LFA Leasing Figures: $12,400 Per Month (!)

As we have breathlessly covered over the last few months, a lot of hoopla has been made surrounding the LFA and its innovative (some say dumb) leasing program in the United States.

150 LFAs are destined for our shores, and not to just any owner with the cash, but to those handpicked by Lexus based on certain criteria. Now comes a scoop from Autoblog over the exact details of such a program. Take a deep breath and think hard; it gets complicated.

The lease for the LFA is over period of 24 months, for a $375,000 car. The mechanics behind the deal work out to a payment of $12,398.44 per month. Doing the math, that results in $297,562.56 over the period of the lease.

If you're an approved lessee you have 10 days to hand over a $10,000 deposit to Lexus, along with submitting to ac credit check. and submit to a credit check. Once that is approved and your credit is deemed as OK, there is yet another $50,000 deposit. Then, before delivery Lexus runs another credit check.

Still there? The LFA lease is through a Lexus lease program called the called a 1Pay Lease. That means, before you take delivery of the LFA, $237,562.56 is due - if you're counting, that would be the third check involved in this whole ordeal - for a car that is not yet yours.

At the end of the two year period, if you want to actually, you know, own the LFA - that will be an additional $93,750. And we just ran you through one of the most tortured lease programs we have ever seen - all for a car that is overpriced and overhyped. Still interested in more details? You can check out the entire order sheet rundown at Autoblog.