Italy's La Gazzetta dello Sport, publishing a paparazzi photo of Red Bull's reigning quadruple world champion during the transaction, said the German picked a Ferrari California and a personalised number plate.
At grands prix, 27-year-old Vettel commutes to and from the circuits in a road car supplied by Red Bull's title sponsor Infiniti.
But for a gift to his father Norbert, Vettel chose the iconic colour red and the personalised number plate HP N1 -- 'HP' representing his birthplace Heppenheim, and 'N1' for Norbert.
"A sign of a future at Maranello? Who knows!" read the Gazzetta report.
"In 1995, Michael Schumacher was seen roaming the streets of Monaco at the wheel of a F355. And we know how that turned out."