Great Deal Alert: Polestar 2 Lease Slashed to $299 per Month

Great Deal Alert: Polestar 2 Lease Slashed to $299 per Month – Grab It Now!

Polestar has rolled out a fantastic lease offer on their sleek new electric vehicle, cutting the Polestar 2 down to an unbeatable $299 per month. This exclusive deal includes a generous $10,000 incentive from Polestar and can be combined with a special Costco promotion that reduces the upfront payment to around $1,000. While this offer may not solve the overarching issue of EV affordability for everyone, it certainly makes the Polestar 2 more accessible to those interested in giving it a try.

The latest promotion has seen Polestar increase their incentive from $7,500 to $10,000, providing customers with even greater savings. Interestingly, the Polestar 2 does not appear to qualify for an additional $7,500 federal tax credit under the Inflation Reduction Act, which likely influenced the aggressive lease offer.

Polestar

Breaking down the numbers: the Polestar 2’s base price, including destination and fees, is $51,300. Additionally, there’s a $995 acquisition fee, a $3,000 “capitalized cost reduction,” and the $10,000 incentive, bringing the total to $39,295 for a 27-month lease at $299 per month. This means lessees would spend just over $11,000 during their lease term, with an initial payment of $3,000 and a total due at signing of $3,299. The lease includes a mileage cap of 10,000 per year, with excess mileage incurring a fee of $0.25 per mile over the limit set by Polestar.

This enticing offer covers both the Polestar 2 Long Range Single Motor and Long Range Dual Motor variants, boasting ranges of up to 320 and 276 miles per charge, respectively. Both models support DC fast charging, enabling a rapid charge from 10 to 80 percent in just 28 minutes. Performance figures range from 295 to 421 horsepower and 361 to 546 lb-ft of torque, depending on the chosen model. All this for just $299 per month.

It’s important to note that the Polestar 2 lease offer is available only for the month of May and may not be extended. While the timeframe is limited, the savings are substantial for eligible customers.

Polestar

If the price adjustment directly from Polestar doesn’t catch your eye, maybe the offer from Costco will. Currently, Costco members can benefit from an extra $2,000 incentive when buying a Polestar 2. This Costco promotion runs until July 31, exceeding the manufacturer’s offer end date. By combining both incentives, members can enjoy a total incentive of $12,000 and reduce the down payment from $3,000 to $1,000.

While the Polestar 2 may not hit the same lease price as the Hyundai Ioniq 6, which has dropped to as low as $239 per month, it is still positioned under the $300 mark. This is quite competitive for a futuristic vehicle with Swedish aesthetics and impressive specs. Hyundai’s Ioniq 6 offer required only $239 at signing, while Polestar demands a higher upfront payment and an additional $2,760 for the down payment compared to Hyundai.

The down payment previously equated to the value of a low-tier vehicle on platforms like Craigslist or Facebook Marketplace, signifying a shift in times. Nevertheless, this lease deal presents a compelling opportunity for an innovative EV, sharing striking similarities in design with Volvo’s lineup that inspired it.