You can lease a multimillion-dollar Ferrari, if you can afford $520,000 down and $26,000 per month
story, Putnam Leasing founder and CEO Steven Posner said most don't actually know that they can lease the cars they win at auctions.
"The program that we have isn't like a traditional closed-end lease where you give it back at the end of the lease, like a new Mercedes or a new Ford or a new Chevy," Posner told the outlet. "Those closed-end programs go for three years, you return it and walk away. Putnam specializes in an open-ended lease-to-own program. It has all the financial beauty of a lease, the tax benefits. It's, in essence, like a balloon note finance, although it's a lease.
A 2003 Ferrari Enzo is valued at $2.6 million, Lux Exposé writes. Putnam Leasing's terms ask for $520,000 as a down payment and then $25,689 per month for 60 months after that, plus tax. Without knowing how much those taxes would amount to, that works out to about $2 million over the course of the lease for the Enzo. LesseesKeep scrolling to see Putnam Leasing's other options for the Geared Online auction, if you want a taste of how luxury leasing works.This 1938 Bugatti Type 57 Cabriolet has a $1.6 million valuation. Putnam Leasing's terms ask for a $220,000 down payment and then $16,049 a month for 60 months after that, plus tax.
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