In some instances, it may make more sense for you to lease a supercar than to use supercar finance. You’ll need to base your decision on whether to buy or lease, based on your circumstances. How you plan to use the car, and your long-term ambitions will also define whether leasing makes sense.
You’ll find that leasing provides some advantages over financing in certain circumstances. For example, leasing is ideal if you want to change vehicles every two to three years. With a lease, you can access the latest supercars on the market continuously. At the end of the lease, you can simply hand back your vehicle and enter into a new agreement to enjoy using another car. Alternatively, you’ll also have the option to buy the vehicle and potentially sell it at a profit. In this way, it’s a cost-effective way to maintain a steady rotation of the best exotic and luxury cars available.
As an example, you can lease a Lamborghini Huracán for around £2,000 a month. You’d typically have to make a £16,000 down payment to enter into the lease agreement. However, you would be able to enjoy a new, top of the range sports car at a relatively low entry-level: £16,000 is a small price to pay to drive the perfect supercar. In total, you may spend £88,000 over three years before you hand the car back. That’s around half of the manufacturer’s price of £170,000.
Leasing can also help you to avoid the costs of ongoing maintenance, which can be costly for supercars. As a result, a lease can lower your cost of ownership.
Of course, leases have limitations. For example, you most likely cannot drive the vehicle more than 2,500 miles per year without incurring hefty extra mileage fees. For this reason, you’ll want to think carefully about how you will use the car and whether or not ownership is attractive to you vs leasing.