Porsche is looking to offload as many 2020 Panameras as it can before the 2021 model arrives and is offering up to $10,000 in savings.

The savings come through the Panamera Discount Match Program that’s available through March 31 and consists of a 50 per cent reimbursement of a dealer’s discount on the 2020 car. This incentive is valued at up to $5,000 and as Cars Direct notes, could encourage dealerships to slash $10,000 off the Panamera’s MSRP.

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2020 Porsche Panamera

This saving is only offered for the Panamera GTS, Turbo, and Turbo S E-Hybrid in both Sedan and Sport Turismo forms. The incentive is available for those looking to buy or lease a Panamera and represents an opportunity to buy a new Porsche at a discount, not something that happens very often.

Visual differences between the outgoing Panamera and the 2021 model are minor and limited to things like a sportier bumper on the Turbo S, darkened taillights on the GTS, an LED light bar at the rear, and new 20- and 21-inch wheel designs. Most of the changes are found under the hood.

New to the Panamera model for 2021 is the Panamera 4S E-Hybrid model featuring a 2.9-liter twin-turbocharged V6 engine that delivers 434 hp and is coupled to an electric motor integrated into the eight-speed PDK transmission with an extra 134 hp, making for a total of 552 hp and 553 lb-ft (750 Nm) of torque. Also new for 2021 is the Panamera Turbo S which replaces the outgoing Turbo and is powered by a 4.0-liter twin-turbo V8 with 621 hp and 605 lb-ft (820 Nm) of torque.

2021 Porsche Panamera