Two interesting offers are on the table.
Car shoppers are constantly weighing the choice between buying and leasing. There are some who are adamant they'll never buy but it often pays (literally) to be open to both payment options as demonstrated by Polestar's current offer. US reservation holders for the all-new 2021 Polestar 2 are being offered two very good payment options and, for some, it might be hard to decide.
According to information obtained by the Polestar Forum, future owners were recently sent an email with the first details about a leasing program, which is $649 a month. They're also being offered a 0 percent interest rate loan for 60 months. Which is the better offer? It's hard to say. The Polestar 2 carries a starting MSRP of $59,900 but this doesn't include the federal tax credit of $7,500 or any additional state by state credits. A fully-loaded car costs over $72,000.
At first, the 0 percent interest might seem like the better way to go, and those used to financing their vehicles will find this very attractive. However, Polestar's leasing program doesn't work like those from other automakers.
According to the company's website, there are "no obligations that come with ownership," but since we're talking about an EV here, "obligations" like oil changes simply don't exist. Other "obligations" involving maintenance should fall under the new vehicle warranty.
But here's the kicker: Polestar offers those who lease its cars a personally customized payment program. For example, the length of the lease and the yearly mileage are flexible. There's also the potential for a flexible payment schedule. Once the lease contract is over, the car is returned and that's it. No additional and unexpected fees will be required.
Given that flexibility, it's easy to see why leasing might be the preferred choice. Especially if it's their first electric vehicle purchase where a few uncertainties remain, such as range anxiety. Leasees don't have to be committed for the long haul and can try living with an EV for a couple of years.
Reservation holders who do plan to proceed to either buy or lease are also now being asked to select a Polestar Space (read: dealership) closest to their homes. Current locations include Los Angeles, New York City, and two in the San Francisco Bay Area. More spaces will open in the first half of next year in Boston, Denver, Texas, Washington D.C., and Florida.
Don't live near any of these cities? No problem, just select the one closest to you and Polestar will figure out the rest.