• Aug 5th 2010 at 12:32PM
  • Add
Lexus LFA – Click above for high-res image gallery

Shortly after the LFA supercar was unveiled last fall, Lexus announced that it would only be available to lease in the U.S. Toyota's intent was to drive speculators out of the market for its $375,000 supercar by forcing owners to hold onto the car for at least two years. Once the lease was up, customers would then have the option to buy the car outright. That two-year lease, by the way, costs the princely sum of nearly $300,000, which Lexus wants upfront as part of its 1Pay Lease Program rather than in monthly installments.

Lexus has apparently had a slight change of heart. According to a letter delivered to Autoblog by an LFA intender (see below in gallery), American customers will now be able to buy the LFA outright, but only on the condition that they sign an agreement giving the dealer first right of refusal to buy back the LFA if the owner wants to sell it within the first two years. The dealer will have the option to buy back the used LFA for either fair market value or the original sticker price, whichever is lower.

What happens if an owner sells the LFA within two years having not given the dealer the chance to buy it back first? The dealer is owed the difference between what the buyer originally paid for the car and what he sold it for, plus any legal fees. So whether you decide to lease or buy the LFA, Toyota is going to considerable lengths to ensure that no speculators will make a profit on reselling the LFA during the first two years.

Though 99.9 percent of Autoblog readers are most likely not in the market for an LFA, we're still curious if Toyota's tactics strike you as fair or would deter you from handing over your inheritance for a car that comes with strings attached, so have your say in Comments.

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • 2015 Toyota Highlander
    MSRP: $29,765 - $44,140
    2015 Honda Accord
    MSRP: $22,105 - $33,630
    2015 Toyota Corolla
    MSRP: $16,950 - $22,955
    2015 Mazda Mazda3
    MSRP: $16,945 - $25,545
    2015 Jeep Grand Cherokee
    MSRP: $29,995 - $64,895
    Share This Photo X