Porsche Canada announces Canadian Currency Credit

MISSISSAUGA, ON, April 5 /CNW/ - Two-and-a-half years ago, at a time of US-dollar parity, Porsche was first to market with reduced prices for Canadian buyers. As the Canadian dollar once again flirts with parity, Porsche Cars Canada has introduced a Canadian Currency Credit program to effectively reduce prices. The program is subject to change at anytime.

Canadian Currency Credits are factory-to-dealer credits available on all 2010 Porsche models as well as the new 2011 Boxster Spyder. They are available to qualified retail customers through participating Porsche dealerships whether the customer pays cash, or leases or finances through Porsche Financial Services.

    
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    Model                Canadian Currency Credit (for April 2010 deliveries)
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    Boxster models                             $4,000
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    Cayman models                              $4,500
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    911 models                             $6,000 - $9,000
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    Cayenne models                         $2,500 - $8,000
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    Panamera models                        $5,000 - $10,500
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"Canadian Currency Credits address the cross-border price disparity caused by a strengthening Canadian dollar," said Joe Lawrence, Porsche Canada's President and CEO. "In effect, the strong dollar has significantly reduced prices for Canadian Porsche buyers, despite ongoing improvements in equipment and technology on all our products."

    
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                                         Currency
                                           Credit   MY2010
                                       (for April     MSRP
                                             2010     less     Var.     Var.
                MY2007   MY2008   MY2010 deliver- Currency      vs.      vs.
    Model         MSRP     MSRP     MSRP     ies)   Credit   MY2008   MY2007
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    Boxster    $63,600  $58,100  $59,600   $4,000  $55,600    -4.3%   -12.6%
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    Cayman     $69,600  $63,500  $65,300   $4,500  $60,800    -4.3%   -12.6%
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    911 Coupe $100,700  $93,200  $96,700   $6,000  $90,700    -2.7%    -9.9%
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    Cayenne    $60,100  $55,200  $56,700   $2,500  $54,200    -1.8%    -9.8%
    -------------------------------------------------------------------------
    

"Available across the entire Porsche range through participating dealers, Canadian Currency Credits act as an effective price adjustment during this time when the Canadian dollar is close to US-dollar parity. They are available even on virtually sold-out models like the new 911 GT3 RS," added Lawrence. "Customers are encouraged to contact their local Porsche dealership for the latest information."

For further information: Laurance Yap, [phone], [email protected]