Video Lexus LF-A Commercial 480x280

We have reported before on the Lexus LF-A being leased by US owners. Over the past few days information has been unveiled giving insight into the leasing conditions. US customers have to place a desposit of $ 60,000 – $ 10,000 paid immediately after the car is bought and $ 50,000 after the first credit check. A second credit check is done afterwards. The total sum left of $ 237,562.56 will be paid in two years in a leasing construction. A final payment of $ 93,750 must be paid after the period.

Customers pay a total cost of $ 391,312.56 without any special options like the ones mentioned below. They can choose between three configurations:

  • Configuration 1: Leather or Alcantara Seats & 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 Telematics subscription fees)

There are ten basic colors included in the standard price. Twelve solid colors and seven metallic colors (costing $ 3,000) are only available for LFAs produced from December 2011. There is one matte color for $ 20,000.

Regarding the wheels you can get the painted version, IS F Finish (Dark Graphite) (both free of charge) and polished wheels for $ 2,500. The brake caliper colors black and red are free. Yellow, blue, silver and gold are $ 1,000 extra.

Interior colors available are red, black and camel yellow. Stitching in nine special colors is $ 1,000, steering grip in ninie special colors $ 1,500 and seat front in nine special colors is $ 2,500. Seat in the back in nine special colors and I/P & door in nine special colors costs the exact same amount; $ 2,500. Carpet in black, cream, red, camel yellow or blue is free of charge. For floor mats in black, cream, red, camel yellow or blue, headliner (black, red, camel yellow) and metallic ornamentation (satin silver or blackish brown) goes the same story.

Alcantara seats are free of charge and included in the package, same goes for the Alcantara trim. A headlamp washer system costs $ 100 extra and winglets $ 200.

More information regarding the complete lease setup can be found below:

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.

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?

Special reduced lease rate will apply. 24 monthly payments are calculated and collected in one lump sum (1PAY) at lease inception. 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.

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