Ferrari pista

Ferrari Sues, Wants Its $400k Car Back From Palm Beach County Man

Boca Raton Boynton Beach Delray Beach Florida LAWSUITS News Palm Beach County

“Vehicle is wrongfully detained by Defendant.”

Ferrari is suing a Palm Beach County man who is allegedly not paying for his $412k PISTA.


BOCA RATON, FL ( (Copyright © 2021 MetroDesk Media, LLC) (News App readers click here for full report) — A Palm Beach County man allegedly stopped paying the loan on his 2020 Ferrari 488 PISTA, and the car maker wants it back.

The lawsuit, filed in Palm Beach County, alleges that Victor Paterno “entered into a retail installment contract” for the purchase of the PISTA on September 5, 2019. The sales price: $412,455.27.

But Paterno, according to the suit, stopped paying, and now owes $18,374.

“At this date in time, Defendant has made only the first 12 payments of the 60 monthly payments due under the Contract,” states the suit.

The monthly payment on the $412k Ferrari is $4,571.18.

A look at the the defendant’s payment history, which we are publishing as part of the suit below, indicates that late payments were normal — starting within months of the initial purchase. Some were reversed, others were not.

The lawsuit seeks full payment with attorneys fees. Until that happens, the lawsuit claims, “The Vehicle is wrongfully detained by Defendant.”

Read the complete suit, below. If you are reading in a news app, click here.





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