~ Change vehicles as often as you wish
~ Terminate your lease at any time
~ Benefit from tax advantages
~ Free up your own capital
Premier Financial Services can structure lease financing to suit your needs.
The Corvette is going electric! This fall, customers start taking delivery of the quickest Corvette ever, the E-Ray hybrid. Combining combustion and electric power, the E-Ray is designed to deliver the ultimate street Corvette experience. Just as the 2020 mid-engine Sting Ray realized a Corvette layout first promised more than 50 years ago, the E-Ray’s all-wheel drive delivers on legendary Corvette engineer Zora Arkus-Duntov’s vision and experiments with all-wheel grip for the Vette even before that. The E-Ray is available in coupe and convertible models, starting around $105,000. A full electro-Vette is in the pipeline, too.
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Happy 60th birthday, Porsche 911! In fall 1963, Porsche unveiled a new sports car, at first called “901,” as a successor to its first model, the 356. The new car entered production a year later and not long after got a badge change to “911.” This sports car icon remains in production, in much evolved form and with a choice of 25 variants this year. To celebrate 60 years, Porsche is offering a new pinnacle 911 model, called “S/T,” after a lightweight race-prep 911 from the early Seventies. Porsche will build 1,963 of these special 911s, with a starting price of $290,000.
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Just a few months after unveiling its new DB12 “super tourer” coupe, Aston Martin has introduced the convertible version, called Volante. The British automaker first used the Volante name on a special run of 37 DB5 convertibles in 1965 and has used it on its convertibles since. The name is Italian for ‘flying’ or ‘moving lightly and quickly.’ The 671-horsepower DB12 Volante can certainly do that. The newest Aston Martin would seem to have just two direct rivals, the Ferrari Roma Spider and Bentley Continental GTC. Which would you choose?
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What does $400 million buy today? It was enough to take home about 1,200 of the world’s finest collector cars offered at the 2023 Monterey auctions held from August 17-19. That was down from $475M in 2022, and the sell-through rate was lower, too. Just the same, some stellar automobiles traded hands in Monterey at auctions held by Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s. The top sale was a 1967 Ferrari 412P racecar for $30.2M at Bonhams, while a 1957 Jaguar XKSS, one of just 16 made, was #2 at just over $13M.
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Revered by Corvette enthusiasts, the 1963 Sting Ray, especially when equipped with the fuel-injected 327 engine, remains a legend among the car’s 70 years of production so far. The radical new design covered a new, more advanced chassis than the first-generation Corvette had, and both performance and refinement edged closer to the European GTs. Sales soared, and the “fuel-injected Sting Ray” ended up in pop songs. Gooding & Company’s Pebble Beach Concours d’ Elegance® auction is offering a multiple-award winner with a pre-sale estimate of $250K-$300K.
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With the added perk of super-rarity, the Bentley Continentals of the Sixties remain among the most sought-after of the marque’s classic cars. Gooding & Company’s 2023 Pebble Beach Concours d’ Elegance® auction is offering a rare left-hand-drive 1961 Bentley S2 two-door saloon with coachwork by H.J. Mulliner that exemplified this model’s divergence from the parent company. It has a pre-sale estimate of $400K-$500K.
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What better prelude to the 72nd Pebble Beach Concours d’ Elegance® than to buy a car (or few cars) from the auctions held in conjunction with this pinnacle event? If you’re bidding or selling, the action is at the auctions, of course. We’ve assembled the auction itinerary here and selected some highlights from the Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s sales.
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Giotto Bizzarrini, who died in spring 2023, left a legacy that includes the Ferrari 250 GTO, the first Lamborghini V12 engine, and the car that bore his name, the Bizzarrini 5300 GT. Few of these stunning Italian sports/GT cars were made, all powered by Chevy Corvette V8s for spellbinding performance and easy serviceability. A class win at Le Mans in 1965 established racing pedigree. At its Monterey Auction this month, RM Sotheby’s is offering an impeccably finished 5300 GT with a pre-sale estimate of $880K-$1M.
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The spark that launched Porsche’s road racing dynasty began with the “Fuhrman engine” in the landmark 550 Spyder racecar. Bringing that engine to the 356’s option list in 1956 and calling it “Carrera” boosted Porsche’s racing pedigree while also setting the foundation for special high-performance Porsche models to come. The expensive and complex Carrera engine was rarely ordered when new, and cars so-equipped demand a huge premium in the collector car market today. A 1956 Porsche 356A Speedster Carrera offered by Mecum Auctions in Monterey is expected to sell for up to $1.2M, or nearly 400% more than a Speedster without it.
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“I have structured multiple exotic and classic car deals with Premier over the years ranging from contemporary Porsches to vintage Ferraris for reasons much less obvious than competitive rates and the certainty of knowing what it will take to terminate the lease at any given point in time. When parting with large sums of my own money, organizing international purchases, and coordinating 1031 exchanges, I always want the assurance and peace of mind that only PFS can offer. I consider the very experienced team at Premier to be my partner in turning exotic and vintage car dreams into reality.”
“I have had a long and successful relationship with Premier. My collection of cars have come from every source imaginable: overseas, auctions and dealers across the country. In every instance Premier has been a great partner and their leasing options are a perfect fit for my needs. Some of my cars are long-term investments and others I move in and out of quickly. Premier’s lease program makes it possible to not tie up capital that can be invested elsewhere and provides the most advantageous exit strategy in the industry.”
“Working with Premier, both as a client and as a seller, has always been a positive experience. My true passion has always been in automobiles, whether for myself, my viewers, or my customers and I believe in treating customers like friends and family. Premier shares that same enthusiasm and objective. They have a top-notch team and are well-known and respected throughout the collector car industry.”
“My love for Porsche runs deep and my love of driving even deeper. Over the years my wife and I have driven rallies through China, Europe and, most recently, Africa. Through it all, Premier has been a partner with us, facilitating five leases on vintage Porsches and assisting with the details of international transport so we could enjoy experiences of a lifetime. I have referred colleagues and friends to Premier and will continue to do so because of their attention to detail and impeccable concierge services.”
“From my first Lotus to my first-generation Acura NSX-T, I have been continually satisfied with Premier’s superior service. They offer competitive quotes, expedite the drafting of lease documents and fund deals quickly. Thanks to Premier, I have now had the pleasure to drive three of my dream cars. The fact that they have treated me as if I were a high-end client with a garage full of ultra-rare collectibles is inspiring and refreshing. I am grateful for the opportunity to acquire my dream cars and appreciate their professionalism and courtesy. I look forward to the pleasure of working with Premier in the future. “
“I first heard of Premier from a dealership several years back while trying to obtain funding for an exotic car. Previously, I would get funding through my local bank, which was a slow and tedious process. Since then, I’ve leased many exotics through Premier, and have established a good relationship with them.
Working with Keith Neelans and everyone at Premier is a much more enjoyable process than other institutions I’ve worked with. This is due to their great and personable customer service, as well as their fast in painless process for securing leasing for my vehicles. They’ve exceeded my expectations over and over again, and I plan to work with them for years to come.”
“I have been consistently impressed with the Premier team’s availability, attitude, and lease products. Their facilitation of vintage car transactions and their impressive flexibility to work with me individually has helped me achieve my collecting goals. From my local liaison to the head of the organization, the team members at Premier demonstrate motivation to exceed my expectations- with gestures as simple as helping with year of manufacture license plate registrations, to rapid availability at auctions, to more complex and nuanced requests. Premier customizes their service and builds their relationship with me as a unique client.”
“I have leased more than a dozen cars through Premier, and my experience each time has been easy and extremely fast. Premier’s staff members are all very professional, and go out of their way to take care of every detail involved in the transaction. I highly recommend Premier for anyone who is leasing a car.”
“Over the last 8 years, I’ve worked with Premier Financial to lease over 24 exotic cars. At one point, I had 4 different exotic cars leased through Premier at the same time. I’ve found Chris Warren to be a customer oriented professional who delivers a highly personalized level of service. For serious car enthusiasts like me, who are tired of making large cash purchases on high end automobiles, Premier offers the ease of leasing and the ability to get in and out when desired. Whether you’re leasing one car or ten cars, Premier makes it happen! Thanks guys!”
“To say that I love certain automobiles is an understatement. However, where I lease those certain automobiles is very, very important to me and the service I receive is by far, the most important piece of the equation. It’s hard to believe that I leased my first car over 10 years ago with Premier Financial. Since leasing that first car, I have leased 11 more with Premier. I am extremely selective with whom I do business and PFS has demonstrated time and time again that they not only want, but deserve my business. They are so great to work with and so service-oriented that they literally make it impossible to go elsewhere for my leasing needs. So kudos to Premier… they have won me over for life.”