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Can't afford to buy a US$3m Ferrari Enzo? Lease it instead

The highly customised process, with negotiable terms, is increasingly common, and there are tax benefits

Aston Martins at the Putnam showroom in Greenwich; Putnam and other exotic-car leasing companies offer open-ended leases which allows the lessee to end a lease early or extend it a few years.

New York

AS A boy, Bill Ceno dreamed of owning a Porsche. His parents bought him model cars. He obsessed over the 1960s cartoon Speed Racer. And in his spare time, he drew pictures of sports cars.

By age 24, he had bought the real thing: a 1978 Porsche 930 Turbo. It was 1985, and...