Buying a used Maserati with hire purchase (HP) car finance

Maserati is a British car manufacturer known for its luxury SUVs with exceptional off-road capabilities and premium features.

At AutoMoney Motor Finance we can help you secure HP car finance on a used Maserati within minutes.

What’s more we can complete your deal the same day, so you can drive home with your chosen Maserati model straight away.

Apply now for HP car finance

Complete your details via our online form.

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

Contents

Want to know more about buying a used Maserati?

If you’re considering purchasing a used Maserati, here’s a detailed look at what you should know about its strengths and weaknesses:

Strengths of Maserati

  1. Exquisite design:
    Maserati vehicles are renowned for their striking design and Italian craftsmanship. From the sleek Glibly to the aggressive GranTurismo, Maserati cars are visually stunning and exude luxury.
  2. Powerful performance:
    Maserati offers a range of high-performance engines that deliver exhilarating speed and dynamic handling. Models like the Quattroporte and Levante provide a thrilling driving experience with robust powertrains.
  3. Luxurious interiors:
    The interiors of Maserati cars are crafted with high-quality materials, including fine leather, wood, and carbon fibre. The attention to detail and luxurious finishes create a premium environment for both driver and passengers.
  4. Exclusivity:
    Maserati vehicles are less common than other luxury brands, adding an element of exclusivity and distinction. Owning a Maserati often comes with a sense of prestige and individuality.
  5. Advanced technology:
    Recent Maserati models come equipped with advanced technology, including sophisticated infotainment systems, driver assistance features, and connectivity options. These technologies enhance both comfort and safety.
  6. Heritage and brand appeal:
    Maserati has a rich racing heritage and a storied history in the automotive world. The brand’s legacy adds to the allure and desirability of its vehicles.

Weaknesses of Maserati

  1. Maintenance costs:
    Maserati vehicles can be expensive to maintain. Parts and service costs are typically higher than for non-premium brands, and specialised servicing may be required. Be prepared for potentially higher running costs, including insurance and repair bills.
  2. Fuel efficiency:
    Due to their powerful engines, Maserati’s often have lower fuel efficiency compared to other luxury cars. Consider the ongoing fuel costs based on your driving habits.
  3. Reliability concerns:
    Some Maserati models have been criticised for reliability issues. It's important to research specific models and years to identify any common problems or recall issues.
  4. Depreciation:
    Maserati’s can depreciate more rapidly than some other luxury brands. While this can make them more affordable as used cars, it's important to consider potential future depreciation if you plan to sell the car.
  5. Ride comfort:
    While Maserati’s are designed for performance, some models may have a firmer ride quality that might not appeal to all buyers. Test driving is essential to ensure you're comfortable with the ride.

Tips for buying a used Maserati

  • Research specific models:
    Popular models like the Ghibli, Quattroporte, Levante, and GranTurismo each have unique characteristics. Research specific model years for any common issues or recalls to ensure you make an informed decision.
  • Check service history:
    Ensure the vehicle has a comprehensive service history. Regular maintenance by authorised Maserati service centres is a good indicator of a well-cared-for car.
  • Inspect for wear and tear:
    Look for signs of wear and tear, especially on high-mileage models. Pay close attention to the condition of the interior, electronics, and suspension components.
  • Consider certified pre-owned:
    Buying a dealership-certified pre-owned Maserati offers benefits like extended warranties and rigorous inspections, providing added peace of mind.
  • Evaluate running costs:
    Factor in potential running costs, including insurance, road tax, and fuel consumption, to ensure the car fits within your budget. Maserati’s generally have higher running costs due to their luxury and performance capabilities.

Overall, a used Maserati can offer a luxurious and exhilarating driving experience, with stunning design and powerful performance. By doing thorough research and inspections, you can find a high-quality used Maserati that meets your needs and provides lasting satisfaction.

Buying a used Maserati with HP car finance

One of the ways to buy a used Maserati, if you do not have enough money to pay for it in full straight away, is to use Hire Purchase car finance (HP car finance).

This is where you ‘hire’ the Maserati from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Maserati from us at the end of the term of the borrowing, when you also pay a one-off “option-to-purchase” fee.

At this point you own the Maserati completely and our contract comes to an end.

The pros and cons of HP car finance

Borrowing money to buy anything comes with risks, as well as rewards.

Buying a used Maserati could be the right choice for you and an ideal solution to the practical challenges of getting about day to day. However, whilst a used car can be significantly cheaper than its brand new alternative, it still involves spending a lot of money.

When you borrow money, you need to make sure you can keep up with payments comfortably. You will have other bills to pay and necessary things to buy, so you don’t want to find that the payments on your Maserati are leaving you short of money each month.

There are also other considerations when buying a used car and below we share the pros and cons, to help you decide if applying for HP car finance is right for you.

The pros

  • Drive away in a Maserati today: with HP car finance you can get a Maserati, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Maserati: cars are expensive, but are often an essential part of daily life. When you buy your Maserati with HP car finance, you can pay for it gradually over time.
  • Manage your finances: HP car finance comes with a clear payment plan. You can easily compare what your finances will look like each month by taking away the money your Maserati will cost you, alongside your other bills and costs, from your income to make sure it is affordable for you.
  • Decide how much you can afford each month: if you find the Maserati you are looking at is too expensive per month, you can look at other options, with lower monthly costs.
  • Choose a term that suits you: you can repay over 3-5 years, which will impact the monthly cost to suit your monthly finances. Borrowing for longer reduces the monthly cost, but be aware it may increase the total amount you repay.
  • Own your Maserati at the end of the term: If you keep up with your monthly payments, and can afford the “option-to-purchase” fee, you will own your Maserati at the end of the term of your agreement.

The cons

  • Delayed ownership: You won't own the car until the final payment is made. Missing payments could result in your Maserati being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Maserati is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Maserati's purchase price.
  • Insurance requirements: Comprehensive insurance is required, which can be more costly.
  • Credit impact: Missing payments can negatively affect your credit score, making future borrowing more difficult.
  • Repossession risk: Failure to make payments can lead to the car being repossessed, possibly leaving you with outstanding debt.

Please make sure you read and understand your hire purchase agreement, maintain your car and ensure you can afford the payments before committing.

Why get HP car finance with AutoMoney Motor Finance?

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Ready to apply?

We hope you found the information on this page useful. If you are now ready to apply for HP car finance with us, we’d be pleased to help.

Get started with an application using our online form:

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

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