Lexus USA changes leasing terms for the LF-A

When Lexus brought out their famed LF-A supercar last year it came with a big but; customers in the U.S. would only be allowed to lease the supercar on a two year contractual lease plan. What’s more, the total amount ($300,000) had to be paid upfront as part of Lexus’ 1Pay Lease Program. This was done so Lexus could ensure no one could purchase Toyota’s ultimate hypercar and resell it for a profit within that two year lease period. A big ouch for those wealthy opportunists.

Now, since that idea is pretty much ridiculous and controlling, Lexus US has changed the terms of the sale. They will now sell the car, but only after a contract has been signed by the buyer which stipulates that the dealer has the first right of refusal to buy back the LF-A if it is within the two year period. Still ridiculous and controlling, but a decent business move.

And just in case people try to outsmart Lexus and sell the car without the dealer’s knowledge, you better be quick to read the fine print. If this was the case and the customer got caught, the dealer has the right to be compensated for the difference between what the buyer originally paid for the car and what he sold it for. Oh, and, they also get legal fees. Have we said, "Ouch" in this article yet?

Now if only we can get those big banks and credit card companies to sign a deal similar to the one Lexus has drawn up, then maybe they wouldn’t be making a killing while the little people who have kept them in business suffer. We’re just saying...