Lexus LFA- Discussion, Pictures & News (new colors gloss black, blue, yellow)
08-05-10, 01:05 PM
#2101
Lexus allowing outright purchase of LFA in U.S.
Lexus allowing outright purchase of LFA in U.S., demands right of first refusal if you try to sell it
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.
http://www.autoblog.com/2010/08/05/l...mands-right-o/
08-05-10, 01:42 PM
#2103
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RE: buy back stipulation
the car can stand on it's own merit: as delivered
whether it appreciates or not, no artficial aids are needed
let the market decide
this will hurt the car image rather than help it
when image goes- so does the value
and the other way around
sorry- wrong move
whether it appreciates or not, no artficial aids are needed
let the market decide
this will hurt the car image rather than help it
when image goes- so does the value
and the other way around
sorry- wrong move
08-05-10, 02:29 PM
#2104
Lexus allowing outright purchase of LFA in U.S., demands right of first refusal if you try to sell it
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.
http://www.autoblog.com/2010/08/05/l...mands-right-o/
My opinion is, Lexus is trying their best to keep the LFA in the hands of the most passionate buyers, not the people with the deepest pockets. We noticed this with the selection process and also the purchasing process, now with a full purchase option with dealer at first grabs to buy it back at market value. Honestly, in my view, this is score one for the good guys (and by that I mean people like Gengar, Dave600hL, s2000toIS350 and others who are great people who buy the LFA for the right reasons).
Last edited by G Star; 08-05-10 at 02:42 PM.
08-05-10, 02:52 PM
#2108
Lexus Fanatic
Lexus allowing outright purchase of LFA in U.S.
http://www.autoblog.com/2010/08/05/l...mands-right-o/
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.
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.
08-05-10, 06:11 PM
#2109
Lexus Test Driver
It's a repost but it never gets old - especially since I ordered mine in Pearl Blue. I admit I watch those two videos probably at least 2-3 times a week.
I got notice of new finance options almost exactly a month ago, but this is probably the first press report of it.
08-06-10, 01:49 AM
#2110
Lexus Test Driver
Join Date: Jan 2004
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Here is a red one i found. Toyoda himself is in it.
http://www.youtube.com/watch?v=EOVFQ...eature=related
http://www.youtube.com/watch?v=EOVFQ...eature=related
08-06-10, 07:28 AM
#2111
Lexus Test Driver
So you changed your mind and finally ordered the LFA after deciding to pull out.
More precisely, you made Lexus budge to your demands of buying the car outright rather that paying for the flimsy lease option.
More precisely, you made Lexus budge to your demands of buying the car outright rather that paying for the flimsy lease option.
