Exotic Car Ownership vs. Renting in Miami: A Fleet Manager Reveals the Hidden Costs

The Hidden Costs of Exotic Car Ownership vs. Renting: A Fleet Manager's Perspective By James Hernandez, Senior Fleet Manager at Monarc VIP with 15+ years of experience managing exotic vehicle fleets in South Florida. When that Ferrari 488 Spider roars past you on Collins Avenue, it's natural to think, "If I had the money, I'd buy one tomorrow." As someone who's managed Miami's premier exotic car fleet for over 15 years, I've seen countless clients make the transition from dreamer to owner—and surprisingly often, back to renter again. The truth about exotic car ownership in Miami is more complicated than most people realize. At Monarc , we regularly serve two distinct clientele: visitors looking for that perfect Miami experience, and local high-net-worth individuals who—despite having the means to purchase—choose to rent instead. Today, I'm pulling back the curtain on why so many of our wealthy clients find renting to be the smarter financial m...