Putnam Leasing to process McLaren leases in the U.S.

Article by Anita Panait, on December 29, 2011

Stamford, Conn.-based Putnam Leasing will be handling leases for McLaren’s relaunch in the U.S. McLaren chose Putnam for the job because of the latter’s experience in handling leases for super-luxury and super-sports car, according Tony Joseph, director of McLaren's North American region. The company began its reentry in the U.S. in November by delivering the first of its MP4-12C super-sports car to its customers.

The company’s New York unit has nine U.S. dealers and one Canadian dealer. McLaren aims to peddle around 150 cars in 2012 and to reach annual sales of 700 units in North America, Joseph said. The MP4-12C is priced at around $231,400 at least, including freight.

Putnam offers customers a "lease-to-own" plan, in which they officially own their cars at the end of the lease. Putnam CEO Steven Posner said the concept is to keep the customers’ monthly payments lower so they can use their cash someplace else. Putnam also offers "substitution of collateral" leases, where a customer may drive another car and pay the same monthly dues.

McLaren Automotive commenced assembly of its first McLaren MP4-12C production car at its McLaren Technology Centre (MTC) General Assembly Hall in Woking, England on January 17, 2011, marking the final phases of the development of a range of lightweight, highly efficient and high-performance sports cars that are not only dynamic and visually stunning, but are also practical, safe and comfortable.

Following 20 years of experience in sports car design, engineering and production as well as overwhelming Formula One success, McLaren Automotive Chairman Ron Dennis disclosed plans for a line-up of technology-laden and customer-focused performance cars that could rewrite rules in the sports car world.

Its stunning expertise has allowed the automotive division of McLaren to build the McLaren F1 (1993-1998) and the Mercedes-Benz SLR McLaren (2003-2009), considered as the most critically acclaimed supercar and best-selling luxury supercar in world, respectively. Now, McLaren Automotive is looking forward to launching a new range of innovative sports cars.

Dennis quipped that it has been his dream to launch a range of high-performance sports cars that set new standards in the auto industry. He noted that by incorporating innovative technologies that McLaren has gained through its companies and by building on the carmaker’s almost 20 year-experience in designing and building cars, they are now all ready to open up this new chapter in McLaren's history. He added that this would also allow McLaren to play a role in the regeneration of high-tech manufacturing not only in the United Kingdom, but also globally.

Serving as the core of the new McLaren MP4-12C is the Carbon MonoCell, a strong and lightweight racing car engineering solution in a one-piece carbon fiber structure. The McLaren MP4-12C is the first car based on this Carbon MonoCell. Using this solution allowed the new McLaren MP4-12C to set new standards in terms of performance, handling and ride as well as in the areas of safety, practicality and economy.

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