Miami's MPH Club has launched a new partnership program for exotic car owners, the company announced.
Exotic car owners can give their car to MPH, and the agency will coordinate rentals, and the owner and the company will split the profits at the end of the month.
“If your Ferrari payment is $3,000 per month,” MPH Club’s David Sustiel said in a statement. “We can rent it out for you a few times that month and generate up to $10,000. That covers your car payment and gives you a profit.”
Sustiel adds this partnership program is the ideal solution to the problem of immediately depreciating exotic vehicle value. “The minute you drive your new Ferrari off the new car lot, it loses $50,000 in value. This way, you can make money from your exotic car.”
The partnership program is also for people who rent often, and an alternative for those considering purchasing an exotic vehicle. MPH has curated one of the nation’s largest collections of exotic cars, offering the newest models of luxury vehicles including Bugatti, Lamborghini, Ferrari, McLaren, Rolls Royce, Bentley, BMW, Mercedes Benz, Audi, Land Rover, Cadillac, and Jeep.
As the program grows, MPH will need more exotic vehicles in order to meet demand. The rental terms are as flexible as one-day rentals, in addition to renting by the week or by the month. The profit split with the vehicle owner is determined on a per vehicle basis.