Save up to $4,500 on a Porsche EV by trading in a Tesla
With an increasingly intense spotlight on Tesla CEO Elon Musk, current Tesla drivers are finding themselves caught in a political whirlwind regardless of where their convictions lie. Coupled with a depreciation curve that's hard to predict and some seriously competent competition, many Tesla owners are looking outside the brand for their next car. As it turns out, Porsche is more than willing to take your leased Tesla off your hands.
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While Porsche has some pretty strict criteria if you want to get the full $4,500, it might be the perfect way to save a few bucks while getting out from under your existing lease. According to intel gathered by CarsDirect, the Welcome to Porsche Conquest Lease Program will pay out credits in $1,500 increments toward your new vehicle's payments. How much you'll get determines how far away the end of your existing, current lease is; for example, if you trade in a vehicle with between 31 and 60 days remaining on the lease, you'll only get one $1,500 payout. For the maximum payout (3 installments of $1,500, for a total of up to $4,500), you'll need to trade in a lease with over 90 days remaining.
Essentially, the offer is a more convoluted version of a traditional 'pull-ahead' leasing incentive. As such, the deal isn't limited to Tesla models, although that seems to be pretty clearly who Porsche is looking to help out (or take advantage of). The stipulations get even more complicated when you realize that Porsche claims a trade-in isn't even technically required if your lease doesn't end for more than 180 days. In a nutshell, Porsche wants to sell more EVs, and this is the perfect way to do it.
The CarsDirect bulletin claims that the offer is only good until the end of March, but you may be in luck. This isn't the first time Porsche has offered a competitive pull-ahead offer. Sources indicate that last June, Porsche ran an identical promotion. So, we're fairly certain that this advantageous program will make a comeback in the impending months. That said, if one of Porsche's electrified offerings look good to you today, there's no better time to shop if you're in a lease you want out of. As a reminder, Porsche's current electrified offerings are limited to the Taycan, which is available as a sedan or Turismo (wagon), and the Macan small SUV.
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Porsche is working hard to expand their market share of the electrified segment. Chiefly by making products people actually want to own, but also with the occasional 'too good to refuse' offer like this. Making the jump from a Tesla to a Porsche—and saving some money while doing it—is an enticing prospect. Even when compared to brilliant competitors like the BMW i4 and iX, warm critical reception of the Taycan and Macan electric is hard to ignore.
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