"In the last few years the demand for financial services when acquiring cars has increased significantly, both nationally and internationally," declared Ferrari CEO Jean Todt. "In the case of our clients this is owed to a desire to manage their funds more efficiently. We are thus proud to be able to offer Ferrari purchasers a range of high quality services designed especially for the unique products offered by the Prancing Horse. Ferrari Financial Services can be used to purchase both new cars and pre-owned cars with special Power warranties as well as competition cars, Ferrari-certified historic cars, and Formula 1 single-seaters from the last couple of years."

Jean Todt's statement above sums up the motivation behind Ferrari's setting up of Ferrari Financial Services, a Prancing Horse-controlled finance company with a unique and particularly exclusive function. The range of services offered by Ferrari Financial Services is available for all types of Ferraris from new road-going models to pre-owned cars, historic cars with a high collectors' value, GT competition cars, and even the Formula 1 single-seaters the company sells to collectors around two years after their retirement from racing. As a unique service, a very direct relationship with each client will be established by dedicated personal consultants, contacting the clients before they take delivery of their car and offering the most suitable solutions for their particular requirements.
 

Ferrari Financial Services also offers unique insurance packages, warranty extensions and planned maintenance packages.

At present the company structure provides a holding company, Ferrari Financial Services Italia, which is operative within Italy but also controls two other companies: Ferrari Financial Services Germany, which operates on the German, Austrian, Swiss, French and Belgian markets, and Ferrari Financial Services USA which goes into business in the second half of 2007 on the American market. Over the coming years, Ferrari will evaluate the opportunity to enter additional markets.

Ferrari Financial Services is headed by Darius Ahrabian, a manager with solid experience in the sector. Mr. Ahrabian has also put together a high profile operations team, recruited both from within the Fiat Group and the financial sector in general.