• Mar 17th 2010 at 7:27PM
  • 89
Lease-only Lexus LFA – Click above for high-res image gallery

The rich are very different from you and we, now more than ever. First off, we don't have the mental fortitude for jumping through all of the hoops that Lexus is making potential LFA customers limbo beneath. Let alone the cash. Thing is, the rigamarole involved never mattered because Lexus is only making 500 examples of the LFA and we're simply not going to lose sleep over the process it takes to park one in our garage. However, a potential LFA owner sent us a copy of his order guide, and like any good train wreck, we can't look away. Also, remember, this info ain't intended for public consumption.

For your living-vicarious pleasure, here's how it works: As reported, you cannot buy Lexus' first ever supercar. You have to lease the mostly-carbon-fiber-and-unobtanium LFA. That's sort of good news for the non-disgustingly wealthy, right? After all, leases are the cheap and easy way to get into a new car. Are you sitting down? The monthly lease payment on the Lexus LFA is $12.398.44. For 24 months. That's $297,562.56 worth of lease payments over two years, at the end of which you own nothing. However, Lexus is quick to point out that the LFA's MSRP is $375,000, so you're technically not paying full price. And at the end of 24 months, lessees are free to plunk down an additional $93,750 (more than the base price of a very comparable Nissan GT-R, we should mention) and buy their LFA outright.

Of course, you can't just waltz into your local Lexus dealership with $12,398.44 and rocket waltz out in an LFA. Lexus has to actually select you to lease its (admittedly awesome) car. Once you're chosen, you've got 10 days to drop off a $10,000 deposit at your local Lexus dealer and submit to a credit check. We should mention that this will not be the only deposit and credit check Lexus requires.

Once your credit checks out, you then have to deposit an additional $50,000. To mini-recap, that's $60,000 down on a $375,000 car. Sounds reasonable (from a detached, algebraic ratio perspective) until you remember that you're not buying the car, just leasing it. All of this will be/is happening from March–June 2010. Production of the LFA doesn't start until December. We don't know how long each car will take to build, but customers lessees will be required to go through a second credit check immediately prior to delivery. We're not entirely sure you really want to pass the second credit check. Here's why.

Remember the $12,398.44 per month lease payment we mentioned a couple paragraphs up? That's just the breakdown. All LFAs are being doled out via Lexus' 1Pay Lease Program. Meaning that to lease the LFA, you hand Lexus a check for $237,562.56, which is the full amount of the lease minus your $60,000 pair of deposits. Oh, and there's a $700 "aquisition fee." Plus tax, title, license and registration. The good news? Even though you have to lease the LFA, because of the lengthy approval/deposit process, each car is still made to order. Meaning that even though you don't own the car, you can still order it in Passionate Pink, a $3,000 option. Make the jump to read the pricing guide.


Show full PR text
Lexus LFA Pricing Announcement

Lexus is pleased to announce the launch of the LFA, Lexus' first ever supercar that delivers world-class design, performance, and cutting edge technology.

A Race Car that is Street Legal A radical departure from standard Lexus development, a band of engineers approached the LFA from a non-traditional angle, pushing their technological, material, and engineering boundaries every step of the way. The result, a tour de force powered by a 4.8L V10 engine that generates 552 hp and a remarkable 9,000rpm redline. Reaching 60 mph in 3.6 seconds with a top speed over 200 mph = Super High Performance! This race-inspired power plant is mated to a uniquely developed six-speed Automated Sequential Gearbox (ASG) with paddle shifters for ultimate driver control.

Weight-saving measures were implemented in every area in the development process. The LFA features advanced Carbon Fiber Reinforced Plastic (CFRP) construction for its chassis and much of its bodywork to deliver a light, extremely strong, and impact-resistant structure. It also has carbon ceramic brake discs, and a host of other technological marvels.
Production and Pricing Start of production will begin December 2010. Consumers will be able to choose from three configurations at the Base MSRP price of $375,000.

⇒ Configuration 1
Leather or Alcantara seats and trim in three standard colors
⇒ Configuration 2
Configuration 1 plus Navigation & Mark Levinson
⇒ Configuration 3
Configuration 2 plus Lexus Enform™ with Safety Connect™, which provides Destination Assist, eDestination, Automatic Collision Notification, Stolen Vehicle Location and Enhanced Roadside Assistance; Lexus Insider™; Voice Command; XM® Satellite Radio, XM NavTraffic®, XM NavWeather™ and XM® Sports & Stocks (includes 2 years of XM & Telematics subscription fees).

Consumers will have a tremendous amount of customization opportunity with each LFA thanks to: Exterior
10 Standard Exterior colors that may be chosen at no additional cost
20 Special Exterior colors (Note: These require additional lead-time for the order/production cycle)
3 Wheel finishes*

1.⇒ 6 Brake Caliper colors*
Interior
3 Standard Interior colors in Leather or Alcantara
9 leather colors and 7 Alcantara colors*
An interior divided into multiple zones, each customizable by several colors, down to the stitching itself

*Please note: Some customization selections have additional costs. Please see Appendix for detailed information
Customer Notification

Customers will be notified within a March – June 2010 timeframe of their opportunity to order a Lexus LFA. Due to the limited production of the Lexus LFA of 500 cars globally, and customer response which has exceeded the number of available cars, it is possible that not all customers who expressed interest will have an opportunity to order a Lexus LFA.

Once customers are notified of their opportunity to order a car, they will have 10 business days to place a $10,000 deposit with, and submit a credit screening form to, their dealer. A customer must obtain credit approval in order to remain eligible to order an LFA. If the customer's credit has not been approved, the customer will not have the opportunity to order an LFA.

Once credit is approved, the customer will deposit an additional $50,000 with their selected dealer at the time they place the order for their car. A second credit approval immediately prior to the scheduled delivery date must also be obtained in order for the customer to take delivery of the LFA.

If you have any questions about the notification and/or ordering process, please contact [REDACTED].
LFA Lease Program is through Lexus dealer and Lexus Financial Services

All LFAs will be available only through a 1Pay 24 month lease via your Lexus dealer and Lexus Financial Services (LFS). You will have the option to purchase the Lexus LFA at lease maturity.

1Pay Lease Program for 24 months The LFA 1Pay Lease program is structured for you to prepay all monthly payments in a single payment at lease signing. In general, this single total lease payment is less than the amount you would pay over the life of a conventional lease.

How will the 1PAY lease work?

¾ Special reduced lease rate will apply.
¾ 24 monthly payments are calculated and collected in one lump sum (1PAY) at lease
inception. ¾ Any deposits made on the LFA will be applied to the 1PAY amount due
What will payments look like on a 1PAY lease?
Example:
MSRP:
$375,000
Term:
24 months
Monthly Payment x 24 = 1Pay Amount:
$12,398.44 x 24 = $297,562.56
Residual Value:
$93,750

Notes:


Rates used to calculate payments are for example purposes only and are subject to change and will vary depending on final price of the vehicle and credit qualification.

Lease payments do not include acquisition fee, sales tax, license, or title & registration fees.

A $700 acquisition fee is due at lease signing. A security deposit is not required.

The lease example above assumes a mileage limit of 15,000 miles/year.

LFS Lease FAQs

What is the credit application process?
The credit application process is a two-step process:
Step 1 – Complete a credit application which will be reviewed by your Lexus dealer and LFS at the
time the first deposit of $10,000 is placed with the dealer.
Step 2 – Upon vehicle arrival at the dealership, a second review of your credit prior to delivery of
the LFA.

Is there an acquisition fee due?
Yes, the standard acquisition fee of $700 will be due at lease inception.

Are there any additional fees due at lease signing?
Yes, all sales and/or use tax, license, title and registration fees are collected at lease inception.

How about Insurance coverage?
Customer is responsible to provide insurance coverage information to the dealer at lease
inception and maintain coverage throughout the lease term.

Can customers purchase the vehicle?
Per the terms of the lease agreement, at the end of 24 months (lease maturity), the customers may
purchase their vehicle for the purchase option amount listed on the agreement.

What happens if the customer wants to turn in their vehicle prior to the lease maturity date?
Per the terms of the lease agreement, the vehicle cannot be returned prior to the lease maturity
date.

Is the lease transferable?
No, during the term of the lease, customers will not be able to transfer the lease or vehicle to third
parties. However, in the event of a deceased consumer lessee, the consumer's estate will have the
option to transfer the lease to a qualified transferee.

Can I lease the vehicle in my business name?
Yes, you can elect to lease the vehicle in your business name.

If the customer does not purchase the vehicle at lease maturity, are they responsible for any
excess mileage, or wear & use charges?
Yes. Per the terms of the lease agreement, any mileage that exceeds the amount listed on the
lease agreement will be assessed a charge of 0.20 cents per mile for each mile that exceeds the
contract limit. In addition, the vehicle will be inspected for excessive wear & use and any resulting
charges are the customer's responsibility.

APPENDIX

Customers can choose between 3 configurations: All at $375,000 Base MSRP INTERIOR COLORS APPENDIX cont'd
Configuration 1
Leather or Alcantara Seats & Trim in three standard co lors
Configuration 2
Configuration 1 plus Navigatio n & Mark Levinson
Configuration 3
Configuration 2 pl us Lexus Enform with Safety Connect, which p rovi des Destination Assist, eDestination, Automatic Col lision Notification, Stolen Vehicle Location, and Enhanced Roadside Assistance; Lexus Insid er; Voice Command ; X M Satell ite Radio, XM NavTraffic, XM NavWeather, and XM Sp orts & Stocks (includes 2 years of Telematics subscription fees)

Exterior Colors

- 10 Basic Colors
No Cost
- 12 So lid Colors*
$3,000
- 7 Metallic Colors*
$3,0 00
- 1 Matte Color
$20 ,000
- Custo m Co lors
TBD
Wheels

- Painted
No Cost
- IS F Finish (Dark G raphite)
No Cost
- Polished
$2,500
Brake Caliper Colors

- Black, Red
No Cost
- Yello w, Blue, Silver, Gold
$1,000
Interior Colors

- Red, Black, Camel Yellow
No Cost
- Stitching (9 special colors)
$1,000
- Steering Grip (9 special colors)
$1,500
- Seat Front (9 special colors)
$2,50 0
- Seat Back ( 9 special colors)
$2,50 0
- I/P & Door (9 special colors)
$2,500
- Carpet (black, cream , red, camel yellow, blue)
No Cost
- Floor Mats (black, cream, red, camel yellow, blue)
No Cost
- Headliner (black, red, camel yell ow)
No Cost
- Metallic Ornamentatio n (satin silver or blackish brown)
No Cost
Seats & Trim

Alcantara Seats
No Cost
Alcantara Trim
No Cost
Headlamp Washer
$100
Winglets
$200

* Special Selection Colors will only b e available for LFA s produced from December 2011.


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    • 1 Second Ago
  • 89 Comments
      • 5 Years Ago
      *Waits on youtube for videos of spoiled rich ppl crashing one...*
      • 5 Years Ago
      I imagine this is similar to the types of agreements you see with many limited-edition supercars. Lexus's motivation for an agreement like this is quite simple: they don't want people buying this car and immediately selling it to some collector. They are selecting their clients quite carefully, I imagine, and this is the way they keep this instant second market from springing up. By structuring this sale as a pseudo-lease, you protect against this type of speculation.

      I'd bet that Lamborghini did something similar with the Reventon, and Aston Martin will likely do it with the One-77.
      Eric
      • 5 Years Ago
      Wow! I've just finished reading the comments and I'm just dumbfounded over here! Have you folks that keep bashing this masterpiece of an automobile don’t even known a damn thing about it from the sounds of things! It’s like some think 0-60 times are the ONLY thing that make a car great? Sure seems like it from reading most of these comments.

      The Lexus LSA is an incredible vehicle, being "LEXUS" doesn't change that! And in my opinion, the car looks extremely attractive, like a better looking GT-R in ways. A cars worth shouldn’t be based on “brand” and even how just how quickly it can run around “The Ring”. It’s the “experience” and the JOY you get driving the damn thing! It’s not “bragging rights” or “look at me I’m rolling in a lambo yo!” If it is, then I feel sorry for you.
      • 5 Years Ago
      @ Lhere , yeah , and they are losing money on each car. they still need to learn a lot.
      • 5 Years Ago
      Everything about this car is absurd. It's W-W-W-A-A-A-Y-Y-Y over priced for the performance (which is equaled or even bettered by some other, less costly cars) and now, this lease plan has got to be a joke. Toyota is making the LF-A a rolling cartoon of a serious super-car(!).
      • 5 Years Ago
      And how much is the functional braking option? A supercar is not so super if it wraps itself around a tree.
      • 5 Years Ago
      And some moron will pay it.
        • 5 Years Ago
        isn't there enough haters already? damn! Lexus already has more than 500 people waiting to get one. They have probably 3 times that amount. In europe the demand for this car was enough from one showing that they could sell all of the first year of production. That's just in europe. Not to mention it's home country of Japan which has all of it's LFA's already spoken for. The U.S. is the only place they introduced this lease agreement. Why? Because it's probably cheaper to buy in the U.S. than in any other country. Exchange rates are to blame for this. You wanna pay 40K+ for a focus? That's how much it costs in the U.K. Speculators will buy it up in the U.S. for 375K dollars. Then turn around and flip it for twice that price in the U.K. That's the reason the lease is placed on the U.S. probably because it's the cheapest to purchase over here.
        • 5 Years Ago
        "They aren't morons if they can afford $300k + cars."

        Not necessarily. I know a Mercedes salesman who leased an SLR to one of his regular customers. The cost of the 2-year lease greatly exceeded the MSRP of the car. This particular customer inherited his money and was going through it very quickly.
        • 5 Years Ago
        They aren't morons if they can afford $300k + cars.
        • 5 Years Ago
        @mact
        "They aren't morons if they can afford $300k + cars."

        your right, because no morons are born into rich families...
        • 5 Years Ago
        I would If I could. same way I'd buy a bugatti veyron or a pagani zonda.

        • 5 Years Ago
        Seriously. The car is simply not worth it. It may drive well, and it may be full of tech, but it's hideous, and it's a Lexus. I've hated anything Toyota's done all my life, and no pretentious Superyota (they couldn't even release it as a Supra... at least it would have a heritage...) is going to change that.

        If I could, sure I'd buy a Zonda, or a Gallardo LP560-4, but this? Not in the same league. Not even if it's faster, better equipped, or better built. It lacks the one thing that is fundamental to any supercar: Character.

        No marketing gimmickry (copied from Ferrari, I might add, except you got to keep your Enzo at the end of the day - and at least they have reason to select their customers) is going to make the sensible want this thing any more.

        Having said that, 500 idiots have already probably lined up to purchase this object of sheet metalled misery. Thankfully they are about .00000006 of our population, and not representative of human sensibility.
      • 5 Years Ago
      I just drove through Malibu Beach on the way home from Southern California and had a Black Audi R8 next to me for about ten miles. And I got to say that is one nice car to hear and see next to you all the way down PCH. It never got old to stare at it but this Lexus LFA ??? , I'm not getting the same feeling.Sad that I was drivimg my Lexus next to it.
      • 5 Years Ago
      There are 500 people worldwide rich enough that the terms of this purchase/lease/whatever are of no consequence to them. Like others have said, they just want something different than the same old Ferrari.

      Dumb? Maybe, but if you've got enough money that it's of no consequence, then it doesn't really matter.
        • 5 Years Ago
        There's a lot more than 500. There's probably a couple thousand retirees in Florida and Lord knows those people love themselves some Lexus action.
      • 5 Years Ago
      I would sure hate for the pedal to stick on THIS Lexus...
      • 5 Years Ago
      Looks like the perfect lease deal for our illustrious House and Senate leaders!
      • 5 Years Ago
      At that rate, they'll only get congressmen and women to lease it.
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