OK, so the “cash purchase” part is a little annoying, but Polestar doesn’t need to know where you got the cash, nor does it care. Due to it being completely banned in the US, Polestar does not want to finance you. Heck, some internet banks are happy to offer unsecured personal loans up to $100,000. If you make enough money to spend $30,000 on a new car, getting the cash shouldn’t be a problem.
Let’s say you are not sure about taking an unsecured personal loan with 10% APR to get a cheaper Polestar 4. Don’t worry, they’ve got you! Place a $1,000 deposit, and you can lease a rear-wheel-drive Polestar 4 for just $399 per month for 39 months. The mileage limit is only 7,500 miles per year, and additional miles are $0.25 each, but that’s probably OK. I’m not a fiduciary, I’m not your fiduciary, and nothing I say should ever be considered trustworthy financial advice, but we’re already gambling here. I say double down and cross your fingers that Polestar Financial Services won’t be around in 39 months to fine you for going over?
Of course, one of the annoying things about advertised lease pricing is that, even if you have a good credit score and really qualify for the best price, you’re also responsible for taxes, meaning your actual monthly payment will be higher. If you’re familiar with leasing, this isn’t news, but if it’s your first time, it may be a shock. Still, depending on where you live, $500 per month for a brand new luxury EV really isn’t bad.
Then again, this is America, where most people insist that all cars must be crossovers. Good. You can also get a $23,000 discount on the Polestar 3, bringing the base price down to $44,500 ($50,400 for the dual-motor). Alternatively, you can lease a long-range dual-motor Polestar 3 $579/month with $5,000 discount. Personally, I’d still go with the cheaper Polestar 4, even if it’s missing the rear window. But either way, anyone willing to gamble on a luxury Volvo that is technically banned in the US can get a deal with only a small chance of it blowing up in your face.
