~ 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 2023 collector car auction season got off to a roaring start in January. The Bonhams Scottsdale auction reached $30M in sales, and RM Sotheby’s reported $44M. The big surprise came from Bonhams, where a 1912 Simplex brought $4.8M, a record for a pre-WWI car. Supercars were still supreme, though, with a Ferrari LaFerrari getting $4.075M at RM Sotheby’s and, earlier in the month, a Ferrari F40 topping the Mecum sale in Kissimmee, Florida at $3.135M.
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One a year in January, Palm Beach, Florida becomes the center of the Ferrari world with Cavallino Classic. This four-day event presents the full spectrum of the Ferrari lifestyle, including racing, touring, and concours competition – all in and around the luxurious setting of The Breakers hotel. A feast for all the senses, Cavallino Classic is a rare opportunity to see the marque’s vibrant history on display and on the track.
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Will the 812 GTS be Ferrari’s final front-engine, naturally aspirated V-12 spider? Based on the appropriately named 812 Superfast Berlinetta, the 812 GTS shares a lineage with a line of classic open Ferraris, including the magnificent 365 GTS/4 Daytona Spider of the early ’70s. The 812 GTS has a retractable hardtop roof and a 789-horsepower 6.5-liter V-12. Bonhams’ Scottsdale auction is offering a 2021 812 GTS with just 217 miles.
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Of the 38,762 1969 Corvettes made, just two were built for sale with the legendary ZL-1 427 cu.-in. race engine. One of those was a convertible. The original owner campaigned it for three years before storing it until 1989. Then, after 15 years of shows and some competition, it went to a second owner, who had it restored by the world’s top Corvette restoration shop. RM Sotheby’s estimates the next owner will pay up to $3M to take the car home from its Scottsdale auction.
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To close out its 964-series 911 Turbo, Porsche built the last 93 as “S” models, and 39 of those were made as the X85 Flachbau (“Flat-nose”) for the U.S. market. The Turbo S X85’s 380-horsepower 3.6-liter engine was basically the one used in the IMSA Bridgestone North American Supercar race series. The only X85 that came painted in Speed Yellow is on offer at RM Sotheby’s Scottsdale auction with a pre-sale estimate of $800K-$1M.
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BMW’s Z8 is the kind of car that many wish BMW would build again. Two of those cars – a standard BMW Z8 and the Alpina version, called the BMW Alpina Roadster V8 – recently sold earlier this month at RM Sotheby’s Miami auction. Offered by two different owners, and both with under 23,000 miles, each car sold for exactly the same price: $229,600. Read the backstory on the Z8 and the Alpina Roadster.
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On the heels of Porsche’s introduction of the 911 Dakar, Lamborghini has announced its plan to launch its own supercar that’s modified to play in the dirt, the Huracán Sterrato. Using the same 5.2-liter V-10 engine as the Huracán Evo, Lamborghini’s new off road-ready SUV can do 0-60 in around 3.2 seconds, has rally lights mounted on the Sterrato’s nose, and includes a built-in camera to record your adventures. Production of 1,499 Sterratos will begin in February of 2023, and U.S. pricing has not been announced.
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Since taking the reins as Executive Director of the Petersen Automotive Museum, Terry Karges has changed its business model, created “must see” exhibits, and delivered profitability to the organization. Terry was raised in the California car culture, and is a well-known figure in the automotive industry. He has great stories to tell about his life, and shares insights into what makes the Museum such a great institution.
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The F512 M is considered the Testarossa at its pinnacle, the last of Ferrari’s analog flat-12 supercars. After three decades, the car can still snap necks even while standing still. The F512 M continued the Testarossa / 512TR evolution, and Ferrari would make just 501 of this final version before sunsetting its flat-12 supercar series. Demand was high for the 75 cars sent to the U.S., and RM Sotheby’s Miami auction in December is offering #52, a two-owner model from the Youngtimer Collection with 10,200 miles. The pre-sale estimate is $400,000-$450,000.
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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.”