Hey guys, has anyone here been able to get a $500k+ loan on an aventador? If so, which lender, and how hard was it to get approved?
Oh no that wasn’t my question, what I meant to ask was what’s the maximum that lenders will usually let you borrow? I’ve heard different answers from a bunch of credible people, some say the maximum is 300k, some say there’s no limit, so that’s why I was wondering if anyone was able to get a loan that high.Uh, I mean approval for a loan is 100% based on you. Do you have a credit borrowing history for expensive cars? Do you have good verifiable income? Do you have low debt (good dti ratio?)? Do you have money to put down on the loan? Is the loan within reasonable cost to the value of the car?
These are the answers that will determine if you are able to get a loan on an aventador.
Do they look at car loan history and/or credit limits? My previous highest car loan was $220k, and the most I have ever borrowed from the bank is $750k for my mortgage, other than that my credit limits are pretty average since I do not have any other debt.The US is different, in Canada lending for supercar is more strict and there's only a handful of lenders available.
If you have enough income, have assets, high credit score you can go out and lease a Senna or even a Pagani. It all depends on your financial situation and lenders like Pfaff require 25%, there's' no way around this.
I mentioned $300k was my take home, I make well over $500k a year. I also mentioned that I have the cash to be able to buy it outright if need be, but would much rather prefer financing in order to free up the cash for other investments.Wow, making $300k/year and buying an $800+K car?! Sounds a bit "lean" to me.
I suppose that depends on how long one saved for a down payment!
But what do I know.
Financial questions for toys on the interwebs are always so...um... interesting!
More like a nightmare. Borrowing 500K on an AV is crazy .Getting a $500k+ loan on an Aventador sounds like a dream come true.
I've heard that it can be a bit challenging to secure such a high-value loan.
Banks look at your net worth and high balance credit purchases as much or more than your score. A guy with a 10 million net worth and 690 fico will have it easier than a person with an 800 fico and low net worth. A high score in itself means nothing if you have no depth.I've heard that it can be a bit challenging to secure such a high-value loan.