Rolls-Royce has become a symbol of all things wealth and luxury. From the royal family to music’s upper echelon, Rolls-Royce models are handcrafted for those who have a taste — and budget — for the bespoke. But that doesn’t mean prospective Rolls buyers need to offer up copious amounts of cash; the brand also offers financing and leasing options.
It does mean you’d be joining a small group. In 2017, the brand only accounted for about 0.1% of parent company BMW Group’s total vehicle production with only about 3,300 made. Buying or “commissioning” one of these rare vehicles is an experience. Let’s take a look at what it takes to finance a Rolls-Royce.
Rolls-Royce Motor Cars Financial Services, a division of BMW Financial Services, offers leases and financing for new and previously-owned vehicles in what it calls the Provenance program. Overall, the experience of buying — and financing — a Rolls-Royce might be altogether different than any car you’ve bought before.
With its emphasis on personalization, buyers interested in financing a Rolls-Royce will most likely start with a phone call to its concierge service or an in-person visit at a showroom though it may be possible to start the financing process with an online application.
We’re just going to say it: you probably won’t be seeing Rolls-Royce manufacturer’s deals or specials like you would with mass market brands. No promotions were offered at press time. However, you might be able to find specials through local dealers — we found examples of leasing specials at dealerships in Los Gatos, Calif. and West Palm Beach, Fla.
Where other manufacturers offer deep discounts and financing promotions to clear end-of-year inventory or less popular models, these are not business strategies for Rolls-Royce since it has such a limited inventory. Many of its cars are also highly regarded (and highly priced) even as a used vehicle. Prices for a new Rolls-Royce start well above $300,000 and stretch to nearly $600,000.
Even though the wealthy buyers who can afford a Rolls-Royce may be able to pay in full, there are several reasons you might be interested in financing your Rolls-Royce rather than buying it outright. By financing, you could put the capital that would have gone into purchasing your car toward other investments. Leasing could be an appealing option, especially if you’re not looking to keep your Rolls-Royce forever.
You may be able to apply for financing or leasing in-person at a Rolls-Royce showroom or online through the dealership from which you’re looking to buy. It’s worth noting that there aren’t quite as many Rolls-Royce dealers as you’d find with other brands. You might have to make a journey to find one. For example, one dealership near Seattle serves the Pacific Northwest region, including the states of Washington, Oregon, Montana and Idaho. But there are three within 50 miles of Los Angeles, and at least two in southern Florida. For the experience of financing and commissioning your car in person, it might be worth the trip.
Even if you think you want to finance a luxury car through Rolls-Royce, it’s always a good idea to compare rates. When looking to finance, getting pre-approved is a great way to save time when shopping. After you’re approved, you can start shopping without having to worry about the financing part of your buying. Get pre-approved to begin your Rolls-Royce experience.
Rolls-Royce offers leasing options on new and used vehicles. Though it’s difficult to find information at Rolls-Royce Motor Cars Financial Services, you may be able to find more through your local dealership. Leases for Rolls-Royce are closed-end leases, meaning there is no obligation to buy the vehicle at the end of your contract. Terms are typically 24 to 48 months. Again, as with buying, the best lease rates will most likely go to those with the best credit.
When you lease, you’re essentially agreeing to borrow a vehicle for so many months and miles. This said, you’re responsible for keeping your vehicle in good shape, as well as keeping its miles under the agreed-upon amount. If you go over, you could be held responsible and charged for the damages, as you’ll return the car (or buy it out) at the end of your lease.
Rolls-Royce mileage limits may be as low as 2,500 miles, significantly lower than other luxury brands. Exceed those limits and you may be charged a fee. Rolls-Royce does offer lease-end protection covering up to $7,500 worth of excess wear charges.
There may be other ways to finance your Rolls-Royce other than going through the dealership Oftentimes, finding financing for your new car can be done through a bank, credit union or online lender. You can apply for these loans either in-person or online, and then shop around to find the best auto loan rates available to you.
But when you’re looking to finance your Rolls-Royce purchase, you might find that a standard auto loan will not cover the cost of your vehicle. Many auto loans from traditional lenders like banks and credit unions are capped at $100,000. With models such as the Phantom and Ghost sedans, Wraith coupe, Dawn convertible, and more recently, the Cullinan crossover option, running in the hundreds of thousands of dollars, you’re going to need more cash than that in order to fully finance your new Rolls-Royce
Higher-limit auto finance companies, including Premier Financial Services and Putnam Leasing provide financing for higher-priced loans and leases. Putnam, for example, will help lease vehicles up to $1 million.
With many of its vehicles climbing into the $500,000 range, these vehicles aren’t for the budget-conscious. They’re almost entirely customizable, and offer tens of thousands of exterior colors, and many interior customizations like finishes, fabrics and more.
They’re all completely tailored to your specific aesthetic and preferences. Do you want to see your favorite constellation as your driver chauffeurs you to and fro? Or, maybe you’ve got something in mind you’d like to see embroidered into your unique silk or leather upholstery? Have a favorite wood or motif you would enjoy seeing every day? If so, the legendary craftsmen at Rolls-Royce are more than happy to indulge your imaginative tastes.
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