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NGExpert financial copywriter
Mike maur 
Andrew Frazer 
Leo Tsuo 
Page written by Chris Godfrey. Last reviewed on December 4, 2024. Next review due October 1, 2025.
They go fast, they look great and they cost far more than your typical daily driver. Supercars are in a different league when it comes to automobiles. But how do you buy one without spending piles of cash? Read on to find out more about supercar financing and what you need to qualify.
Supercars, exotic cars, and hypercars, are all part of an elite class of automobile that pushes the boundaries of luxury, performance, rarity, styling and price. However, as the names suggest, there are subtle differences between these types of premium machines:
Generally, an Exotic Car is rare and not seen frequently on the road. While it may not reach the extremes of a Supercar in terms of price, performance, or exclusivity, it occupies a unique niche, often serving as a precursor to today’s Supercars and Hypercars. Exotic car examples include the Bentley Bentayga, Rolls Royce Wraith, Jaguar F-Type and Aston Martin DBS.
Supercars are at the cutting edge of modern automotive performance, typically boasting hundreds of horsepower, cutting-edge technology, and designs that set new benchmarks. With high price tags and lap times that can surpass many dedicated race cars, Supercars embody the best of what the auto industry has to offer. Supercar examples include vehicles such as the Ferrari 296 GTB, Porsche 911 GT3, Lamborghini Huracan and Chevrolet Corvette Z06.
Hypercars represent the top one percent of Supercars. These vehicles are at the limits of performance, technology, and design, and often carry price tags that can run into the $millions. Examples like the McLaren P1, Bugatti Chiron, Ferrari LaFerrari, and Porsche 918 showcase nearly 1,000 horsepower, state-of-the-art technology, and unmatched performance, solidifying their place at the peak of automotive innovation.
Strange as it may sound, supercar finance works very much like finance for regular cars, except you should expect higher down payments, much higher monthly instalments, a vigorous qualifying process and the need for stellar credit. (Many supercars are purchased by companies and can become an asset on the balance sheet, a process that may also unlock valuable tax efficiencies).
Supercar finance is generally available in two basic formats:
You buy your supercar by making equal monthly instalments over a fixed period. At the end of the contract, you own the car outright.
Advantages
Disadvantages
You pay lower monthly payments that you would with a hire purchase agreement, but you must also pay a lump sum – known as a balloon payment – at the end of the contract if you wish to own the car. Note that the balloon payment on a supercar could be in the tens or even hundreds of thousands of dollars.
Advantages
Disadvantages
As suggested above, financing a supercar is basically the same as financing a standard family car, except the qualification process is significantly more thorough. Typical loan criteria includes:
If you’re buying your supercar through your business, lenders may also require:
Yes. However, because supercars are usually more expensive than exotic automobiles, supercar finance may require higher down payments and tougher qualifying rules.
If leasing or hire purchase are not a fit for you, it may be possible to finance your supercar using other methods:
No matter if you’re seeking your first supercar loan or you’re a seasoned borrower, working with business finance experts can make all the difference when applying for financing. Contact Swoop to discuss your borrowing needs, get help with your application and to compare high-quality supercar loans from a choice of lenders. Get in the loan fast lane. Register with Swoop today.
Written by
Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Wells Fargo Bank, Visa, Experian, Ebay, Flywire, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of US consumer and business finance.
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