FAQs

Leasing your next vehicle offers several advantages. It allows you to preserve your capital for other investment opportunities while still driving the car you desire. Leasing typically results in lower monthly payments and, if the car is used for business, you may be able to deduct those payments. Additionally, leasing can provide significant sales tax benefits in various states, such as paying sales tax incrementally with each monthly payment instead of all upfront. Overall, leasing offers financial flexibility and additional perks that can enhance your vehicle ownership experience.

Leasing can be a smart way to obtain your next vehicle for several reasons. It often provides more value for your money, as it requires a significantly lower down payment compared to purchasing outright. This means you can drive a higher-end or newer car for less money overall. With leasing, you pay an upfront fee and monthly payments over a fixed period, allowing you to enjoy a premium vehicle while preserving your capital for other uses.

Putnam leases all types of vehicles starting at $80,000 and up. New, used, domestic, foreign, luxury and or exotic. Putnam bases its leases on the value of the underlying vehicle. We use over 40 years of experience to determine lease amounts, set residuals and customize the lease that works for you.

Qualifying for a Putnam lease is easy and straightforward. Just complete our lease application form (click for application), and we typically provide an answer and structure the lease on the same day.

Putnam leases are private transactions, and we prioritize the confidentiality of our customers. We do not report lease information to any credit agencies, and no details are released without the customer's written consent. Your privacy is safeguarded throughout the leasing process.

The answer is YES. Many of our thousands of lessees over the years have terminated their lease early. There are many reasons, but most customers decide they want to trade their current vehicle for another and Putnam’s lease flexibility allows for such. Many of our customers are car enthusiasts and regularly upgrade to newer vehicles.

Down payments or deposits are often required, but they vary depending on each lease agreement. The amount can be influenced by factors such as the vehicle's price and type, as well as your income and credit history. Each lease is tailored to individual circumstances, so the specifics will be determined based on your unique situation.

Yes, you can lease more than one car at a time. When evaluating your request, Putnam considers factors such as your overall credit history and existing leases or financings. Many of our current lessees have multiple vehicles leased simultaneously, so it’s certainly possible depending on your individual circumstances.

No there are no hidden fees. Our lease documents identify all charges and costs relating to our leases.

Putnam Leasing offers a level of flexibility that traditional leases simply don't. Unlike fixed traditional leases that require you to commit for the full term, Putnam leases allow for early terminations without the severe penalties typically associated with conventional leases. For over 40 years, Putnam customers have benefited from the option to end their leases early, upgrade to newer vehicles, and continue enjoying the flexibility that Putnam leases provide.

Yes, you can lease a previously owned (used) car. In fact, you can lease any new or pre-owned exotic, vintage, or luxury car valued at over $80,000. Whether it's purchased from a dealer, a private seller, or at an auction, we can accommodate your lease needs.

With 40 years of experience and thousands of satisfied customers, Putnam has built a reputation for exceptional service. Many of our clients return to lease with us multiple times, a testament to our commitment to professionalism and prioritizing our customers' needs. Our long-standing tradition of putting clients first is the cornerstone of our service.