Ally to Offer Leasing on Select McLaren Models
January 04, 2016
NEW YORK — McLaren Automotive North America and Ally Financial have announced a new preferred financing relationship that will give customers a new way of buying certain McLaren models. Qualified customers in the United States looking to buy a new McLaren 570S or 650S will now have the option of financing or leasing the vehicles, according to the company.
The McLaren 570S Coupe is priced at $184,900 and is the first model in the company’s new line of Sports Series vehicles. It made its global debut at the New York International Auto Show in April 2015 and is just now arriving at U.S. retailers. The 650S is part of McLaren’s Super Series and starts at $269,500.
“We are thrilled to announce the addition of leasing to our purchasing options, and fulfill what has been a regular request from our customers and dealers since we first set up U.S. operation in 2011. Ally Financial has been a wonderful partner to develop this bespoke program with, and we are excited to launch it today,” said Anthony Joseph, president of McLaren North America. “The availability of leasing comes at a critical time for McLaren as we begin to deliver the 570S Coupe, which enters a segment where lease availability is critical to car sales.”
The close-ended lease programs were a response to customer and retailer demand, and to better compete in the performance car market, according to McLaren.
The company states that the leases will transfer the risk of depreciation away from the customer. The company added that leases also offer convenience, as customers who meet all lease obligations can simply turn their car back in at the end of the leasing term.
“We are pleased to be launching this program with McLaren and supporting one of the world’s premiere luxury brands,” said Tim Russi, president of Auto Finance at Ally Financial. “We look forward to establishing and building strong relationships with McLaren’s network of U.S. dealerships and providing long term value.”