Lexus is trying to control the inflation that comes with launching a new exotic car, especially ones that are limited-production models. Exotic car speculators often drive up the price and usually end up destroying the marketplace. Lexus plans to only offer a two-year lease of the new supercar at a fixed price that has yet to be announced.

At the end of the term, leaseholders will have the opportunity to purchase the car outright, at that time the title would be released to the purchaser. As Lexus’ vice president of sales and dealer development Brian Smith tells it, his company wants “people out driving the car and not just parking it in a museum or selling it at an inflated price.”

Lexus will also train 15 LFA specialists that will be located at the company’s four regional outposts, and the automaker will also pay for dealers to receive the special tools and training that will service the vehicles. …click here to read more

If you enjoyed this post, feel free to subscribes to our rss feeds

Mercedes-Benz Auto Finance China (MBAFC) will become the first auto finance company to offer vehicle leasing in China. After entering the Chinese market with financing and insurance offerings in November 2005, MBAFC – a subsidiary of Berlin-based Daimler Financial Services AG – has now completed its product range by adding leasing to its services.

“We welcome the government’s decision to enable auto finance companies to offer leasing in China, as we believe this will have a positive impact on the Chinese vehicle market,” said Ulrich Walker, Chairman and CEO of Daimler Northeast Asia. “In this economic environment, we want to give consumers as many financial tools as possible to be able to drive a Mercedes-Benz, whether it’s a purchase, vehicle financing or leasing. While leasing is very new in China, we believe it has potential to grow over the mid-term, especially as consumers understand more about the flexible and attractive financing options.” …click here to read more

If you enjoyed this post, feel free to subscribes to our rss feeds