Lexus has announced that it will lease, rather than sell the 500 LFA supercars it intends to built in an effort to avoid speculators and resellers profiting off the car's rarity. Valued at $375,000, the LFA will be offered as a two-year lease, with Lexus actually owning the vehicle. It is not clear if the original leases will be able to re-lease the vehicle after the point.
Brian Smith, VP of sales at Lexus says the company wants people out driving the cars and not storing them in a museum or flipping them for an inflated profit.
In the past, automakers like Ferrari have made customers sign contracts saying that they would not sell a vehicle within one year of taking delivery.
The LFA is powered by a 552-hp 4.8-liter V10 engine. It can hit 62 mph in 3.7 seconds and tops out a 202 mph! Lexus says it will begin production of its first supercar in December of 2010 and vehicles will only be built once they are ordered.
More: Report: Lexus to Lease, Not Sell LFA Supercar to Avoid Speculators on AutoGuide.com