People who lease a car usually do so because it allows them to drive a newer vehicle for less money than it would cost to buy one.
many drivers make the mistake of not reading the fine print before
signing a contract, says Philip Reed, senior consumer advice editor at
"People make a lot of mistakes when setting up their
car leases and it can cost them a lot of money," he says. Here are five
common car-leasing mistakes that consumers should avoid.
The Maybach Exelero is a high-performance sports car built in 2004. The 700 hp four-seater powered by a twin turbo V12 is a one-off design created by Maybach-Motorenbau GmbH, upon the request of Fulda Tires, the German division of Goodyear.
In order to test a new generation of wide, high-performance tires, Fulda needed a car that can exceed the 217 mph mark over longer periods of time. It also wanted a lightweight chassis, one that must not weigh more than 1.6 tons.
Maybach had built a model to serve as a test car as early as the late 1930s. This partnership with Fulda was renewed in 2004. The end result was more remarkable: race car driver Klaus Ludwig drove the Exelero in 2005 and attained a speed of 218.38 mph – setting a new speed record for limousines using series-production tires.
The Exelero combines the silky-smooth power of a sports coupé with the elegance of a high-end limousine. It achieves a top speed of over 217 mph with the dimensions of a small van. Such speed was attained by installing a 6-cylinder engine with 140 hp and by an unusually low drag coefficient of cd = 0.25.
Maybach developed the model as a modern rendition of its epic streamlined sportscar from the 1930s. There are various references to the historical predecessor, which was also based on a powerful Maybach model – the SW 38.
The interior of the car is dominated by materials like natural leather, neoprene, high-sheen carbon-fiber surfaces, and coated perforated aluminium sheeting. The Exelero was purchased in 2011 by rapper Birdman for US$8 million. It was featured in Jay-Z’s music video for “Lost One”.