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Maserati History

From only POA The five brothers Maserati of Bologna, Italy formed Maserati, an iconic name in fast cars, in 191...

The five brothers Maserati of Bologna, Italy formed Maserati, an iconic name in fast cars, in 1914. Each of the brothers had been involved in motor vehicle making and racing since the beginning of the century. Initially they concentrated on working with other manufacturers, principally Diatto. In 1926, Diatto withdrew from racing car production after a major crash and Maserati began building their own. The eldest brother, Alfieri, died in 1932. In 1937, the surviving brothers sold the business to the Orsi family, who moved Maserati production to Modena in 1940, from where it has never moved. Maserati concentrated on building and racing cars, until another tragedy in the 1957 Mille Miglia forced them to pull out and switch focus to road cars. Maserati's first high performance, luxury car was the Sebring in 1962. It was followed by the Mistral coup� in 1963. Their first Spyder followed the next year, along with the simply named four-door, the Quattroporte. Maserati sales, like every other manufacturer in the luxury, high-performance end of the market, are low volume. This can cause problems with investment and business stability. Maserati have been unable to avoid this fate. Orsi sold to Citroen in 1968, which had a big impact model design and production volume. The mid-engined Bora was the fruit of this approach, followed by the Merak and Khamsin. Alessandro de Tomaso took over in 1975, introducing the Kyalami and Quattroporte III before the 1980s saw a step change in design exemplified by the Biturbo; cheaper, with a more aggressive, raw performance, square styled and front-engined. In 1993, Fiat became the latest owner and has brought great stability to this famous marque, whose greatest achievements have been of dominating the racing lines. The 3200 GT changed Maserati's game and has been followed by the Spyder, the 4200 Coup�, and more recently, the Grantourismo and Grancabrio. Used Maserati cars of these types form an enticing second hand Maserati market.

  

Jarretts Motors Limited trading as Wilmoths Citroen and Wilmoths is an Appointed Representative of Automotive Compliance Ltd who is authorised and regulated by the Financial Conduct Authority (FCA No. 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allow Jarretts Motors Limited trading as Wilmoths Citroen and Wilmoths to act as a credit broker, not a lender, for the introduction to a limited number of lenders, and to act as an agent on behalf of the insurer for insurance distribution activities only.

We are a credit broker and not a lender. We can introduce you to a lender on our panel, which includes lenders of vehicle manufacturers. We have commercial arrangements with lenders and credit brokers which are likely to influence who we introduce you to. We are not an independent financial adviser and don’t give you any advice or recommendations. It is your choice whether you enter into any finance agreement.

 

Our approach is to introduce you first to the manufacturer lender linked to the franchise offering you the vehicle. They will usually offer the best available package for you, taking into account both interest rates and other contributions (but we do not guarantee they do). If they are unable to offer finance, we then seek to introduce you to someone else on our panel. We will usually receive a commission for your introduction. This will be either a fixed fee, or a fixed percentage of the amount that you borrow. This may be linked to the vehicle model you choose.

 

Lenders of vehicle manufacturers may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement. Before we propose you to a potential lender, we will tell you of the likely amount of commission we will receive and seek your consent to receiving this commission. The exact amount of commission will be confirmed before you sign your finance agreement.

 

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