Porsche will lease its new Q8 to a major buyer, the company said Tuesday.
Porsche will lease the car to an American buyer who will purchase the Q7 in 2019, which will then be used for the 2019 model year.
It’s the first major Q-series lease for Porsche and it comes after years of speculation that Porsche would use the new car for its own sports car line, as it does with the 911.
Porsche will also use the car as a platform for a new line of luxury models and as an alternative to the Porsche 918 Spyder.
Perez is using the Q8 for a range of high-end models, including the GT, the 911 Turbo, and the 911 Targa.
The Q8 will also be used as a production platform for the upcoming 911 RSR, which Porsche is already planning.
Preyers new leasing program will give the company more flexibility in the way it sells its cars, said Michael Barrett, vice president of global marketing for Porsche.
The new lease agreement is in addition to the $5.5 billion purchase price of the company’s brand new brand new Porsche 911, which was sold to Chinese carmaker Daimler AG for $1.2 billion last month.
The company said it expects to make its first deliveries of the Porsche 911 R in 2020, but it’s not clear how long it will take to deliver the car.