Porsche launches subscription program for sports cars and SUVs

Porsche 911 rear

So you've probably heard of subscription services for books, music, videos, but a auto subscription service?

Porsche Passport rolls out in the United States of America, offering a subscription service which gives on-demand access to a range of 22 different Porsche cars for a fixed fee. The company has recently launched a vehicle subscription service of their own which basically allows members to swap around various Porsche cars. In a new relationship with Clutch Technologies, LLC, Porsche Passport will conduct its pilot program in metro Atlanta, which is home to both companies. There are two membership plans available: "Launch", which includes on-demand access to eight model variants such as the Boxster, Cayman S, Macan S and Cayenne for a monthly fee of $2,000.

However like we said it will cost you with the entry-level membership priced at $2,000 a month, but if you wanted access to the 22 auto roster, that privilege will set you back $3,000.

There's another step up the ladder of choice, with a monthly fee of £2,250 giving access to a bigger range of 22 models including the 911 Carrera S, Panamera 4S and Cayenne S E-Hybrid. "Catering to customers' desire to experience our sports cars in new ways is a part of our core strategy", said President and CEO Klaus Zellmer of PCNA.

The high cost of the membership plans covers vehicle tax and registration, as well as maintenance, insurance, and detailing fees. "With Porsche Passport, we now offer our customers a simple and flexible driving solution at their fingertips". A one-time activation fee of $500 is required while membership is dependant on a credit and background check.

The Passport subscription service will begin in Atlanta this November.

Related News:

  • Credit Suisse Group Downgrades Eli Lilly and Company (LLY) to Neutral

    Currently, 177.62 million total shares are owned by the public and among those 169.93 million shares have been available to trade. Franklin Resources Incorporated holds 0% of its portfolio in Marinus Pharmaceuticals Inc (NASDAQ:MRNS) for 2.18 million shares.
    AWS, Microsoft launch deep learning interface Gluon

    AWS, Microsoft launch deep learning interface Gluon

    Because the volume of data is large and the models and algorithms are complex, training a model often takes days or even weeks. Other deep learning tools make model-building easier, but this simplicity can come at the cost of slower training performance.
    UFC Returning to Winnipeg: Lawler vs. Dos Anjos

    UFC Returning to Winnipeg: Lawler vs. Dos Anjos

    Former UFC welterweight champion Robbie Lawler's return to the Octagon is set. Lawler fights out of Southern Florida, under striking coach Henri Hooft.
  • Women's Convention Gives Opening Speech Slot To … Bernie Sanders

    Women's Convention Gives Opening Speech Slot To … Bernie Sanders

    Bernie Sanders (I-Vt.) is tabbed as the opening-night speaker for the 3-day Women's Convention later this month in Detroit . The event's organizers issued a statement Wednesday following the heavy backlash present on social media over Sanders.

    Time Warner Inc. (NYSE:TWX) Touching Most Active List Today

    After $1.33 actual EPS reported by Time Warner Inc for the previous quarter, Wall Street now forecasts 19.55% EPS growth. The stock of Time Warner Inc (NYSE:TWX) has "Outperform" rating given on Thursday, November 5 by RBC Capital Markets.
    AT&T keep FY guidance, despite decline in video subscribers during Q3

    AT&T keep FY guidance, despite decline in video subscribers during Q3

    It is reasonable to expect a weak quarter for the whole Pay TV industry. "But we doubt anyone expected them to be this bad". Moffett chalked it up to consumers moving away from the traditional big pay-TV bundle.
  • Attention Grabbing Mover: Manitowoc Company (MTW)

    Leavell Investment Management Inc. raised its position in Manitowoc Company, Inc. (The) by 6.6% in the first quarter. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company.
    Dias: GM's plans to produce Equinox in Mexico 'war on Canada'

    Dias: GM's plans to produce Equinox in Mexico 'war on Canada'

    Securing new investments in Canada was a key goal for Unifor during its negotiations with the big US automakers previous year . The plants will assemble the model for the North American market, according to United States Unifor representative Jerry Dias.
    Loot crates don't class as gambling to video game rating boards

    Loot crates don't class as gambling to video game rating boards

    These loot box systems have been used for years in games like Counter-Strike, Overwatch , Rocket League , and Team Fortress 2 . Whether you consider loot boxes as a form of gambling depends on your personal definition of gambling .
  • Commerce Bank Sells 4800 Shares of Caterpillar, Inc. (CAT)

    On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Following the completion of the transaction, the insider now directly owns 18,188 shares in the company, valued at $2,078,888.40.

    Wellington Shields Capital Management LLC Sells 3086 Shares of Apple Inc. (AAPL)

    Associated Banc has 0.01% invested in Nike Inc (NYSE:NKE) for 4,252 shares. 131 funds opened positions while 449 raised stakes. Gotham Asset Management Ltd has invested 0.02% of its portfolio in DSW Inc. 10,098,177 shares of the company were exchanged.

    QS Investors LLC Cuts Position in Express Scripts Holding Company (ESRX)

    Needham & Company LLC started coverage on shares of Express Scripts Holding in a research report on Friday, July 21st. Echo Global Logistics, Inc.is a provider of technology-enabled transportation and supply chain management solutions.


Most liked

Aussie selector Mark Waugh feels India tour way too long
The former captain predicted a 3-1 win for Australia, saying that the ageing English side would not quite last the distance. You can't do that (violence) these days in public.

Cavs Among Pro Sports Teams That Have Stopped Staying in Trump Hotels
Some of the teams chose not to stay at the hotels such as limited bus access, they told The Washington Post . Citing team policy, the Pelicans said Thursday that they don't reveal hotel plans for security purposes.

Oops! Rahul Gandhi Mistakenly Enters Ladies Toilet In Gujarat. Pics Go Viral
And the Gandhi scion has certainly upped his social media game to take on the ruling party and its leadership. Reportedly, Rahul Gandhi entered the wrong toilet as he could not read Gujarati.

USDA estimates Florida's citrus yield at 54 million boxes
Georgia , which was in Irma's path, saw yields fall to 900 pounds per acre, down from an estimated 1,013 pounds. In the season that ended September 30, orange output was 68.7 million boxes, the lowest since 1964, U.S.

'She's Gotta Have It' Show Releases Full Trailer, Announces Premiere Date
Nola is aggressive, progressive, very sexual, and open to all kinds of relationships. The She's Gotta Have It series is on the way, and the full trailer is now online.

United Technologies Corporation (NYSE:UTX) ERP5 - A Look at Valuation
Investors are usually on the lookout for the next great stock pick. 390,549 were reported by Aperio Gru Ltd Liability Company. Narrowing in a bit closer, the 5 month price index is 0.98769, the 3 month is 0.96644, and the 1 month is now 1.07923.

Volume Moving the Tape For Enable Midstream Partners LP (ENBL)
Capital Growth Management Lp increased Itau Unibanco Holding S.A. (ITUB) stake by 508.43% reported in 2017Q2 SEC filing. The Company's divisions include Gathering Systems, Fresh Water Delivery, and Investments in White Cliffs and Other.

LSU fraternity member accused of fatally hazing pledge from Charlotte
Perez told The Vermilion that the suspensions were a "pause" while the university investigates the complaints it has received. Ten current and former members of the Phi Delta Theta fraternity are facing charges in connection with Gruver's death.

Jacobs & Co Lifted Newell Brands (NWL) Holding; Phi (PHII) Has 0.68 Sentiment
The firm owned 1,030,125 shares of the company's stock after acquiring an additional 27,852 shares during the quarter. Fieldpoint Private Advisors Inc decreased Newell Brands Inc Com (NWL) stake by 94.63% reported in 2017Q2 SEC filing.

GM announces production reduction at Detroit-Hamtramck Assembly plant
The automaker announced last month that it would cut the third shift at its plant in Spring Hill, Tennessee, as of late November. The Detroit-Hamtramck plant will likely produce 20 percent fewer vehicles once production resumes in 2018, the Journal said.

Kevin Feige Talks About The Possibility Of Marvel Having Its Own Convention
Disney (Marvel's owners) and Star Wars (also owned by Disney) both have their own dedicated conventions, so it's easy to see the logic here.

Equifax may have been hacked again
Equifax's security protocols have been under scrutiny since September 7 when the company disclosed its systems had been breached between mid-May and late July.

Chipotle Mexican Grill, Inc. (CMG) Rating Reiterated by Wedbush
The Missouri-based American Century Companies has invested 0.24% in Chipotle Mexican Grill, Inc. (NYSE:CMG) is 0.115571. Evercore Wealth Management Ltd Llc holds 0% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 445 shares.

Paris to Ban Gas-Powered Vehicles a Decade Ahead of Schedule
Current owners of diesel cars will be allowed to continue to drive their vehicles in the city, the reports have suggested. Drivers behind the wheel of cars older than 20 years will face fines unless registered as an approved classic.

Britain Could Join NAFTA If Brexit Deal Fails
Trudeau's visit to Mexico is his first official sojourn to the country and follows Pena Nieto's visit to Canada in June 2016. However, Trump has made clear he prefers bilateral trade deals and Canada is preparing for a hard NAFTA collapse scenario.