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Lexus Presents LFA Lease Program

Lexus has finally announced the launch of its LFA payment system. A while ago, the car manufacturer said that clients will not be able to buy their first supercar, only lease it.

According to Lexus, each customer will have to pay a monthly lease of $12,398.44 for 24 months. That’s $297,562.56 worth of lease payments over two years, at the end of which you’re not the car’s owner. At the end of the lease, each customer will be able to pay an additional $93,750 and buy their LFA.

As the car will be built in a limited number, not everybody will be able to get one. You have to be selected by Lexus. Once you’ve been told you are the chosen one, you have 10 days to go to the dealer and pay a $10,000 deposit and submit to a credit check.

Once your credit checks out, you’ll have to go down there again and pay an additional $50,000 as a deposit. So that’s $60,000. Once you’re in the clear, you must know that all the LFAs will be sold through Lexus’ 1Pay Lease Program. This means that you’ll have to hand Lexus a check for $237,562.56 - the full amount of the lease minus your $60,000. And still, you’re not the owner.

Keep in mind that the lease payments do not include fees, sales tax, license, or title and 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. The lease is not transferable: customers will not be able to transfer the lease or vehicle to third parties.
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