Item 1 of 5
Item 1 of 5
expiredp-rav posted May 1, 2024 10:32 PM
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w/ $1k Down for Qualified Buyers
Deal Details
Polestar is offering a 2024 Polestar 2 Long Range Dual Motor Electric Vehicle for Lease for $299 per month for 27 Months with $1,000 Down for Qualified Buyers with Active Costco Memberships (only for active members as of 4/30) who present their Members Only Incentive Offer for a $2,000 Savings towards the Lease of a 2024 Polestar 2 valid at Participating Locations Only. Availability inventory and pricing will vary by location and selected model.
Thanks to Community Member p-rav for sharing this deal.
Thanks to Community Member p-rav for sharing this deal.
- Note: Price is estimated using the base MSRP of $56,700 of the 2024 Model, any additional features / additions may increase the lease price.
- Visit the Costco $2,000 Incentive Offer page and Register to receive your Unique $2,000 Savings Certificate, you will present this certificate with your unique code (digital or printed) during your Lease Offer.
- Note: You must be a current Costco member as of April 30, 2024 to get this deal.
- Visit the Polestar Lease Offer page and check for available inventory in your area.
- Note: The online builder / pricing tool may not properly reflect the Lease offer at this time so you will need to verify this offer is available in your area or at authorized Polestar Spaces.
- Your estimated Lease Price should be as follows with all applicable offers for Qualifying Buyers:
- $3,000 Down Payment - $2,000 Costco Member Incentive = $1,000 Final Down Payment
- $299 Per month for 27-Months
- $1,299 Due at Signing (Down Payment + First Months Payment)
Editor's Notes
Written by SaltyOne | Staff- Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
- Offer Terms:
- Costco Incentive:
- To qualify for the Polestar Limited-Time Special, you must: (1) be a current Costco member on or before April 30, 2024; (2) register with Costco Auto Program online or through its call center by July 31, 2024 to receive a certificate with your unique promotion code; (3) present your certificate and unique promotion code to any Polestar dealer at time of visit; (4) place order between May 1, 2024 and July 31, 2024 of an eligible Polestar 2 model to receive a $2,000 Costco member-only incentive. The incentive will be applied at time of purchase or lease and is compatible with other eligible Polestar incentives for which the Costco member qualifies.
- Polestar Offer:
- Monthly lease payment of $299 per month for 27 months is based on an adjusted capitalized cost of $44,695 (MSRP of $56,700 including destination and delivery fee of $1,400, plus acquisition fee of $995, less $3,000 capitalized cost reduction and additional $10,000 Polestar Clean Vehicle Incentive). Actual MSRP may vary and could affect your monthly lease payment. Cash due at signing includes $3,000 down payment, $299 first month's payment and $0 security deposit. Tax, title, license, registration and dealer fees are additional fees due at signing. Advertised payment does not include applicable taxes. Lessee is responsible for excess wear and mileage over 10,000 miles/year at $0.25/mile.
- Available to qualified customers that meet PFS credit standards at authorized Polestar Spaces. Not everyone will qualify. Offer valid from May 1, 2024 until May 31, 2024. Must take delivery by May 31, 2024.
- Costco Incentive:
- Please see the original post for additional details & refer to the forum thread for discussion.
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Polestar is offering a 2024 Polestar 2 Long Range Dual Motor Electric Vehicle for Lease for $299 per month for 27 Months with $1,000 Down for Qualified Buyers with Active Costco Memberships (only for active members as of 4/30) who present their Members Only Incentive Offer for a $2,000 Savings towards the Lease of a 2024 Polestar 2 valid at Participating Locations Only. Availability inventory and pricing will vary by location and selected model.
Thanks to Community Member p-rav for sharing this deal.
Thanks to Community Member p-rav for sharing this deal.
- Note: Price is estimated using the base MSRP of $56,700 of the 2024 Model, any additional features / additions may increase the lease price.
- Visit the Costco $2,000 Incentive Offer page and Register to receive your Unique $2,000 Savings Certificate, you will present this certificate with your unique code (digital or printed) during your Lease Offer.
- Note: You must be a current Costco member as of April 30, 2024 to get this deal.
- Visit the Polestar Lease Offer page and check for available inventory in your area.
- Note: The online builder / pricing tool may not properly reflect the Lease offer at this time so you will need to verify this offer is available in your area or at authorized Polestar Spaces.
- Your estimated Lease Price should be as follows with all applicable offers for Qualifying Buyers:
- $3,000 Down Payment - $2,000 Costco Member Incentive = $1,000 Final Down Payment
- $299 Per month for 27-Months
- $1,299 Due at Signing (Down Payment + First Months Payment)
Editor's Notes
Written by SaltyOne | Staff- Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
- Offer Terms:
- Costco Incentive:
- To qualify for the Polestar Limited-Time Special, you must: (1) be a current Costco member on or before April 30, 2024; (2) register with Costco Auto Program online or through its call center by July 31, 2024 to receive a certificate with your unique promotion code; (3) present your certificate and unique promotion code to any Polestar dealer at time of visit; (4) place order between May 1, 2024 and July 31, 2024 of an eligible Polestar 2 model to receive a $2,000 Costco member-only incentive. The incentive will be applied at time of purchase or lease and is compatible with other eligible Polestar incentives for which the Costco member qualifies.
- Polestar Offer:
- Monthly lease payment of $299 per month for 27 months is based on an adjusted capitalized cost of $44,695 (MSRP of $56,700 including destination and delivery fee of $1,400, plus acquisition fee of $995, less $3,000 capitalized cost reduction and additional $10,000 Polestar Clean Vehicle Incentive). Actual MSRP may vary and could affect your monthly lease payment. Cash due at signing includes $3,000 down payment, $299 first month's payment and $0 security deposit. Tax, title, license, registration and dealer fees are additional fees due at signing. Advertised payment does not include applicable taxes. Lessee is responsible for excess wear and mileage over 10,000 miles/year at $0.25/mile.
- Available to qualified customers that meet PFS credit standards at authorized Polestar Spaces. Not everyone will qualify. Offer valid from May 1, 2024 until May 31, 2024. Must take delivery by May 31, 2024.
- Costco Incentive:
- Please see the original post for additional details & refer to the forum thread for discussion.
Community Voting
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Top Comments
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792 Comments
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I mean, this review directly nails the Model 3 as it's competition: https://www.topgear.com/car-reviews/polestar/2
They are both midsize AWD, 400-450hp sedans. The Polestar 2 is a lift back but that's just points to polestar.
Edit: read step 2. Looks like it won't reflect.
Maybe you're thinking of Fisker, who likely is going bankrupt unless someone rescues them very, very soon. Rivian's finances are also shaky but they're selling very well so I'm guessing will be ok too.
"Massively large company."
Geely is a massively large auto company in China but not worldwide. BYD destroys Geely, no competition. BYD does over 3x the revenue Geely does and will grow far bigger than Geely while having better vehicles for the masses.
They only did $23 billion in revenue last year. That pales in comparison to the largest automakers. Toyota, for example, did $270 billion in revenue last year.
"They're doing just fine." Again, you have no numbers to back it up, I do.
Polestar only has $700 million in cash and is constantly raising new money through debt using heavy interest to sustain their business. That's only expected to last them a year or two at best.
Their revenue is as high as their COGS. That means just labor and materials to build the car is how much they're selling the vehicle for. No gross profit. Add in selling and operating costs and they're burning $200 million every quarter minimum.
They're unlikely to be profitable any time soon which is why Volvo reduced their holdings so that Geely can pay for it instead.
Only a matter of time before Geely realizes that Polestar is not competitive with BYD and Tesla and can't reasonably sustain the business.
Their vehicles are also priced at a premium at a time where EV sales are declining currently.
I'll give them 5 years before their company has going concern issues. Right now they're in a stage, like many other EV makers, where they have they are too deep into it to quit. Rivian and LUCID are two other companies. Can't and won't be profitable any time soon. Fisker is dead on arrival. Who else do we need to talk about here?
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The Polestar 3 corrects both of these, but that isn't the Polestar 2. They are the same category. The Model 3 is faster and has better tech, the Polestar is better made.
The new Model 3 makes it much closer but then throws the whole thing in the trash by not having turn signal stalks lol. I'm not saying the Tesla is better, I'm simply saying that the two have great reasons why one may buy one over the other and it isn't nearly black and white.
How long does charging take at one of those shopping centers - assuming that these even support those EV charging stations? What do you do if you need to go on a roadtrip that is 150 miles each way?
Yeah, the clear answer is probably that gas powered cars are the answer or use this as a second car.
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