Thinking about branching out to a short term lease use of cars I have in stock...

Say a 90 day "summer term"

You pay shipping to and from my location

Pay a monthly fee

Have insurance with Cats Exotics named as an additional insured

Pay a per miles fee use

Return it with a full fluids service completed

AND if you want to purchase it after the 90 days...ALL funds paid toward the lease go towards the purchase of the vehicle

Any thought on this guys oh and gals as well..?

 

I think that's a great idea, only not the per miles charge. If you do it, you should allow a certain amount of miles per month and then charge for anything over. Maybe 500 miles/month allowed plus fee for extra. And the fact you would let all the lease $$ go towards purchase is a nice bonus.

 

I'm local. I'd be VERY interested in learning more about this!!!

 

So here is an example...using this car we have for sale currently


http://www.catsexotics.com/web/1317/...allardo-Spyder



Min requirments...ALL DECISIONS are final by Roy L. Cats..

1) Min credit score of 640 and above, averaged from all three major credit reporting systems

2) Min age 29 upon contract date

3) Only vaild in lower 48 USA States

4) Must own property, i.e. Home, Condo, raw land...something you have a mortgage on

5) Valid Driver license in the State you live in

6) Proper insurance to cover said vehicle

7) 90 DAY min term useage

8) Sales tax, registration and license fee's NOT included ( all states variy and we have to quote each seperate)

9) ALL standard lease requirments will apply, i.e. YOU pay for customer caused damage, accidents, etc etc...customer is responsible for day to day maintance of vehicle and shall be returned in like condtion as recieved, less standard wear and tear.


SO THIS CAR WILL COST YOU


$4277.24 per 30 days of use, (min 90 days) Day 1 begins when car leaves our lot.

425 miles per month FREE, cumaltive, over miles at $2.00 per mile

$7500.00 NON refundable deposite up front....WHICH will cover shipping to and from our shop to your loaction FREE SHIPPING

One time Bank fee set up account $895.00

SO out of pocket $12,672.24 WHICH covers first month payment, bank fees, shipping to and back.

At the end of 90 days, you may stay on a month to month up to month 12, no further.

At then end of 12 months, car comes back or you buy as listed below.

After 90 days you may return the car AT NO ADDITIONAL COSTS, FEE'S PENALTIES...ETC ETC..TO YOU what SO EVER!! Car must be returned with in 5 business days of 90 day end, or a full month fee applies.

If you decide to purchase the car AT ANYTIME, cost will be all you have paid and the remainder of the 12 months with a Residual of $100,000.00 which we can re-fi or re-lease or pay cash or whatever great idea someone else has...

OK WHO is first!! ??
Attached Images
Attached Images

 

Interesting concept.

What would happen if the car needs service?

 

Houston is doing great let me know if you need an area to store cars and inspect!!

 

so what's the deal with the short term lease? did you put this into action?

might be interested in doing a 90 day lease next year.

 

Yes, have sent 3 cars out on it so far..

 

nice. can you let me know the cars available and costs? do the cost vary per car or is the cost the same for all cars?

thnx

 

Dang it Roy... AGE DISCRIMINATION...

(J/K)

Sounds sweet. I wish I wasn't 25.

 

me too
no fair
current exotic ownership should bypass that clause

 

another question:

what if we're LOCAL and wish to drive the car to and from the shop, thus we don't need the delivery charges baked in? wouldn't that LOWER the cost per month by about $1,000.00 given the shipping charge of $1,500 each way, under normal circumstances?

 

Roy, what do you use to define "normail vehicle wear and tear". I have had some questions about this and I think you could be setting yourself up if you do not have tis defined in the contract...

Whats with the age discrimination? Some of the worst drivers I know are over 30. I agree 17 year olds should drive rented lambos, but with your collateral requests and such, shouldnt you be covered???

 

pls pm me with some info looking 6-12 months short term lease gallardo thanks.

 

Good concept, funny thing is out of all the exotic owners I personally know, only a handful are over 30. You forget this is America