Hint: You could buy a Ford Fusion with every monthly installment.
Remember the Maserati MC12? Of course, you do - it was effectively Maserati's version of the Enzo Ferrari produced from 2004-2005 in limited numbers of just 50 road-going units. Based on the Enzo and making use of the same 6.0-liter naturally aspirated V12 engine, it produced 621 horsepower and 481 lb-ft of torque, and many who drove it thought that it was a better Enzo than the Ferrari-badged original. But the MC12 was only built in order to homologate the 12 race cars for use in the FIA GT Championship, and each of the 50 road cars was already pre-sold for the eye-watering sum of $670,000.
With only 50 ever made, and most going to collectors, it's rare to ever see one on sale. But that's just what happened recently, and as it turns out, the recent buyer of one financed their purchase through JBR Capital with exorbitant monthly payments that could buy a Ford Fusion every month.
It's fair to say that the MC12 has become a bit of an investment, with prices more than tripling since it went out of production nearly 15 years ago. This particular MC12 that came up for sale was sold for the paltry sum of just £1,795,000 ($2.33 million). According to the finance company, the new owner put down a 17% deposit - $389,550 - and financed the rest over a four-year period, with a final balloon payment of $1.3 million at the end of it all. Each month for 48 months, the buyer paid $23,759 to cover the finance. That's the equivalent of buying a brand new Ford Fusion every month for four years, or if you prefer something Italian, a Fiat 500C Abarth with some change!
It's not the only extreme machine JBR Capital has financed, however. One of the 400 Enzo Ferraris in the world was financed for an even more cringe-worthy sum of $2.72 million. Fortunately, in this case, the new owner put down a $761,000 deposit, which meant the monthly repayments over 24 months were only $12,391 with a final balloon payment of $1.96 million. Both cars were financed with an annual percentage rate (APR) of 7.9%.
According to Stephen Halstead, COO of JBR Capital, the company has "financed many stunning cars to date for our satisfied customers." With the company having financed £500 million ($650 million) worth of luxury cars in just four years, making up a virtual garage called the JBR500, Halstead says the company has achieved its goal of becoming a market leader in high-end vehicle finance.