Ally to offer leases for McLaren sports cars

Ally Financial is to start offering retail leases for luxury high performance sports car manufacturer McLaren Automotive North America, according to an agreement disclosed this week.

McLaren Automotive North America and Ally Financial have announced a new preferred financing relationship, which includes the availability of retail financing and competitive leasing options for McLaren’s two best-selling models, the McLaren 570S and 650S.

The two companies said they have worked together over several months to develop this bespoke program for what both are calling “the unique McLaren client base”. Retail financing and closed-end leases are available to qualified customers immediately throughout the entire US McLaren dealer network.

“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 US operations 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,” Joseph explained.

Sports series

The McLaren 570S Coupe is the first model launched in McLaren’s new Sports Series. Following its global debut at the New York International Auto Show in April 2015, the new model range marks the entry of McLaren into the luxury sports car market, introducing race-derived technologies and supercar performance in a package which is very much a pure McLaren, but at a sports car price point. With pricing starting at $184,900, the 570S Coupe is just now beginning to arrive at McLaren retailers across the US.

These closed-end lease programs from McLaren were developed in response to both customer and retailer demand, and to better compete in the performance car market, the companies said. Leases are available for the 2016 McLaren 570S Coupe starting from $2,200 per month.

McLaren said the competitive leases provide customers with certainty around the cost of driving by transferring the risk of depreciation away from the customer. They also offer convenience, where customers who have met all of their 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 US dealerships and providing long term value.”