
2 Comments November 23, 2009
Greasy Lease
Lexus will hold the title of their LFA for two years prior to buyer’s outright purchase.
Reports are coming in about Lexus “leasing” and not selling the car outright to buyers. Lexus wants the car driven, not on auction blocks sold for stupid amounts of money. The word is that, “customers will arrive at a private deal with the company about how much they’re going to pay and when (always totaling the identical total price), then the company will turn over the title after two years.”
Brian Smith, vice president of sales and dealer development for Lexus said in a press release, “If someone buys it the first month and then decides to sell it, that could be damaging for the ownership experience.” Adding, “If it is not controlled and hits the speculation market, all bets are off…We want people out driving the car and not just parking it in a museum or selling it at an inflated price.”
Arrogant? Meh, not really. In today’s world it’d be easy to buy an LFA and flip it for an insane profit. The car shouldn’t be locked in a container awaiting delivery, nor should a title change hands a dozen times before the car has a chance to be pinned at redline.
(Source: Autoweek, Jalopnik)
This entry was posted on Monday, November 23rd, 2009 at 1:16 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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2 Responses to “Greasy Lease”
11.24.09 at 4:38 pm
tigerstrypes says:
Didn’t Nissan do the same thing with their GT-Rs? Also, in your mag there was a question to define a supercar in our own words. Where do we do that?
11.24.09 at 6:01 pm
Crenshaw says:
@ Tigerstrypes send an email to 0-60@harris-pub.com