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You can now buy a McLaren 570S for £995 per month

McLaren is offering financial services for the first time, with a payment plan available for all of its models

McLaren 570S - front static

McLaren has today announced a new finance division, making their cars more accessible to a wider audience and allowing customers to pay for their cars using fixed monthly payments.

McLaren Financial Services will effectively rent you any new McLaren – from the entry-level 540C to the flagship P1 – as well as any McLaren Qualified pre-owned car, with optional final payments at the end of the lease term.

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That means if you stump up the £39,500 deposit, you can lease a McLaren 570S for £995 per month over three years. That doesn’t include the hefty £90,248 final payment though, meaning if you want to keep the car at the end you’ll pay £166,020 – or £22,770 more than if you bought the car outright from the start.

While buying a McLaren using fixed monthly payments is a new concept, it’s by no means the first supercar finance scheme. Ferrari offers its Premium Ownership Program, while Porsche Solutions claims to be ‘an affordable way to drive a new Porsche every two to three years.’

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Exact quotes for the new Ferrari 488 GTB are hard to come by, but Porsche will currently offer you a brand-new 911 Turbo S for £1,905 per month with a £30,000 deposit. The final payment is much smaller though, at £62,791. Porsche trumps McLaren’s 7.9 per cent representative APR, too, boasting just 6.4 per cent over three years.

Jolyon Nash, Executive Director, McLaren Global Sales and Marketing, said: “McLaren Financial Services is playing an integral part in the continuing growth plans for McLaren Automotive as a business.

“The Sports Series (540C and 570S), as the most attainable McLaren model to date, has opened the brand up to a new market and completely new customer demographic.”

Would you pay nearly £1,000 a month to own a supercar? Let us know below...

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Deputy editor

Richard has been part of the team for over a decade. During this time he has covered a huge amount of news and reviews for Auto Express, as well as being the face of Carbuyer and DrivingElectric on Youtube. In his current role as deputy editor, he is now responsible for keeping our content flowing and managing our team of talented writers.

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