Lexus LFA will be available with leasing option only

Yes, at $375,000 the 2011 Lexus LFA is one expensive supercar; however, when the model goes on sale in January 2011, Lexus will only offer two-year leases, according to Brian Smith, vice president of sales and dealer development for Lexus division. That means Lexus will hang on to the vehicle’s title while you drive it around for two-years.

“If someone buys it the first month and then decides to sell it, that could be damaging for the ownership experience,” Smith told Automotive News. “If it is not controlled and hits the speculation market, all bets are off.”

Lexus has plans to build only 500 units of the LFA over a two-year period beginning in Dec. 2010. No vehicle will be built until it is ordered. Smith said Lexus wants each customer to pay about the same price for the LFA.

“We want people out driving the car and not just parking it in a museum or selling it at an inflated price,” he said.

The 2011 Lexus LFA will make its U.S. debut at the 2009 LA Auto Show next week.

Click here for more news on the Lexus LFA.

Refresher: Power for the Lexus LFA comes from a 4.8L V10 engine that makes 552-hp with a maximum torque of 354 lb-ft. Mated to a 6-speed Automated Sequential Gearbox, the LFA goes from 0-60 mph with a time of just 3.5 seconds and a top speed of 202 mph.

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– By: Omar Rana