Penske Premium Leasing Info

Leasing at Penske Premium Leasing gives you smart options

As a leader in exotic and collector car leasing, Penske Premium Leasing is uniquely positioned to offer our customers maximum flexibility. You'll enjoy the ability to conserve your working capital, lower your monthly payments and maximize your tax advantages. Our sales professionals are poised to provide you with the comfort level that experience can offer.

Penske Premium Leasing can also give you options to change cars mid-lease with our "Substitution of Collateral" agreement.

We make it easy

At Penske Premium Leasing, we believe patience is overrated. That's why we do everything we can to get you into your car at your pace, quickly and conveniently. Should you find your car at a dealer, we'll quickly work out your leasing options. If you simply have a particular model in mind, we can help you locate it. And if you're headed to a classic or collector car auction, be sure to call Penske Premium Leasing first at 855-576-0244 or contact us with additional questions at We can prequalify you with no obligation - so when you raise the paddle, your funding is in place.

"Their performance has been great. That's why I keep going back."
A.B. of Daytona Beach, Florida

Their honesty, integrity and sincerity are unmatched."
A.K. of Brooklyn, New York

Choose the term that fits your life

When your open-end lease begins, a predetermined lease-end value for your car is agreed upon. Then you can choose a payment plan that ranges anywhere from 24 to 84 months. After that, all you have to do is enjoy your car!

When your lease expires, you have several options to choose from:

  • Pay the residual value and own your vehicle outright.
  • Sell the car, pay the residual value and any profit is yours to keep.
  • Trade your car in to a dealer and let them pay the residual amount. Whatever amount is left, you can keep or apply to a new lease.
  • Begin a new lease that finances the residual value of your car-this eliminates any cash outlay and allows you to continue enjoying your car.
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