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including the legendary Pebble Beach Concours d’Elegance – remained “on hold” during 2020, the participation in online auctions has skyrocketed, and that trend is unlikely to lose momentum soon, according to Premier Financial Services, the nation’s leading provider of lease financing for exotic, vintage and collector cars.

classic car financing

Celebrating its 25th anniversary, the Amelia Island Concours d’Elegance in Florida stands as one of the finest collector-car events in North America. This year, auction houses include RM Sotheby’s, Gooding & Company and Bonhams, plus plenty of events from the Concours D’Elegance and Porsche Club of America.

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Headlined by the Boulton Collection, an unparalleled array of prewar cars and motoring antiques, Bonhams leads Amelia Island in automotive diversity. Their docket ranges from a Lamborghini Diablo VT to an assortment of brass era speedometers.

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In this Private Wealth magazine article, our CEO Mitch Katz explains why leasing should not be overlooked as a viable financing option for exotic and vintage cars, either by wealthy individuals or their financial advisors.

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Maybe there are some “Spinal Tap” fans at Porsche, because they took the 911 GT3, already the closest thing to a racecar in the 911 fleet, and pushed this road/track model to 11 to create the Porsche GT3 RS. RS, in Porsche-speak, is rennsport (racing). If you’re not yet a member of a track, the 911 GT3 RS is the car that may compel you to join.

Of Noregrets

In my professional capacity, I am often liked and trusted by people I trust and like, to assist them in making wise decisions on what car to buy or sell and when. The process always begins with a series of questions designed to determine what I feel is the most important criteria for buying or selling a car: “How will you use it?”

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Leasing has come to dominate the way people drive luxury vehicles today, and judging by television commercials, it’s a major tactic for “moving the metal” across the mainstream automotive spectrum, too. Lower monthly payments, compared to conventional financing, remain a key draw to leasing, along with the ease of switching vehicles every few years.

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Monday September 7th will bring a crowd of avid motorcar lovers to the Battersea Evolution for RM Sotheby’s latest auction. While the Premier team will not be in attendance for this London auction, we still follow what happens in the exotic, vintage and highline industry, near and far.