Ferrari 296 GTB Finance in 2026: Four Ways to Fund a Hybrid Berlinetta
The 296 GTB was the first six-cylinder road car sold under the Ferrari name. Its 3.0 litre twin turbo V6 has its cylinder banks set 120 degrees apart, a single electric motor sits between the engine and the gearbox, and together they make 819 bhp. That works out at 273 bhp for every litre of engine. None of which matters to a lender as much as one plain fact: the car has a UK list price of £241,560 and it is still in production. That makes it the simplest kind of Ferrari to fund. A lender has a price to lend against and enough trading evidence to forecast what the car will be worth in four years, so every agreement we arrange is available on it. Put that price into four different agreements and you get four different monthly figures and four different endings. This article works through each one with the sum shown.
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 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 the 296 GTB on each agreement and what happens when the final month arrives.
Why the 296 GTB is the straightforward case
Most of the Ferrari range is funded against a valuation. A car that has left production has no current list price, so a lender has to work out what it is worth and lend against that. The 296 GTB is different because it sits in the current range, in production since 2022, with a published price. That one difference opens every door. A list price gives a figure to lend against, and a deep used market gives a lender the confidence to set a closing value, which is what lease purchase and PCP depend on.
The family has grown around it. The 296 GTS arrived in 2023 with a folding hardtop that opens in 14 seconds at up to 45 km/h. The 296 Speciale followed in 2025 with 868 bhp, a dry weight of 1,410 kg and, according to manufacturer data, around 20 percent more downforce than the standard car. Each is assessed on its own evidence. A coupe and its open version do not hold value identically, so a lender setting a closing value will price the GTB and the GTS separately even where the list prices sit close together. The model page for the 296 GTB carries the specification and the figures used here.
Hire purchase on a 296 GTB, worked by hand
Hire purchase spreads the whole balance across the term and the car is yours after the last payment. Take the list price of £241,560 and a 20 per cent deposit of £48,312. That leaves £193,248 to finance over 48 months at the indicative nominal rate of 8.9 per cent.
- Monthly rate: 8.9 divided by 12 is 0.7417 per cent, or 0.0074167.
- Discount factor: 1.0074167 to the power of minus 48 is 0.70139.
- Payment factor: 0.0074167 divided by (1 minus 0.70139) is 0.024838.
- Monthly payment: £193,248 times 0.024838 is £4,800.
Across the term you pay £278,703 including the deposit, so the cost of credit is £37,143. Nothing is deferred, there is no closing value for anyone to argue about, and the underwriting is mostly about whether the business or the buyer can carry £4,800 a month. That is why hire purchase is the agreement most company directors choose when they intend to keep the car.
Lease purchase: where the £2,485 comes from
Lease purchase keeps the same deposit and the same rate, and defers 55 per cent of the full list price to a final payment. On the 296 GTB that balloon is £132,858. The monthly payment is lower because you are only paying down the part of the balance that is not deferred, plus interest on all of it.
The trick in the sum is to bring the balloon back to today’s money before working out the payment. £132,858 times the discount factor of 0.70139 is £93,186. Take that from the £193,248 financed and you have £100,062. Multiply by the payment factor of 0.024838 and the monthly payment is £2,485.
Lease purchase takes £2,315 a month off a 296 GTB and hands you a £132,858 bill in month 48 in exchange.
Add it all up and lease purchase costs more in total. The deposit, 48 payments of £2,485 and the balloon come to £300,465, against £278,703 on hire purchase, because interest runs on the deferred balance for the whole four years. The cost of credit is £58,905. What you buy with the extra £21,762 is cash flow, and you also carry the risk on the balloon. If the car is worth more than £132,858 at the end, the difference is yours. If it is worth less, so is the shortfall.
PCP: the same deferral with a guarantee attached
A PCP looks like lease purchase on paper. The deposit is the same, the deferred figure can be the same, and the arithmetic above produces the same £2,485. The difference is who owns the risk. Under a PCP the lender guarantees the closing figure, so if the 296 GTB is worth less than that at month 48 you can hand the car back and walk away.
That guarantee is priced into the rate, so a real PCP on this car rarely matches the lease purchase figure. Each extra percentage point on the rate adds about £140 a month to the payment with 55 per cent deferred, and about £92 a month on hire purchase. A PCP also brings an annual mileage allowance and a condition standard for the return, because the lender has an interest in what comes back. If you are keeping the car, you are paying for a walk-away option you will not use. If you genuinely do not know, the guarantee can be worth its cost.
Business contract hire: renting the car to your company
Business contract hire is the one agreement here that is not a purchase. A lease company buys the 296 GTB, your limited company pays an initial rental followed by fixed monthly rentals, and the car goes back at the end. It cannot be written to an individual.
We quote contract hire rather than publish it, because the rental is built from four numbers that differ on every case: the initial rental, often three, six, nine or twelve monthly rentals; the term, commonly 24, 36 or 48 months; the annual mileage, often set somewhere between 3,000 and 10,000 miles on cars like this; and the value the lease company expects on return. The rental will usually be the lowest monthly figure of the four agreements, and at the end the company owns nothing. Excess mileage and damage beyond fair wear and tear are charged when the car goes back. How the rentals are treated for tax, and the position on a hybrid used privately, are questions for your accountant.
What moves the monthly figure on a 296 GTB
The worked examples use a 20 per cent deposit, 48 months and 55 per cent deferred because those are the assumptions every figure on our site is computed from. Change any one and the payment moves. All of these keep the list price at £241,560 and the rate at 8.9 per cent.
| Change | Hire purchase monthly | With 55 per cent deferred |
|---|---|---|
| 10 per cent deposit | £5,400 | £3,085 |
| 20 per cent deposit | £4,800 | £2,485 |
| 30 per cent deposit | £4,200 | £1,885 |
| 36 month term | £6,136 | £2,903 |
| 60 month term | £4,002 | £2,236 |
On the deferred agreements the balloon itself is the biggest lever. Holding the deposit at 20 per cent, a balloon of 40 per cent gives £3,117 a month and 50 per cent gives £2,696. A higher balloon lowers the payment and raises what you owe at the end, which is why the deferred figure is worth questioning before the rate.
When the 296 GTB stops being list priced
A 296 GTB bought used is a different proposition from a new one. Once a car has been registered and driven, the list price stops being what a lender works from and the advance is set against what that particular car would sell for. The same happens to the whole model when production ends: the list price becomes a historic figure and no lender computes a payment from it. For a used example, hire purchase remains the simplest route, a balloon may still be possible while the used market is deep, and at the end of a lease purchase the balloon itself can be refinanced. At 8.9 per cent over 48 months, £132,858 refinanced costs £3,300 a month.
Outlook for 296 GTB finance
The Bank of England held base rate at 3.75 per cent at its 30 July 2026 decision, with the next decision due on 17 September 2026. Treat that as background. A lender prices a 296 GTB agreement on the buyer or business, the deposit and how much is deferred, not on base rate alone. The more useful thing to watch on this car is its used market, because that is what a lender uses to set the balloon. As more of the 2022 and 2023 cars come up for sale, lenders gain more evidence to set closing values from, and that evidence feeds straight into the lease purchase and PCP figures they are willing to offer.
FAQ
Is the Ferrari 296 a good investment? We arrange finance and do not give investment views. What we can tell you is how lenders read it: a series-production car with no documented build limit in our model reference and a closing value lenders are prepared to forecast. They price it as a car that depreciates in the normal way, not as one expected to rise.
Is the 296 GTB discontinued? Not according to our September 2026 model reference, which lists it in production since 2022 with no end date, alongside the 296 GTS from 2023 and the 296 Speciale from 2025. When production does end, the list price becomes historic and the advance on any example is set against its used value.
How much does it cost to finance a Ferrari? On a 296 GTB at £241,560, with 20 per cent down over 48 months at an indicative 8.9 per cent, hire purchase is £4,800 a month and lease purchase is £2,485 a month with £132,858 deferred. The cost of credit is £37,143 and £58,905 respectively. Your own figure depends on the lender, the deposit and your case.
Are any car dealers offering 0% finance? We are not a dealer and cannot speak for any dealer’s offers. If you are shown a 0 per cent headline, compare the cash price you would pay without the finance against the total payable with it. The difference between the two is the real cost of the finance, whatever the rate says.
Talk to us
If a 296 GTB is the car, send us the specification, the price you have agreed and whether it is going through a company or in your own name, and we will run the agreements for your case. The figures for the model are on our Ferrari 296 GTB finance page, and the detail of hire purchase on a Ferrari covers the most common choice. See also our page on PCP if the option to hand the car back matters to you.
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.