Lease the Lexus LFA for $12,400 per month, $298,000 due at s
03-18-2010, 06:40 AM
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LEXUS LFA
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.
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.
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.
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.
03-18-2010, 06:52 AM
#2
Contributors
Wow that's nuts, while it seems like alotta work/trouble to get that car, people that are able to afford it probably just send they're secratary down to handle all the bullsh1t.
WTF are winglets? Hahaha
WTF are winglets? Hahaha
03-18-2010, 07:42 AM
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My Ride: 2008 550I LOADED, all options except HUD and NV
+10000 At that lease price when you do drive down the road thinking everyone thinks you're "cool" what they're really thinking is "what a shithead, paying that much and not even owning the friggin thing"
03-18-2010, 10:49 AM
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03-19-2010, 06:27 AM
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Let's be realistic here guys. When the LF-A was first talked about, I thought (as well as most I presume) that it would be a Nissan GT-R/Porsche 911/Audi R8 level car, i.e. one you could just walk into a dealership and plop down money for. I don't know what happened, but Toyota is clearly not targeting that market. With that price, and the limited run of 500 they're clearly targeting the "hyper car" market. It won't be wealthy doctors and lawyers buying these as a second car, it's more likely to end up being the super-rich buying these as the tenth, twentieth, thirtieth car in their collection.
Seriously, they're demanding $250K up front. The people who have the ability and the desire to drop that kind of money on a car look at our cars the way that we look at Civics and Cobalts. Many of these will just end up sitting in a garage somewhere being dusted off once a week by the help. I picture some dude in Dubai debating between spending the money on this car or on a swimming pool for his horses. Most of them will see the road maybe once or twice a year. A handful will actually be driven on a regular basis. According to wiki, there were 1270 Carrera GT's produced, the Mercedes SLR has a run of 500 per year. How many of those do you see parked at the mall?
Who knows how successful they'll be but that's what they're going for (IMO of course).
03-19-2010, 06:34 AM
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The fact is: Lexus is doing this simply to avoid the creation of a secondary market. They dont want people buying these cars and flipping them in the Dupont Registry or on ebay. Similar to the precautions Ferrari takes on the release of their new models. Ferrari just never took it to this extreme. This tactic will insure that a secondary market doesnt exist for a few years. As far as who will buy one, well who knows. I agree it wont be a Wall Streeter or a doctor or a lawyer looking for a sunday driver. More like someone just adding to their stable of cars. I bet Jay Leno will get one.