Report: Lexus to Lease, Not Sell LFA Supercar to Avoid Speculators
Lexus has announced that it will lease, rather than sell the 500 LFA supercars it intends to built in an effort to avoid speculators and resellers profiting off the car’s rarity. Valued at $375,000, the LFA will be offered as a two-year lease, with Lexus actually owning the vehicle. It is not clear if the original leases will be able to re-lease the vehicle after the point.
Brian Smith, VP of sales at Lexus says the company wants people out driving the cars and not storing them in a museum or flipping them for an inflated profit.
In the past, automakers like Ferrari have made customers sign contracts saying that they would not sell a vehicle within one year of taking delivery.
The LFA is powered by a 552-hp 4.8-liter V10 engine. It can hit 62 mph in 3.7 seconds and tops out a 202 mph! Lexus says it will begin production of its first supercar in December of 2010 and vehicles will only be built once they are ordered.
GALLERY: Lexus LFA
[Source: Automotive News]
With AutoGuide from its launch, Colum previously acted as Editor-in-Chief of Modified Luxury & Exotics magazine where he became a certifiable car snob driving supercars like the Koenigsegg CCX and racing down the autobahn in anything over 500 hp. He has won numerous automotive journalism awards including the Best Video Journalism Award in 2014 and 2015 from the Automotive Journalists Association of Canada (AJAC). Colum founded Geared Content Studios, VerticalScope's in-house branded content division and works to find ways to integrate brands organically into content.
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