Jump to content

Lexus Announces Complete Lease Subscription Program

By William Maley

· 2,015 views

  • The UX will be the first model available

Lexus will soon be joining the subscription service fray. Roadshow reports that Lexus will introduce Complete Lease for the first quarter of 2019 to coincide with the launch of the UX crossover.

The service will offer two-year leases with a 20,000-mile limit for one non-negotiable price. This price includes lease payment, insurance, and maintenance coverage. Lexus will launch Complete Lease in Boston, Chicago, Los Angeles, and Miami. According to Cynthia Tenhouse, Lexus general manager of product and consumer marketing, these locations were chosen in part to UX is aimed at those living in the city, and the high insurance costs in those cities make a subscription service that includes insurance very appealing.

There are still a number of details that Lexus is keeping quiet on, such as how much it will cost, who will be providing the insurance, and whether a buyer needs to go into a dealership to order their UX.

Source: Roadshow

    • User Feedback

    Recommended Comments

    Mentor

    smk4565

    Members

    They will price it too high, I don't even need to see what they will charge to know it won't be worth it.  They are leasing NX's at $339 a month, plus it has a warranty that covers repairs, although not routine maintenance, but that is basically oil changes on a brand new car.   And the NX is larger and nicer than the UX, I bet the UX has $299 a month lease deals and they will try to sell a subscription to it for $600 a month.

  • Quote
    • Rising Star

    riviera74

    Members

    Why have a subscription model when the industry has had leasing since around 1985?  Seems redundant and silly to me.

  • Quote
    • Veteran

    Robert Hall

    Premium Subscriber

    This model goes beyond a lease and includes insurance and maintenance.   Though I think 6 months per vehicle would be more interesting than 2 years.

  • Quote
    • Grand Master

    G. David Felt

    Members

    Ugly CUV, be interesting to see what they price it at and what the up take is once they start.

  • Quote
    • Mentor

    smk4565

    Members
    1 hour ago, Cubical-aka-Moltar said:

    This model goes beyond a lease and includes insurance and maintenance.   Though I think 6 months per vehicle would be more interesting than 2 years.

    How much maintenance is there on a Lexus during the first 20,000 miles when they claim how low maintenance their cars are?  And I assume the insurance is based on a group average, so if you are good driver without accidents you are paying more for insurance than you would on open market.  

  • Quote

    • Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...