Good news, lease-phobes: you can now acquire a brand-new 2011 Lexus LFA sports car without being tied to the automaker's lease program.
Lexus representatives confirmed with us this afternoon that there are now three means of acquiring a brand-new LFA. In addition to Lexus' 24-month, 1Pay lease program, buyers can also obtain retail financing for the $375,000 supercar, or purchase the vehicle outright. Those last two options were reportedly added at the end of June in response to customers seeking some flexibility in acquiring an LFA. That said, both options carry a legal caveat: if the owner decides to sell, re-lease, or transfer ownership of the car within two years of delivery, they must give the original Lexus dealer first refusal to re-acquire the vehicle. We're not too surprised to see such a rider attached to the purchase plan. After all, Lexus' original idea for the LFA was to initially lease it to select customers for two years, allowing the automaker to curb speculation and third-party markup for used LFAs. Brian Smith, Lexus' vice president of sales, once said the brand wanted people out driving the car and not just "parking it in a museum or selling it at an inflated price." Sounds fine to us -- we'd love to see owners exercising the sweet 4.8-liter, 552-horsepower V-10 out on the open road or track, just as Toyota's engineers intended.