How To Lease A $3 Million Bugatti Chiron Or Pagani Huayra, Or $5 Million Collector Sports Car

Leasing is not a business you’d go into without a lot of knowledge, unless you want to lose a lot of money quickly,” says Steven Posner, who has served as CEO of Putnam Leasing since the 1980s. “My most expensive car on the books right now is a $5 million Porsche. It was celebrity owned and a race car. And we’ve just developed a lease for the Pagani Huayra—those can cost $3 million in a straight purchase.”

As car companies developed captive financial arms, crowding out independent leasing firms like Putnam, Posner adapted by financing ultra-high-end luxury, exotic and collector cars with open-end leases, a financial tool for those who want to trade up on a regular basis, and control their sales tax outlays.