Porsche may extend leasing offer to revive 911, Boxster sales

Stuttgart. Porsche AG is considering a plan to prolong its so-called "anniversary leasing" offer. Originally, the offer was going to last from mid-September to the end of 2003.

Customers can lease a two-seater Boxster and certain 911 series models for attractive conditions for a 3-year period. As an added treat, after only 18 months, lease customers are allowed to move on to any other Porsche of their choice.

The offer aims to counter flagging sales figures for the German sports cars.

Many loyal Porsche customers are putting off buying a Carrera because it will be available next autumn in the modified shape of the 997. The car will offer a slim and wide versions.

According to an insider, in order to motivate clients to accept the current 996 model, Porsche is now offering customers the chance to move on to the new model soon as part of the "anniversary leasing" deal.

The retailers' share in this leasing deal, which was launched to celebrate the 40th anniversary of the 911, amounts to 7 percent.

In the USA, Porsche had already offered discounts of up to $3,500 between August and October.

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