Lexus has decided to sell its LFA supercar outright in the US, rather than lease to customers

American buyers can now purchase the Lexus LFA supercar outright, but only if they allow the dealer first right of refusal if they want to sell within the first two years.

Lexus had previously only planned to allow US customers to lease the 200mph supercar to prevent buyers from keeping their LFAs as unused museum pieces, waiting to appreciate in value.

Read more about the lease scheme in the US

It was also designed to fend off speculators buying the car and then selling it on almost immediately for a large profit.

Lexus is now offering the LFA for outright sale, but the owner has to sign an agreement giving the dealer the option to buy back the used LFA at either market value or at the original ‘as new’ price.

Read Autocar’s first drive of the Lexus LFA, plus see pics

If the owner sells the car within two years of purchase without giving the dealer that option, the owner must pay the difference between what the buyer originally paid for the car and what they sold it for, plus any legal fees.

Previously Lexus said after the two-year lease period had expired, the customer would be able to purchase their LFA for the outstanding amount, less leasing costs.

Read more about the Lexus LFA supercar

Watch the video tour of the Lexus LFA

Lexus’s US vice president for sales Brian Smith said last year that speculators buying and selling LFAs would be “damaging the ownership experience”.

“If someone buys it in the first month and then decides to sell it, that could be damaging for the ownership experience,” he added.

“If it is not controlled and hits the speculation market, all bets are off. We want people out driving the car and not parking it in a museum or selling it at an inflated price.”

The original two-year lease cost $300,000 (£187,950) and had to be paid up-front rather than in monthly instalments.

See all the latest Lexus reviews, news and video

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Comments
22

R32

10 August 2010

I wonder why the U-turn for Lexus USA? Perhaps the realisation that customers are not beating a path to their door to buy one of these grossly overpriced cars. One would suspect Lexus are now just seeking to shift units full stop and that's why they've backed down from their hairbrained leasing scheme.

It's still pretty arrogant of them too to try to control what an owner does with his or her car once they've taken delivery of it. Given the hugely inflated list price Lexus have already placed on the car, how much more over "list price" do they expect people to pay for it? A distinct case of trying to create buzz and hype in order to sell the car, it looks to have backfired a bit.

10 August 2010

Saw one of these last week being driven through a village. It looked a lot different in the metal to the images. Very nice looking car. Much smaller than I imagined.

10 August 2010

waiting to appreciate in value.

Has anyone ever seen a Japanese Car appreciate in value?

This whole story sounds like a PR company's attempt to make the car exclusive....it's still an Xbox compared to a much more desirable 911 GT3 RS


if it's heavy, it ain't happenin' 

10 August 2010

[quote Lotus Man]Has anyone ever seen a Japanese Car appreciate in value?[/quote]

Datsun 240Z

Price when new: £2,288

Price now:

Excellent: £12,000

Good: £9,000

Average: £5,000

Source.

Would you like to me to list any more Japanese cars that have appreciated in value, or is that enough to be getting on with?

[quote Lotus Man]it's still an Xbox compared to a much more desirable 911 GT3 RS [/quote] Desirability is a very subjective term. Me? I'd take an exclusive LF-A over a boring Porsche anytime.

10 August 2010

[quote Dan McNeil v2]

Saw one of these last week being driven through a village. It looked a lot different in the metal to the images. Very nice looking car. Much smaller than I imagined.[/quote]
These cars don't go into production until December.... Soooo unless it was a test mule or a modded Supra.....

10 August 2010

[quote Dan McNeil v2][quote Lotus Man]Has anyone ever seen a Japanese Car appreciate in value?[/quote]

Datsun 240Z

Price when new: £2,288

Price now:

Excellent: £12,000

Good: £9,000

Average: £5,000

Source.

Would you like to me to list any more Japanese cars that have appreciated in value, or is that enough to be getting on with?

[quote Lotus Man]it's still an Xbox compared to a much more desirable 911 GT3 RS [/quote] Desirability is a very subjective term. Me? I'd take an exclusive LF-A over a boring Porsche anytime.[/quote] Factor in 30 or more years of inflation and those figures are not quite as impressive as they first seem.

10 August 2010

[quote Lesia44][quote Dan McNeil v2][quote Lotus Man]Has anyone ever seen a Japanese Car appreciate in value?[/quote]

Datsun 240Z

Price when new: £2,288

Price now:

Excellent: £12,000

Good: £9,000

Average: £5,000

Source.

Would you like to me to list any more Japanese cars that have appreciated in value, or is that enough to be getting on with?

[quote Lotus Man]it's still an Xbox compared to a much more desirable 911 GT3 RS [/quote] Desirability is a very subjective term. Me? I'd take an exclusive LF-A over a boring Porsche anytime.[/quote] Factor in 30 or more years of inflation and those figures are not quite as impressive as they first seem.[/quote] True, but I was directly engaging the simplistic (not to mention incorrect assertion) of the Lotus Man, not addressing an Economic Symposium.

10 August 2010

[quote Dan McNeil v2][quote Lesia44][quote Dan McNeil v2][quote Lotus Man]Has anyone ever seen a Japanese Car appreciate in value?[/quote]

Datsun 240Z

Price when new: £2,288

Price now:

Excellent: £12,000

Good: £9,000

Average: £5,000

Source.

Would you like to me to list any more Japanese cars that have appreciated in value, or is that enough to be getting on with?

[quote Lotus Man]it's still an Xbox compared to a much more desirable 911 GT3 RS [/quote] Desirability is a very subjective term. Me? I'd take an exclusive LF-A over a boring Porsche anytime.[/quote] Factor in 30 or more years of inflation and those figures are not quite as impressive as they first seem.[/quote] True, but I was directly engaging the simplistic (not to mention incorrect assertion) of the Lotus Man, not addressing an Economic Symposium.[/quote] :-)

10 August 2010

[quote bigsipt]

[quote Dan McNeil v2]

Saw one of these last week being driven through a village. It looked a lot different in the metal to the images. Very nice looking car. Much smaller than I imagined.[/quote]
These cars don't go into production until December.... Soooo unless it was a test mule or a modded Supra.....
[/quote]

Looked like an LFA and had a V10 sound. Driven by a guy in a suit and tie. I've written to Lexus UK to say where and when I saw it, and to ask if it could it have been one. I'll post the reply when I receive it. If I'm wrong, I'll say so. Oh, if you're implying with I'm making it up, well, you wouldn't be the first to do that.

Never call McNeil's bluff though, that's what people always remember about me;)

LOL;)

10 August 2010

Why do they think that this hideous, grossly over-priced monstrosity would appreciate in price?

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