Steven Posner is the CEO of Putnam Leasing, based in Greenwich, Conn. Putnam specializes in providing open-ended leases for classic and exotic cars for customers who either don’t want to immediately buy a car outright, or who don’t want to get tied into a traditional lease agreement. Putnam has customers driving everything from classic Duesenbergs and Bugattis, to modern hyper cars from Ferrari, Porsche and other high-end names. Some of Putnam’s clients come straight from high-end auctions, such as Gooding & Co.
We recently when we caught up with Posner for “10 Questions.”
OLD CARS: Where did the business model for Putnam Leasing come from?
STEVEN POSNER: Putnam was started in 1983 by my partner, Richard Koppelman …. I came on in 1989 as a vice-president and maybe there were 100 cars on lease. Now there are probably 2,500 cars on lease. We have 30 employees and satellite offices in all the big areas, all the NFL superstar areas, West Coast, East Coast, Midwest and down south.
The nature of our business is we lease
