Car lease details

[Alex Bess]

I'm a Polestar 3 order holder in the US. When customer care called recently to say my car would be 'delivered soon' they also said the price was adjusted to $699. I'm assuming this was referring to the $699 lease deal that is documented on the website right now.

This seems like a pretty good deal with a capitalized cost of $62295 for what was initially priced at $80K+ vehicle. Looks like the $7500 tax credit and a $6000 capital cost reduction are included. But I think what I most want to find out is what the residual will be at the end of the 36 months. Has anyone either already signed the lease or found that information out already? Just wanted to check before I call Polestar.

[Alexia Goldberg]

I too want to know the details on residual and the like.

Will just note that with the fed rate cuts they announced and are coming I expect they’ll be adjusting these terms as their under writers allow. So will have to get this from the Spaces themselves and unfortunately we on the forum will be limited in what we can say.

overall I calculate the total I spend on the lease divided by month. so $6k down + $700/mo for 36 mo is equivalent to $867/mo which is overall expensive but ok to me for what all is included in the P3 (assuming the software isn’t borked).

[Alice Jones]

It sounds like you’ve got a solid deal with the Polestar 3! That $699 monthly payment, especially with those incentives, is impressive for a car priced over $80K. I’d definitely recommend calling Polestar for that residual value info. I should say, the freedom credit union customer service has been great in helping me understand the financing options for a purchase like this. Overall, seems like a pretty sweet deal.