Ferrari Business Contract Hire in 2026: Running a Ferrari Through the Company
Four years after the lease starts, a Ferrari goes back to its owner on a transporter. The company that has paid for it every month since the start never owned it and was never meant to. That is business contract hire: a lease company buys the car, rents it to a limited company for a fixed term and a fixed mileage, and takes it back at the end. There is no balloon to settle and no worry about what the used market does to the car, because those are the lease company’s problems. The price of that tidiness is written in the mileage clause and the return inspection. Say the rental allows 5,000 miles a year for 48 months, a total of 20,000. Bring the car back at 26,000 and the company pays for 6,000 extra miles at whatever rate was set on day one. On an ordinary company car that clause is a detail. On a Ferrari, it is a large part of what the lease really costs.
Ferrari Finance is part of Hypercar Finance, a trading name of Lenzie Consulting Ltd (company number 08174104). We arrange finance: we are not a lender, not a dealer and not a lease company, and we do not sell cars. The business is not authorised or regulated by the FCA. Agreements entered into wholly or predominantly for business purposes are not regulated consumer credit, and we arrange those directly; where an agreement is regulated consumer credit we introduce it to an FCA authorised broker partner, which carries the regulated activity and any advice. There is no minimum advance. Every figure below is indicative, not an offer.
Not affiliated with Ferrari S.p.A. Vehicle marques named here are the trade marks of their respective owners.
In the episode below, Georgina walks through how a Ferrari rental is priced, who it suits, and why so few older cars can be leased at all.
What contract hire on a Ferrari actually is
It is a rental, not a purchase. The lease company owns the car throughout. Your company pays an initial rental, then a fixed monthly rental, and returns the car at the end of the term. Nothing is repaid towards ownership, so no equity builds up, and at the end there is nothing to sell.
That makes it the only one of the five agreements we arrange that cannot be written to a private individual. A Ferrari business contract hire agreement is a lease to a limited company, which also keeps it outside consumer credit rules. Voluntary termination under the Consumer Credit Act, the right to return a car once 50 per cent of the total amount payable is paid, belongs to regulated hire purchase and never applies to a company rental. Ending a lease early is possible, but it is done on the lease company’s terms, and those terms are usually expensive.
The vocabulary is worth learning before you compare quotes: initial rental rather than deposit, monthly rental rather than payment, and annual mileage as a contractual limit rather than an estimate.
Which Ferraris a lease company will take
A lease company has to stand behind a return value, so it needs a car it can forecast. In the Ferrari model file of 151 road cars, that narrows the field quickly. The sixteen cars in production are candidates, and the seven series models with a UK list price, from the Roma at £199,355 to the SF90 Stradale at £419,940, are the realistic ones.
Everything older falls away. A modern era car from 2010 to 2025 is valued on the used market, and few lease companies will write a new rental on a car that is already years old. Modern classics, classics and vintage cars are out of the question: they are valued case by case, and a car that may rise in value is exactly what a lease company does not want to hand back to the market. Limited build cars are a poor fit even new. Manufacturer data puts the Daytona SP3 run at 599 cars, and a run that small leaves too little sales evidence for a confident return value, on a car whose next owner may well pay more than the last. If the car you want is older or rare, hire purchase or a refinance is the route.
The four numbers behind a Ferrari rental
We quote contract hire per car rather than publishing rentals, because every rental is built from four numbers and none of them is known until you choose them.
- The initial rental. Usually three, six, nine or twelve monthly rentals paid at the start. A larger initial rental lowers each monthly rental.
- The term. Most often 24, 36 or 48 months.
- The annual mileage. On cars like these, commonly between 3,000 and 10,000 miles a year.
- The return value. What the lease company expects the car to fetch when it comes back. You never see this figure, and it drives everything else.
The monthly rental is broadly the gap between the price today and that return value, spread over the term with the lease company’s funding cost added. That is why a coupe and its open version of the same model can carry different rentals: they are not expected to return the same value.
Mileage and return condition, worked through
Mileage allowances are counted over the whole term, not year by year. Written at 5,000 miles a year over 48 months, the allowance is 20,000 miles. A car returned at 26,000 is charged on 6,000 excess miles, at a pence per mile rate fixed in the contract. Written at 6,500 miles a year instead, the allowance would have been 26,000 and the charge nothing, in exchange for a slightly higher rental every month. Nobody knows in year one what they will drive in year four, so setting the figure a little high is usually the cheaper mistake.
Condition works the same way. Returned cars are inspected against the fair wear and tear guide published by the British Vehicle Rental and Leasing Association. Kerbed wheels, deep stone chips, paint damage, marked leather and gaps in the service record all turn into charges, and on a Ferrari the repair costs behind those charges are high.
Contract hire gives the company the cheapest monthly figure on a Ferrari and the least to show for it at the end. Both halves of that sentence are the point.
Contract hire against buying: the F8 Tributo test
The fair way to judge a rental is against the cost of owning the same car. Take an F8 Tributo at its list price of £213,000 on hire purchase.
- Deposit at 20 per cent is £42,600, leaving £170,400 to finance.
- The monthly rate is 8.9 per cent divided by 12, or 0.0074167.
- Over 48 months the payment factor is 0.0074167 divided by (1 minus 0.70139), which is 0.024838.
- £170,400 multiplied by 0.024838 is £4,232 a month.
After 48 payments the company owns a car worth whatever the market says. Put the same car on lease purchase with 55 per cent deferred and the payment is £2,191, with a £117,150 balloon to clear. A rental quote on that car only makes sense set against those two figures. If it is well below £2,191 and the company never wanted the car on its balance sheet, contract hire may be the right answer. If it is close to £2,191, the company is giving up the equity for very little. The table at the top of this page sets the three side by side, and our page on buying it on hire purchase instead runs the ownership figures across the range.
Tax, VAT and HMRC
Rentals are normally treated as a running cost rather than the purchase of an asset, VAT on leased cars follows its own rules, and private use of a company car brings a benefit in kind charge that HMRC assesses on the director. On a car of this value the numbers are significant, and they differ from every purchase agreement. That is a question for your accountant rather than for us. What we will do is send your accountant the actual lease terms before anything is signed, so the advice is based on the contract and not on a summary of it.
When contract hire is the wrong answer
When anyone involved wants to own the car. When the car might rise in value, because handing back an appreciating Ferrari is the most expensive mistake available on any of the five agreements. When the company expects to keep the car beyond the term, because extending a rental rarely beats having bought. And when the driving pattern is unpredictable, because the mileage clause punishes guessing low. Contract hire works best for a company that wants a current Ferrari as a fixed monthly cost, drives a known distance, and is happy to hand it back and start again.
Outlook for company Ferrari rentals
The Bank of England held base rate at 3.75 per cent on 30 July 2026, and its next decision is due on 17 September 2026. That is background. A rental is fixed for its term and priced on the lease company’s own funding and its view of the car’s return value. That view matters more: a steady used market for two to four year old Ferraris supports return values and keeps rentals down, and a softer one pushes them up on new agreements.
FAQ
Is business contract hire worth it? For a limited company that wants a current Ferrari as a predictable cost, does not want to own it and drives a known mileage, it can be. For anyone who wants the equity, or on any car likely to hold or gain value, buying usually works out better.
How much does it cost to lease a Ferrari per month? It depends on the initial rental, the term, the mileage and the return value, so we quote rather than publish. As a yardstick, owning an F8 Tributo at £213,000 costs £4,232 a month on hire purchase and £2,191 on lease purchase with a balloon.
Which car is called poor man’s Ferrari? The phrase has been used for many cheaper sports cars. Contract hire is not a way to get there, because lease companies only take current models. For a lower cost route to a genuine Ferrari, an older car bought on hire purchase is the usual answer.
Can I get a car on business contract hire? If you trade through a limited company, yes, subject to the lease company’s credit checks on the business and usually on its directors. Contract hire cannot be written to a private individual, so personal buyers look at hire purchase, lease purchase or PCP instead.
Talk to us
If the company wants to run a current Ferrari without owning it, send us the model, the term you have in mind and a realistic annual mileage, and we will come back with how a rental compares with buying. Read more on Ferrari business contract hire, or weigh up buying it on hire purchase instead. See also our page comparing all five agreements.
All figures in this article are indicative, not an offer, a quote or a financial promotion, and any agreement is subject to lender terms, valuation and full underwriting. This article was written by Matt Lenzie.