Luxury Vehicle Lessor Finds Small Percent of Its Borrowers Go Full Term | Auto Finance News | Auto Finance News

Luxury Vehicle Lessor Finds Small Percent of Its Borrowers Go Full Term

Premier Financial Services

Premier Financial Services — a finance company that specializes in leasing luxury, exotic vehicles to consumers — found that a “very small percentage” of its lessees go full term, Mitch Katz, the company’s chief executive and founder, told Auto Finance News.

Consumers can sign up to lease an exotic vehicle through Premier Financial Services’ website to find their optimal vehicle and deal. “Typically, most of our leases are 60 months and by the end of 36 months, about 70% have been paid off,” Katz said. “By 60 months, it’s probably about 10% that have gone full term.”

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