More Details on Lexus Complete Lease Program

Posted by Kevin on October 16th, 2018

More details about the upcoming Lexus Complete Lease program have been released — from Automotive News:

The Lexus Complete Lease, announced last month, is a two-year, 20,000-mile lease program for the UX that includes insurance, maintenance, tire-and-wheel protection and telematics services in one payment. The add-ons have fixed prices, but Lexus said the overall monthly price will be set by dealers in the selected markets.

“For us, it’s really important that the dealers are the ones, front and center, to work with the customer because that’s where the relationship exists,” said Cynthia Tenhouse, Lexus general manager of product and consumer marketing.

Lexus Complete Lease is aimed at first-time luxury buyers looking for a simple payment structure and a short-term commitment. Initially, the program will be limited to one metropolitan area in each major US region: Los Angeles, Boston, Chicago, and Miami.

Lexus UX: First GenerationUSA
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Comments
S
GTG
I believe that 350 to 400 would be the right area Lexus would need to be with this subscription. If it was 500 max, then okay . The Volvo XC 40 is a bigger vehicle than the UX . Thats why my variation is lower than 600 to 700 which is the cost of the XC40 . At the time the UX comes out , it will be a top seller because of December. You are right there will be more changes to come to the subscription service or services. The December to remember sale will also come with incentives. XC40 subscription service has zero down , if Lexus adopted this with a lower price , there winning. I live in New York City and more for less is big here especially when the price for something is less than 500 then it really becomes affordable here, plus it would fit anywhere you park it . 11 million people live in this city and about 6 million have a license just in the city . Every thing cost more here , so a flat and low free , oh fee, that Newyorkers or any other major city can get with out paying an arm and a leg in insurance would be great . I have seen some people’s car insurance here and it is out of this world .
It is not going to be cheaper than Volvo that costs about the same. It is not going to be cheaper than you getting a great lease deal and good insurance deal on your own.

Otherwise they would not be doing it... it is an value added service.
S
GTG
I believe that 350 to 400 would be the right area Lexus would need to be with this subscription. If it was 500 max, then okay . The Volvo XC 40 is a bigger vehicle than the UX . Thats why my variation is lower than 600 to 700 which is the cost of the XC40 . At the time the UX comes out , it will be a top seller because of December. You are right there will be more changes to come to the subscription service or services. The December to remember sale will also come with incentives. XC40 subscription service has zero down , if Lexus adopted this with a lower price , there winning. I live in New York City and more for less is big here especially when the price for something is less than 500 then it really becomes affordable here, plus it would fit anywhere you park it . 11 million people live in this city and about 6 million have a license just in the city . Every thing cost more here , so a flat and low free , oh fee, that Newyorkers or any other major city can get with out paying an arm and a leg in insurance would be great . I have seen some people’s car insurance here and it is out of this world .
It is not going to be cheaper than Volvo that costs about the same. It is not going to be cheaper than you getting a great lease deal and good insurance deal on your own.

Otherwise they would not be doing it... it is an value added service.
T
spwolf
It is not going to be cheaper than Volvo that costs about the same. It is not going to be cheaper than you getting a great lease deal and good insurance deal on your own.

Otherwise they would not be doing it... it is an value added service.
Agreed, with the only caveat being that the insurance portion of it might end up being cheaper if you live in an area with extraordinarily high insurance rates. There’s nothing to say that they may not offer the program in such cases either. At the end of the day, it’s really just a modified take on leasing. They still have to cover any costs of depreciation and make sure there’s plenty of profit built in. If it’s anything like Volvo as well, you don’t really get a chance to negotiate on price.
T
spwolf
It is not going to be cheaper than Volvo that costs about the same. It is not going to be cheaper than you getting a great lease deal and good insurance deal on your own.

Otherwise they would not be doing it... it is an value added service.
Agreed, with the only caveat being that the insurance portion of it might end up being cheaper if you live in an area with extraordinarily high insurance rates. There’s nothing to say that they may not offer the program in such cases either. At the end of the day, it’s really just a modified take on leasing. They still have to cover any costs of depreciation and make sure there’s plenty of profit built in. If it’s anything like Volvo as well, you don’t really get a chance to negotiate on price.
T
spwolf
It is not going to be cheaper than Volvo that costs about the same. It is not going to be cheaper than you getting a great lease deal and good insurance deal on your own.

Otherwise they would not be doing it... it is an value added service.
Agreed, with the only caveat being that the insurance portion of it might end up being cheaper if you live in an area with extraordinarily high insurance rates. There’s nothing to say that they may not offer the program in such cases either. At the end of the day, it’s really just a modified take on leasing. They still have to cover any costs of depreciation and make sure there’s plenty of profit built in. If it’s anything like Volvo as well, you don’t really get a chance to negotiate on price.
krew
More on the Lexus UX Subscription Service Planned for USA

[​IMG]

Lexus also predicts 20k UX sales a year in the USA.
View the original article post
krew
More on the Lexus UX Subscription Service Planned for USA

[​IMG]

Lexus also predicts 20k UX sales a year in the USA.
View the original article post
krew
More on the Lexus UX Subscription Service Planned for USA

[​IMG]

Lexus also predicts 20k UX sales a year in the USA.
View the original article post
zeusus
And of course 20k UX projection is super conservative. Could the UX put Lexus to #1?

For the Lexus subscription model, makes a ton of sense to get more customer satisfaction style usage out of the cars already being loaner'd out anyways. Most people getting this plan, I assume is going to be young since thats who they are targeting (the sharing economy).

Thoughts?
zeusus
And of course 20k UX projection is super conservative. Could the UX put Lexus to #1?

For the Lexus subscription model, makes a ton of sense to get more customer satisfaction style usage out of the cars already being loaner'd out anyways. Most people getting this plan, I assume is going to be young since thats who they are targeting (the sharing economy).

Thoughts?
zeusus
And of course 20k UX projection is super conservative. Could the UX put Lexus to #1?

For the Lexus subscription model, makes a ton of sense to get more customer satisfaction style usage out of the cars already being loaner'd out anyways. Most people getting this plan, I assume is going to be young since thats who they are targeting (the sharing economy).

Thoughts?
GTG
  • GTG
    GTG
  • April 10, 2018
I saw someone say the NX is cheaper than the XC40 , no it’s not on a lease . The lease price is different from what I was talking about . The price that I was talking about was including full coverage insurance for the subscription . Let’s remember that no money down is savings and that could be what you pay for the car for a year so you are already saving money . Leasing only saves money if your credit is 760 to 800 and whatever, so your down payment is less added with a relationship with the brand and time of year with the model you want . It would be less hassle to do a subscription but you still need good credit .
GTG
  • GTG
    GTG
  • April 10, 2018
I saw someone say the NX is cheaper than the XC40 , no it’s not on a lease . The lease price is different from what I was talking about . The price that I was talking about was including full coverage insurance for the subscription . Let’s remember that no money down is savings and that could be what you pay for the car for a year so you are already saving money . Leasing only saves money if your credit is 760 to 800 and whatever, so your down payment is less added with a relationship with the brand and time of year with the model you want . It would be less hassle to do a subscription but you still need good credit .
GTG
  • GTG
    GTG
  • April 10, 2018
I saw someone say the NX is cheaper than the XC40 , no it’s not on a lease . The lease price is different from what I was talking about . The price that I was talking about was including full coverage insurance for the subscription . Let’s remember that no money down is savings and that could be what you pay for the car for a year so you are already saving money . Leasing only saves money if your credit is 760 to 800 and whatever, so your down payment is less added with a relationship with the brand and time of year with the model you want . It would be less hassle to do a subscription but you still need good credit .
krew
  • krew
    krew
  • September 14, 2018
krew

Lexus Complete Lease Program to Debut with UX Crossover
[​IMG]

Insurance, maintenance included.
View the original article post
krew
  • krew
    krew
  • September 14, 2018
krew

Lexus Complete Lease Program to Debut with UX Crossover
[​IMG]

Insurance, maintenance included.
View the original article post
krew
  • krew
    krew
  • September 14, 2018
krew

Lexus Complete Lease Program to Debut with UX Crossover
[​IMG]

Insurance, maintenance included.
View the original article post
T
Insurance, maintenance included.
Now that's intriguing. I love the idea of simplicity with everything included, but of course I fear the price premium.
T
Insurance, maintenance included.
Now that's intriguing. I love the idea of simplicity with everything included, but of course I fear the price premium.
T
Insurance, maintenance included.
Now that's intriguing. I love the idea of simplicity with everything included, but of course I fear the price premium.
zeusus
TheNerdyPotato
Now that's intriguing. I love the idea of simplicity with everything included, but of course I fear the price premium.
The insurance aspect is most interesting, Lexus could get corporate mass association pricing.

It would be even better if they broke down the various costs in the "Lexus Complete Lease" price so people could find out if they're saving anything over their own insurance.

They are definitely on the right track, giving people flexibility in the time of their lease so they don't have to commit too hard on the UX and keeping all maint. in house so the residual has a better shot. Everyone wins.
zeusus
TheNerdyPotato
Now that's intriguing. I love the idea of simplicity with everything included, but of course I fear the price premium.
The insurance aspect is most interesting, Lexus could get corporate mass association pricing.

It would be even better if they broke down the various costs in the "Lexus Complete Lease" price so people could find out if they're saving anything over their own insurance.

They are definitely on the right track, giving people flexibility in the time of their lease so they don't have to commit too hard on the UX and keeping all maint. in house so the residual has a better shot. Everyone wins.
zeusus
TheNerdyPotato
Now that's intriguing. I love the idea of simplicity with everything included, but of course I fear the price premium.
The insurance aspect is most interesting, Lexus could get corporate mass association pricing.

It would be even better if they broke down the various costs in the "Lexus Complete Lease" price so people could find out if they're saving anything over their own insurance.

They are definitely on the right track, giving people flexibility in the time of their lease so they don't have to commit too hard on the UX and keeping all maint. in house so the residual has a better shot. Everyone wins.
M
20k miles is nothing really.
M
20k miles is nothing really.
M
20k miles is nothing really.
Joaquin Ruhi
mediumhot
20k miles is nothing really.
Agreed. 10k miles/year is definitely on the low end.

Interesting that the rumored UX-based subscription program (most closely resembling Volvo's XC40 offering) morphed into an insurance-inclusive 2-year lease with a couple of additional oil changes thrown in. (Free 5000 and 10,000-mile oil changes are already included on all new Lexus vehicles in the U.S., so this just adds the broader 15,000-mile maintenance and 20,000-mile oil change to what the Complete Lease includes).
Joaquin Ruhi
mediumhot
20k miles is nothing really.
Agreed. 10k miles/year is definitely on the low end.

Interesting that the rumored UX-based subscription program (most closely resembling Volvo's XC40 offering) morphed into an insurance-inclusive 2-year lease with a couple of additional oil changes thrown in. (Free 5000 and 10,000-mile oil changes are already included on all new Lexus vehicles in the U.S., so this just adds the broader 15,000-mile maintenance and 20,000-mile oil change to what the Complete Lease includes).
Joaquin Ruhi
mediumhot
20k miles is nothing really.
Agreed. 10k miles/year is definitely on the low end.

Interesting that the rumored UX-based subscription program (most closely resembling Volvo's XC40 offering) morphed into an insurance-inclusive 2-year lease with a couple of additional oil changes thrown in. (Free 5000 and 10,000-mile oil changes are already included on all new Lexus vehicles in the U.S., so this just adds the broader 15,000-mile maintenance and 20,000-mile oil change to what the Complete Lease includes).
S
Joaquin Ruhi
Agreed. 10k miles/year is definitely on the low end.

Interesting that the rumored UX-based subscription program (most closely resembling Volvo's XC40 offering) morphed into an insurance-inclusive 2-year lease with a couple of additional oil changes thrown in. (Free 5000 and 10,000-mile oil changes are already included on all new Lexus vehicles in the U.S., so this just adds the broader 15,000-mile maintenance and 20,000-mile oil change to what the Complete Lease includes).
yes, what else could it be?

S