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Look, we found out. You’re looking for a multimillion-dollar supercar, but you can’t save your budget to buy it in full. If only leasing systems were available, you can split the fee into manageable monthly payments.
Ask and receive: input Putnam Leasing, a company that specializes in providing rental options of choice. He is the rental agent for Gooding and Company’s Geared Online 2020 auction, according to The Drive.
The auction, which opened on August 3 and closes on August 7 at 12:00 p.m. Pacific Time includes a 1966 Ferrari 275 GTB Long Nose, a 2003 Ferrari Enzo, a 1938 Bugatti Type 57 Cabriolet and a 1992 Ferrari F40. Putnam Leasing will offer leasing features for some of the cars, Lux Exposé reports.
On its website, Putnam Leasing says it offers car leasing opportunities ranging from $75,000 to more than $1 million with 24- to 60-month terms. In a story about Autoweek in 2018, Putnam Leasing founder and CEO Steven Posner said Maximum didn’t know they could rent the cars won at auction.
“The program we have is not like a classic indeterminate lease in which you go back to the end of the lease, like a new Mercedes or a new Ford or a new Chevrolet,” Posner said at the point of sale. “These closed systems last 3 years, you go backwards and you leave. Putnam specializes in an indeterminate capital leasing program. It has all the monetary appeal of a lease, the tax advantages. It’s, in essence, like a balloon note Financing, it’s a lease.”
A 2003 Ferrari Enzo is valued at $2.6 million, writes Lux Exposé. Putnam Leasing terms and require $520,000 as a down payment, followed by $25,689 according to the month for 60 months thereafter, plus taxes.
Without knowing how much those taxes would be, that’s about $2 million on Enzo’s lease. Tenants can then complete the purchase of the car or pick up a shiny new toy.
Keep scrolling to see Putnam Leasing’s other features for the Geared Online auction, if you want to take a look at how luxury rentals work.
This 1938 Bugatti Type 57 Cabriolet costs $1.6 million. Putnam Leasing terms require a down payment of $220,000, then $16049 consistent with the month for 60 months thereafter, plus taxes.
Source: Lux Exposed
This 1955 Mercedes-Benz 300 SL Gullwing is worth $1.4 million. After a down payment of $280,000, Putnam Leasing’s terms come with $13,650 consistent with the month for 60 months, plus taxes.
Source: Lux Exposed
Source: Lux Exposed
This 1971 Porsche 911 ST Rally is 1.3 million. After a down payment of $250,000, Putnam Leasing’s terms require $12049 according to the month for 60 months, plus taxes.
Source: Lux Exposed
This 1992 Ferrari F40 has a valuation of $1.5 million. After a down payment of $300,000, Putnam Leasing’s terms come with $14,459 in monthly bills for 60 months, plus taxes.
Source: Lux Exposed
This 1995 Ferrari F50 is worth $2.6 million. After a down payment of $520,000, Putnam Leasing’s leasing situations come with $25,689 according to the month for 60 months, plus taxes.
Source: Lux Exposed
This Ferrari Enzo 2003 has a valuation of $2.6 million. Your leasing situations come with a down payment of $520,000 and $25,689 in monthly bills over the next 60 months, plus taxes.
Source: Lux Exposed