spwolf

Expert
Messages
2,577
Reaction score
2,594
I interpret this as meaning: Our product line-up is doing well enough right now (they are still selling so Lexus is still making money) but we can do better, and that starts by refreshing the line-up with new product.

I detect more than a hint of confirmation bias from some members here. They are disappointed with the slow cadence from Lexus, and are reading between the lines (even new product introductions from Toyota are being too closely analyzed for some type of hate-Lexus meaning) and starting to point fingers.
Yep, I agree.
 

Levi

Admirer
Messages
802
Reaction score
925
The majority of luxury vehicles are leased, at least here in the US.
It makes sense for rich/wealthy people but also companies too lease. From an ecological point of view it is a waste (but that is another topic). But leases also permit 'poor' people to get luxury/premium/... even though it is a rip-off, but they can get to use what they otherwise could not. One example is in the IT sector is Adobe.

It would still be a pity if Lexus said screw reliability/durability, anyway our cars are not sold for +10 years use time, but leased every 3 years.

In order to change cars very often, there should be something new and interesting to want to replace the (3 years) 'old' one. Unfortunately there are very few interesting cars (at least for me and when there are, they are in completely different segments).
 
Messages
1,626
Reaction score
1,894
It makes sense for rich/wealthy people but also companies too lease. From an ecological point of view it is a waste (but that is another topic). But leases also permit 'poor' people to get luxury/premium/... even though it is a rip-off, but they can get to use what they otherwise could not. One example is in the IT sector is Adobe.

It would still be a pity if Lexus said screw reliability/durability, anyway our cars are not sold for +10 years use time, but leased every 3 years.
The buyers who are more adept to change their vehicles more often are those who are better off financially, but also those who have some financial sense as well (I believe Lexus owners to be in this boat). Not every lease out there is a BMW/Mercedes/Lexus, it is all up to the manufacturer to offer the programs. The folks that chase the $399 lease deals should be the ones buying Camrys and Accords, but they got to be fake rich.

Usually money savvy buyers are the ones to seek out a deal, and sometimes it is being at the right place and time. Right now, i've seen Tacomas being leased for as low as $250/month. Just a few years ago when Lexus was discontinuing the CT, the leases on them were incredible, when it was even less than a Corolla. 🤑

In order to change cars very often, there should be something new and interesting to want to replace the (3 years) 'old' one. Unfortunately there are very few interesting cars (at least for me and when there are, they are in completely different segments).
You seem to have a very different mindset of someone who would lease a 3 Series/C Class/A4, because in 3 years, each one of these has new features, unlike say the IS or Q50. An enthusiast would be more willing to do that than stick with one brand or car.
 

Levi

Admirer
Messages
802
Reaction score
925
You seem to have a very different mindset of someone who would lease a 3 Series/C Class/A4, because in 3 years, each one of these has new features, unlike say the IS or Q50. An enthusiast would be more willing to do that than stick with one brand or car.
An enthusiast as me would cross-shop totally opposing/different cars. On the contrary I see leases (and that is the strategy I would persue in a managing position) as a tool to lock customers in.

Do you have any statistics of leases, how many come for another brand an how many stay at the same brand?
 

LexsCTJill

Follower
Messages
238
Reaction score
173
It makes sense for rich/wealthy people but also companies too lease
For me, from a wealth perspective. Something I learned a long time ago is that the most cost-effective way to acquire/obtain something is the most appropriate. IMO, something like a Lexus GX is something you buy once, for the long haul and you keep in 15 years. But something like a X5, not so sure....you lease, and get rid of it pretty quick. All that said, working 30 years and paying interest on payments for all those years is just something I could never do...I have might sights set on a Mercedes A class or a Lexus UX to replace my hatchback, the MB I would never buy, but the UX I would.
 
Last edited:
Messages
1,626
Reaction score
1,894
An enthusiast as me would cross-shop totally opposing/different cars. On the contrary I see leases (and that is the strategy I would persue in a managing position) as a tool to lock customers in.

Do you have any statistics of leases, how many come for another brand an how many stay at the same brand?
I see leases as ways to get people to try your products. You might stay, you might never come back. Alfa did this to get buyers into the Giulia. If something goes wrong, just turn the car in at end of it and be done with it. I think if you work in a corporate culture, for better or worse, sometimes the car you drive is obviously part of your image. Having something new is always something seen as 'climbing that ladder'.

As for stats, I wish I knew more about it but I can only speculate based on what I read from sites and forums. That data of customers coming in or leasing elsewhere would also be intriguing to me, as I'm sure most companies have the data. I wonder if @Gecko might know more about this more.

But my feeling is the same as you guys, when your product is old, how many customers will lease the same car again? The lease only becomes appealing if you were to lower the monthly payment, and perhaps people who were driving a Camry/Accord, etc. can now lease an IS/Q50 etc. Lexus' residuals have made them historically good to lease.
 
Messages
1,626
Reaction score
1,894
For me, from a wealth perspective. Something I learned a long time ago is that the most cost-effective way to acquire/obtain something is the most appropriate. IMO, something like a Lexus GX is something you buy once, for the long haul and you keep in 15 years. But something like a X5, not so sure....you lease, and get rid of it pretty quick. All that said, working 30 years and paying interest on payments for all those years is just something I could never do...
I see many "new" GX owners are the second or third owners. Lately, the GX is becoming more popular because many leased GXs were lightly driven during the lease term by rich suburbanite wives/moms just strolling around town. With many available on the used market, prices had gone down in some cases below the 4Runner. Outlanding is becoming a thing, and the GX is rivaling the Runner as the rig to get.
 

suxeL

Follower
Messages
283
Reaction score
232
Does anyone recall whether the MY20 refresh on the GX, was originally planned for an earlier release date. I remember reading that it was suppose to launch as we see it alongside the currently refreshed MY16 LX but that was postponed for reasons unknown?
 

Rob Grieveson

Follower
Messages
168
Reaction score
145
Not sure what to think or say to my mind the Lexus brand signifies luxury coupled with absolutely trouble free motoring. The German brands cannot lay claim to the second point. Many owners of BMW (myself included) have had expensive problems with their cars along with Audi.
So i would like to see Lexus concentrate on these two points and forget about racing and making the car sporty. That to mind is not the original intention of the Brand and that is when it was so very successful and upset the market way back in the day.
I tend to agree with the comment made by someone earlier that the new LS has tried to be too sporty in its styling (although i personally like it) and I get the point. Even today when you see one of the older models you realise in fact what a prestigious looking car it was it some how screams look at me i am special.
SUV and Trucks have really changed the market along with the likes of Tesla.
Time for a re think - on this site there has been a picture of a futuristic looking car about the size of an IS looks ok - but is it Lexus?
Very way out in its styling and when one looks at Tesla you realise how simple and clean there design work is and it is an appealing look and of course so up to date. However we do not have them in SA and i have heard there have been problems so no further comment on this car.
 

CRSKTN

Follower
Messages
413
Reaction score
720
Not sure what to think or say to my mind the Lexus brand signifies luxury coupled with absolutely trouble free motoring. The German brands cannot lay claim to the second point. Many owners of BMW (myself included) have had expensive problems with their cars along with Audi.
So i would like to see Lexus concentrate on these two points and forget about racing and making the car sporty. That to mind is not the original intention of the Brand and that is when it was so very successful and upset the market way back in the day.
I tend to agree with the comment made by someone earlier that the new LS has tried to be too sporty in its styling (although i personally like it) and I get the point. Even today when you see one of the older models you realise in fact what a prestigious looking car it was it some how screams look at me i am special.
SUV and Trucks have really changed the market along with the likes of Tesla.
Time for a re think - on this site there has been a picture of a futuristic looking car about the size of an IS looks ok - but is it Lexus?
Very way out in its styling and when one looks at Tesla you realise how simple and clean there design work is and it is an appealing look and of course so up to date. However we do not have them in SA and i have heard there have been problems so no further comment on this car.
Tesla's are a disaster in my opinion. The model 3 proportions in person are not flattering to my eye, at all. It's very weird. I keep thinking of the Homer Simpson bubble car. I saw one the other day that had some extreme black/white wrap job that didn't look bad, but especially once you sit inside, you really wonder what you're paying for. That's even before engineering choices and quality control/production issues.
 

internalaudit

Admirer
Messages
571
Reaction score
681
Tesla's are a disaster in my opinion. The model 3 proportions in person are not flattering to my eye, at all. It's very weird. I keep thinking of the Homer Simpson bubble car. I saw one the other day that had some extreme black/white wrap job that didn't look bad, but especially once you sit inside, you really wonder what you're paying for. That's even before engineering choices and quality control/production issues.
Too bad other car makers honed in on the cost savings and are making most of the BEV interiors also spartan haha. Audi/Porshe haven't but VW has.
 

Sulu

Follower
Messages
180
Reaction score
280
Not sure what to think or say to my mind the Lexus brand signifies luxury coupled with absolutely trouble free motoring. The German brands cannot lay claim to the second point. Many owners of BMW (myself included) have had expensive problems with their cars along with Audi.
So i would like to see Lexus concentrate on these two points and forget about racing and making the car sporty. That to mind is not the original intention of the Brand and that is when it was so very successful and upset the market way back in the day.
Racing has many engineering research and development benefits other than making sporty cars.

The obvious benefits are: engines that are small, compact and light yet are powerful and fuel efficient; car body materials (carbon fibre comes to mind) that are lightweight yet incredibly strong; endurance racing (24 Hours of Le Mans comes to mind) tests the durability of a whole car (engine, hybrid/electrified powertrain, car body) and the endurance of the drivers (which may be affected by the comfort and ergonomics of the car).

I would not ask Toyota / Lexus to give up racing.
 

Ian Schmidt

Expert
Staff member
Moderator
Messages
1,787
Reaction score
3,022
The model 3 proportions in person are not flattering to my eye, at all. It's very weird. I keep thinking of the Homer Simpson bubble car. I saw one the other day that had some extreme black/white wrap job that didn't look bad, but especially once you sit inside, you really wonder what you're paying for. That's even before engineering choices and quality control/production issues.
The exterior looks of the TM3 don't bother me that much (from some angles it looks a lot like the Mazda3, which is fine), but having had extended seat time in one the interior is not a happy place to be. It makes the Corolla look like an S-Class.
 

suxeL

Follower
Messages
283
Reaction score
232

Lexus seems to be posting on Youtube with their own "unique" comparison videos between the MY19s and MY20s....some are interesting and insightful for those not interested in a spec sheet, and some are interesting to show how limited there recent refreshes are (GX)
 
Messages
13
Reaction score
1
JLR minus J, is seems pretty healthy, even reporting increased sales numbers YoY (3% US). Jaguar is a whole another mess, even drawing some parallels from the current Lexus.

XJ cancelled, then new program development midway cancelled, then annouced a new program is a conservative BEV
The rest of model lineup is just more of the same with no clear upgrades.

Most newsworthy models being the all electric I-pace and the crazy bonkers SV Project 8s.....

I`ll leave the parallels to Lexus up for interpretation
Seems Jag and Lex are facing the same fate.
That's why I enjoy my white IS F-Sport from 2014 as long as I can realizing that probably the show is over in future.
 
Top