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expiredp-rav posted May 01, 2024 10:32 PM
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expiredp-rav posted May 01, 2024 10:32 PM

Select Costco Members: $2k Off a 2024 Polestar 2 Dual-Motor EV, Lease for

w/ $1k Down for Qualified Buyers

$299/Month for 27 Months

793 Comments 492,869 Views
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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.
  • Note: Price is estimated using the base MSRP of $56,700 of the 2024 Model, any additional features / additions may increase the lease price.
Deal Details:
  1. 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.
  2. 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.
  3. 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.
  • Please see the original post for additional details & refer to the forum thread for discussion.

Original Post

Written by p-rav
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.
  • Note: Price is estimated using the base MSRP of $56,700 of the 2024 Model, any additional features / additions may increase the lease price.
Deal Details:
  1. 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.
  2. 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.
  3. 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.
  • Please see the original post for additional details & refer to the forum thread for discussion.

Original Post

Written by p-rav

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Top Comments

PortlandME
699 Posts
761 Reputation
I like EV's a lot (currently own 2)… rented a Polestar 2 for a week while traveling and really hated it. Felt super small inside and did not make good use of the interior space like most other EV's do. We had heard good things about Polestars and were surprised how much we didn't like it. It was such a treat to return home to our Bolt EUV.
bullgates
4088 Posts
504 Reputation
Volvo side brand
import1411
239 Posts
66 Reputation
Can't sign up for Costco to get the discount only for members before 4/30

* Registration required. Must be a member by April 30, 2024. Place order by July 31, 2024. Click for full restrictions, eligibility and details.*

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May 02, 2024 05:28 PM
751 Posts
Joined Aug 2006
elfnumber1May 02, 2024 05:28 PM
751 Posts
Quote from p-rav :
Yes, that's the idea. You're paying for the depreciation of the car.

I am currently running under the impression that leasing is a good idea for EVs because of how fast technology is changing.
well...some of us bought tesla's that are now they are selling for half the price.
Original Poster
May 02, 2024 05:28 PM
278 Posts
Joined Mar 2010
p-rav
Original Poster
May 02, 2024 05:28 PM
278 Posts
Quote from unsafe1 :
Thanks!
Called in just now and they mentioned that the lease terms are slightly different when you add Pilot and/or Plus (once any of these packages gets added, they treat it as a different car, so different terms). Which is why the lease prices changes more than you'd expect. The person I talked to yesterday likely gave me wrong information, which sucks.

The configuration online shows me ~380$ with taxes, when I add pilot and plus. 7500 miles/year (I drive very little).
May 02, 2024 05:29 PM
8 Posts
Joined May 2021
CoolMitten8564May 02, 2024 05:29 PM
8 Posts
When you add fees and taxes, it comes way above model Y. hard pass
Original Poster
May 02, 2024 05:29 PM
278 Posts
Joined Mar 2010
p-rav
Original Poster
May 02, 2024 05:29 PM
278 Posts
Quote from elfnumber1 :
well...some of us bought tesla's that are now they are selling for half the price.
Same with people who bought Polestars too (and pretty much all EVs).
May 02, 2024 05:35 PM
1,568 Posts
Joined Jun 2010
hansmoleman007May 02, 2024 05:35 PM
1,568 Posts
Quote from p-rav :
Yes, that's the idea. You're paying for the depreciation of the car.

I am currently running under the impression that leasing is a good idea for EVs because of how fast technology is changing.
Exactly. With the extra lease cash being offered and the high residuals, there are a lot of EV's where you're actually paying less than the depreciation. I've never leased a car before, but that was enough for me to do it a few days ago with an Ioniq 5.
May 02, 2024 05:37 PM
119 Posts
Joined Jan 2014
mattunMay 02, 2024 05:37 PM
119 Posts
Quote from p-rav :
That's because the BZ4XYZABCD (or whatever that car is called) was mostly built as a compliance car. I expect their newer models to be much better rated.
The BZRKR or whatever it's called is what happens when you spend a decade stealing hydrogen government welfare rather than developing EVs and then want an EV on the lot to poison your customers on the concept of them so they'll buy one more hybrid.
1
May 02, 2024 05:39 PM
1,011 Posts
Joined Aug 2007
NewYorkDealsMay 02, 2024 05:39 PM
1,011 Posts
Quote from p-rav :
The configurator is live now https://www.polestar.com/us/poles...figurator/
Super helpful; thanks! It seems the pricing is on par with the model 3.

In fact, the polestar is more expensive because the total "due at signing costs" are allocated over 27 months compared to Tesla which is 36 months.
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May 02, 2024 05:42 PM
119 Posts
Joined Jan 2014
mattunMay 02, 2024 05:42 PM
119 Posts
Quote from p-rav :
Same with people who bought Polestars too (and pretty much all EVs).
To be fair, two years ago there were a lot of dummies caught up in used car pandemic pricing who seriously thought ANY car was an "investment" that would increase in value and their launch edition EVs were collector's items. I seriously felt like I was getting a 9-to-1 pushback on "Well, next year when prices go back to normal, what kind of discounts are we gonna see?" from all the owners who believed 2022 was the new norm. Then the EV price war broke out...
Last edited by mattun May 2, 2024 at 11:44 AM.
May 02, 2024 05:44 PM
78 Posts
Joined Apr 2008
salzburgmozartMay 02, 2024 05:44 PM
78 Posts
Deal cannot be duplicated in Central Florida. $2000 off from Costco yes but down payment will not be $1000 either $2000, only close to $6000 after tax, title and all other fees.
May 02, 2024 05:54 PM
1,011 Posts
Joined Aug 2007
NewYorkDealsMay 02, 2024 05:54 PM
1,011 Posts
Silly question - is the $1,400 destination charge already factored into this price? Or is this part of the "dealer fees" that come up in the end? When I go to checkout on their order page, I don't see the $1,400 factored into the sign on or monthly fee.
May 02, 2024 05:56 PM
31 Posts
Joined Jan 2015
masterhailMay 02, 2024 05:56 PM
31 Posts
Can you only get these serviced at polestar dealers or can I do it at my local Volvo? Closest polestar is ~450mi away but there's a Volvo dealer a couple miles down the road. I've seen a polestar or two there before, but the polestar site makes it seem like I can only service at polestar.
May 02, 2024 05:57 PM
18,108 Posts
Joined Jul 2009
iamiamianMay 02, 2024 05:57 PM
18,108 Posts
Quote from rarmortn :
Sorry I am new to lease stuff... So effectively you will be paying about 9 thousand to keep this car for 3 years and then you have to give it back to them?
What do you think happens to the value of a car purchased in 3 years?
1
May 02, 2024 05:59 PM
4,603 Posts
Joined Jul 2008
MrStealYourHamsterMay 02, 2024 05:59 PM
4,603 Posts
Need something like this but with a year or two is of free charge
May 02, 2024 06:01 PM
909 Posts
Joined Oct 2003
UnhookedMay 02, 2024 06:01 PM
909 Posts
With EVs lease is the way to go OR buy used with low miles. Tech is changing rapidly, treat them like you would a new Iphone, that's the best way to understand EVs.
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May 02, 2024 06:04 PM
800 Posts
Joined Jan 2021
NeatShop7155May 02, 2024 06:04 PM
800 Posts
Quote from bullgates :
Volvo side brand
Pornstar💪
1

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