Leasing in California?

[kbf1981]

I'm considering spending part of the month in the States, part over here. I was thinking it'd be quite cool to have an Aston in the States, being British and all....anyone know what lease rates are like over there for a V8V?

Everything seems so much better priced than over here. I've seen Circle Porsche offering 1.9% APR on their range, plus 0% APR on Corvette's etc...so it just makes sense to use it.

Anyone familiar with the US market and how it works?

[MogulBoy]

I don't have any experience of this but beleive that the US leasing market is quite sophisticated and there are websites, such as leasetrader.com where you can get into and out of leases as they say...

[keitheva]

I've never seen my local dealer offering leases on new Astons, but there are 3rd parties that offer leases on used cars (check out autotrader.com), or as the PP said, see if anyone currently with a leased Aston wants to get out of it (swapalease.com currently has just one Aston nationwide, but it happens to be in Palm Springs CA).

You will also need a good credit rating in the US.

Edited by keitheva on Monday 2nd August 20:00

[kbf1981]

keitheva said:

I've never seen my local dealer offering leases on new Astons, but there are 3rd parties that offer leases on used cars (check out autotrader.com), or as the PP said, see if anyone currently with a leased Aston wants to get out of it (swapalease.com currently has just one Aston nationwide, but it happens to be in Palm Springs CA).

You will also need a good credit rating in the US.

Edited by keitheva on Monday 2nd August 20:00

I have a fairly decent transaction history in the US, but physical addresses in the UK. Not sure what impact that'd have. I guess if you could put together a better deposit it'd all equal out.

I figured everyone leased in the US as that's what's mostly advertised, and also, leasing seemed a good (cheap) way to boost your credit score as a relatively new person to the country.

In the UK you'd be paying 8% APR on most thing....in the States I've seen 0%, 1.9% etc...so the market seems far more subsidised to hit volume targets.

How come they don't offer leases on new vehicles? I've seen one at Newport Beach for circa $2200 on a V8V...not sure on spec.

How do most people buy luxury cars in the US, same variety of ways as in the UK or more cash or more credit type market?

[Rye p]

A friend in Dallas is selling his 08 vantage dark gray with 10k at trade in value, if someone is interested PM me.

[keitheva]

[/quote]
I have a fairly decent transaction history in the US, but physical addresses in the UK. Not sure what impact that'd have. I guess if you could put together a better deposit it'd all equal out.

I figured everyone leased in the US as that's what's mostly advertised, and also, leasing seemed a good (cheap) way to boost your credit score as a relatively new person to the country.

In the UK you'd be paying 8% APR on most thing....in the States I've seen 0%, 1.9% etc...so the market seems far more subsidised to hit volume targets.

How come they don't offer leases on new vehicles? I've seen one at Newport Beach for circa $2200 on a V8V...not sure on spec.

How do most people buy luxury cars in the US, same variety of ways as in the UK or more cash or more credit type market?
[/quote]

Having a non-US residence address would not improve your credit-worthiness, but to what extent I don't know. I guess you also would not have a US drivers licence which probably wouldn't help much either.

It's certainly not the case that everybody in the US leases, from these stats it looks like about 20% of new vehicles were leased in 2008,

http://www.bts.gov/publications/national_transport...

Of course it could be that leases are more popular at the higher-end. On the other hand, manufacturers have taken a bath on leases in the recession since the residuals have generally been set too high, and many of them are now not offering such attractive lease terms as in the past.

The way to get a good credit rating is to get lots of credit, and then pay it all back on time. Of course, since getting lots of credit depends on first having a good credit rating, this is a "Catch 22" - welcome to the problem shared by everyone that moves to the US!

I don't know why my dealer doesn't offer leases - I guess they don't need to to shift inventory (doesn't mean no dealer does, as you have discovered).

[Speedraser]

I have no personal experience with them, but these are two exotic car leasing companies that seem to be well-known:

Putnam Leasing: http://www.putnamleasing.com/
Premier Financial Services: http://www.premierfinancialservices.com/about/