I live 70 miles away from my Polestar dealer and I had one issue in 3 years. It really wasn't a problem with the car, it was a 2 year maintenance check.They sent a Polestar truck to pick up my car and drop off the loaner. Two days later the same truck bought my car back to my house and took the loaner away. The only reason it took two days is I loved driving the newest model with ventilated leather seats and I wanted to keep it an extra day. The driver even parked my car in my driveway. BTW, the loaner was a brand new 2024 PS2 Performance. I have no complaints. In three years I have never had to drive to Polestar for any service. How many people can say that they haven't been to a service center in three years?
I just reserved a base single motor. Even with a 3 year / 12K mile lease, it's a killer deal. Total due at signing factoring in costco discount: $2,340. $388/Month.
Can you show the lease calculations if you have negative equity on a vehicle you're looking to trade into a lease? Curious is that would be a better deal for some
Small EV insight: Most manufacturers recommend charging to 80% to optimize battery health. Also, many utility companies offer rebates around $1,000 for EV charging equipment and you can pocket the difference (like i did). Thanks for showing step by step how to calculate a 1% deal. Very thorough and I will certainly use that to evaluate lease offers going forward.
Hello sir. Thank You for this video. Would I receive a 7,500 ev tax credit if I lease this? Also, would you rather get this or the model 3 if you had a choice? Tia
All electric vehicles should have a fantastic lease deal, a 27 month lease means that you pay the tags for a year but you have it for 3 months, not a good deal. A 3 year lease is better than a 24 or 27 month lease.
I've watched your videos and the 1.25% rule. What doesnt make sense is how do you figure it is a better deal than buying a car???? Yes the payment every month as a ratio to the MSRP can be lower on a Lease but you also have to return the car at the end of the lease or be ready to buy it which means you end up paying the full sticker price of the car without any negotiations that you wuld have done if you were buying the car. Help me understand how this metric works. You also are not talking about the implicit interest rate on the Lease which may be really high.... higher than the buying option? This metric not making sense to me. Pls help me understand the logic.
Both great deals, but the Polestar 2 is a much better car overall. I’d personally go the Polestar route. Not saying the bz4x is bad, but slight edge to the Polestar.
The *BIG* issue is that there are very few sales & service centers. A cheap car is great, but if you can't get service for it, going to be a bit worthless.
Wish i was in the market for another car this month. Would be interested to see how long both deals (lease/costco) last. Either way, great tip and video. My first video of yours Ive zeen, but you ust earned my sub
This deal is still available until July 31 what they do they will discount the car by extra $2000 total discount will be $12000 if you don’t want to pay extra for colors the Jupiter color is free of charge with no extra package I believe your payment will be $299 plus tax per month it’s great value for leasing you can always buy the car after the lease but would not recommend it even the sales people say that to because they will tank pretty heavily best of luck also SEE IF YOUR COUNTY HAVE ANY INSENSITIVE FOR LEASING AN EV OR BUYING ALSO CHECK WITH YOUR ELECTRIC COMPANY MOST OF THE TIME THEY SOMETHING THAT YOU CAN USE AS DOWN PAYMENT ALSO good luck 👍
Google search “Costco polestar” and the offer will be in the search results. Enter your Costco info and you will be able to print a $2000 certificate that you then bring to the dealer
Yes it’s still available until the end of this month you can go to any polestar dealer and they know about it quick tip see if your county offer insensitive for owning an ev car you can include that to as when lease my advice don’t buy it just lease it and give it back because the value will tank good luck 👍
It is a great lease deal. If your only concern is monthly payment, your analysis is sound. BUT, a car purchase gives you an asset worth something. After 27 months on a lease your owned value is zero. On a purchase you have built up some equity. And after 72 months you own 100% of the market value. You could theoretically drive it several more years with a zero monthly payment.
Yes but you can buy your lease at the end of the 3 years if you want to keep it long term. And you get the $7500 credit if you lease whereas if you purchased, you don’t. Particular for this car, leasing is the better option and it’s not even close. For others cars that don’t lease well, your logic is sound. 🙏🏾
I ran the numbers against my 2023 model Y long Range with 250 deductible for collision and 0 for comp in the state of Florida and the rates were similar
@@rafaelcano5593 rates have gone up because we are in Florida however my 23 model Y insuring it alone with a $250 deductible for collision and 0.00 deductible for comprehensive ,$500,000 property damage and 250,000 per person personal injury 146. With State Farm.
@@tonyb1463they gave me a choice of silver or blue. Very little left. Princeton is the dealer. If I took silver I could have the car today. Blue will be delivered early July. I took the blue
Please don't promote leasing! The car companies are trying to force us into perpetual leasing for maximum profits. "You will own nothing and like it." If we all refuse to lease, then they will have to reduce purchase prices.
@@82mattlopez Leasing & pease buyouts is throwing money down the toilet. Just wait tor prices to come down or shop used from a private party. That is where best deals can be found.
Ice vehicles are great, especially hybrids. But you have a narrow mindset if you believe ev's are outright trash and that no one wants them. I suggest you do some more research. Thank you
Pretty much all vehicles are miracles of ingenuity and engineering, people are closed minded and often fear change. I bet people preferred horses at one point too.
@neilberkeley5469 not a good example, cell phones were welcomed with open arms. They obviously solved a problem, big one. Price was the only issue. EVs on the other hand are pushed by climate concern, not a problem everyone identity with or agree with. Also, the existing product (combustion engine is doing just fine).
I live 70 miles away from my Polestar dealer and I had one issue in 3 years. It really wasn't a problem with the car, it was a 2 year maintenance check.They sent a Polestar truck to pick up my car and drop off the loaner. Two days later the same truck bought my car back to my house and took the loaner away. The only reason it took two days is I loved driving the newest model with ventilated leather seats and I wanted to keep it an extra day. The driver even parked my car in my driveway. BTW, the loaner was a brand new 2024 PS2 Performance. I have no complaints. In three years I have never had to drive to Polestar for any service. How many people can say that they haven't been to a service center in three years?
I just reserved a base single motor. Even with a 3 year / 12K mile lease, it's a killer deal. Total due at signing factoring in costco discount: $2,340. $388/Month.
I heard that the single motor version is actually the newest gen, the dual motor is old gen.
Bought my 2024 polestar 2 yesterday
Thank to you and this information
Much appreciated 👍
Can you show the lease calculations if you have negative equity on a vehicle you're looking to trade into a lease? Curious is that would be a better deal for some
Small EV insight: Most manufacturers recommend charging to 80% to optimize battery health. Also, many utility companies offer rebates around $1,000 for EV charging equipment and you can pocket the difference (like i did).
Thanks for showing step by step how to calculate a 1% deal. Very thorough and I will certainly use that to evaluate lease offers going forward.
SUPERBLY HELPFUL!!! Thank you.
Glad I could help!
at least in San Jose area I cannot see anything less than $347/month (MSRP $54,550) as of today
Does the Polestar come with the upgraded stereo?
If I get this in NJ, no tax is included right?
Is this applicable in Indiana?
Hello sir. Thank You for this video. Would I receive a 7,500 ev tax credit if I lease this? Also, would you rather get this or the model 3 if you had a choice? Tia
Do u know if we can do a lease buy out at the end?
Great question - According to their website, you can!
@@RaviWadanAnd what was the residual amount?
Quoted 62%
What about VW ID 4 any special lease
All electric vehicles should have a fantastic lease deal, a 27 month lease means that you pay the tags for a year but you have it for 3 months, not a good deal. A 3 year lease is better than a 24 or 27 month lease.
I've watched your videos and the 1.25% rule. What doesnt make sense is how do you figure it is a better deal than buying a car???? Yes the payment every month as a ratio to the MSRP can be lower on a Lease but you also have to return the car at the end of the lease or be ready to buy it which means you end up paying the full sticker price of the car without any negotiations that you wuld have done if you were buying the car. Help me understand how this metric works. You also are not talking about the implicit interest rate on the Lease which may be really high.... higher than the buying option? This metric not making sense to me. Pls help me understand the logic.
from a lease perspective which deal do you like the Toyota BZ4x or the Polestar 2
Both great deals, but the Polestar 2 is a much better car overall. I’d personally go the Polestar route. Not saying the bz4x is bad, but slight edge to the Polestar.
@@RaviWadan My feelings too, I own a model YLR and I'm looking at both today for a second vehicle
The *BIG* issue is that there are very few sales & service centers. A cheap car is great, but if you can't get service for it, going to be a bit worthless.
Service for theses vehicles can be done at a variety of Volvo dealerships
I thought volvo is separating from polestar
Volvo is no longer an investor, correct?
Wish i was in the market for another car this month. Would be interested to see how long both deals (lease/costco) last.
Either way, great tip and video. My first video of yours Ive zeen, but you ust earned my sub
Use this video as a mark and see if the deal is better or not.
How about insurance
Does Polestar pay for a home charging station?
Thank
You so much. Will
Go next week to inquire on this
This deal is still available until July 31 what they do they will discount the car by extra $2000 total discount will be $12000 if you don’t want to pay extra for colors the Jupiter color is free of charge with no extra package I believe your payment will be $299 plus tax per month it’s great value for leasing you can always buy the car after the lease but would not recommend it even the sales people say that to because they will tank pretty heavily best of luck also SEE IF YOUR COUNTY HAVE ANY INSENSITIVE FOR LEASING AN EV OR BUYING ALSO CHECK WITH YOUR ELECTRIC COMPANY MOST OF THE TIME THEY SOMETHING THAT YOU CAN USE AS DOWN PAYMENT ALSO good luck 👍
Mathematically the numbers look fine, however, the car valuation probably is much less than $56k
Exactly
Is this lease still available? I did not notice the Costco $2k in the incentives?
Google search “Costco polestar” and the offer will be in the search results. Enter your Costco info and you will be able to print a $2000 certificate that you then bring to the dealer
Yes it’s still available until the end of this month you can go to any polestar dealer and they know about it quick tip see if your county offer insensitive for owning an ev car you can include that to as when lease my advice don’t buy it just lease it and give it back because the value will tank good luck 👍
U did not account 10k discount on the msrp, this change the math that you have put.
That’s not how it works.
Polestar started off as Volvo's performance arm, like AMG for Mercedes Benz.
It is a great lease deal. If your only concern is monthly payment, your analysis is sound. BUT, a car purchase gives you an asset worth something. After 27 months on a lease your owned value is zero. On a purchase you have built up some equity. And after 72 months you own 100% of the market value. You could theoretically drive it several more years with a zero monthly payment.
Yes but you can buy your lease at the end of the 3 years if you want to keep it long term. And you get the $7500 credit if you lease whereas if you purchased, you don’t. Particular for this car, leasing is the better option and it’s not even close. For others cars that don’t lease well, your logic is sound. 🙏🏾
Watch this video I Burned Money by Buying a Polestar 2
If you want to buy one buy a CPO
@@Moondoggy1941 you didn’t lease?
Also I found out the TESLA has more expensive insurance. Any info on increased insurance costs?
I ran the numbers against my 2023 model Y long Range with 250 deductible for collision and 0 for comp in the state of Florida and the rates were similar
I'm in Miami,what was your rate
@@rafaelcano5593 rates have gone up because we are in Florida however my 23 model Y insuring it alone with a $250 deductible for collision and 0.00 deductible for comprehensive ,$500,000 property damage and 250,000 per person personal injury 146. With State Farm.
Polestar in nj has no awd cars without paying extra for paint color. Also was told Costco rebate does not come off money down but msrp of the car.
Wrong, costco $2K is off the down payment, just leased one. Choice of color is $18 more per month. Got a thunder gray.
Did you lease from Princeton? This was direct from my salesman.
@@tonyb1463 @lowdime305 I was about to call them tomorrow. I am a costco member. what was your final amount down and monthly payment if i might ask?
@@lowdime305hello, how does the costco credit work? Like do they take off the $2000 from the downpayment? Or do we get that later in a rebate? Tia
@@tonyb1463they gave me a choice of silver or blue. Very little left. Princeton is the dealer. If I took silver I could have the car today. Blue will be delivered early July. I took the blue
Why not add another 180 bucks a month So as to include the total cost of all the money you. Pay Down and sales tax etc?
Electric vehicles are the best, I've driven one almost everyday since 2017 and I'm very satisfied with them
Does the Costco discount apply to the signing amount or to the overall msrp? The quote I have from polestar have it under msrp.
Volvo just ditched polstar. So a big concern is their existence like other ev startups.
It is 27 months lease dude, you won't own the car
They still have the Chinese behind it, and that is more important in today's world than volvo.
Good stuff
Very, very helpful. Thanks.
dont know how your getting 0 out of pocket at signing
Zero down, sorry just heard you say that.
So after all the add on it is not a good deal
So… you advocate for self insuring against mechanical breakdown on rolling computers. Neat.
no cars available lol
Equinox EV is better by far.
Too short of range
So the cheap Chinese EVs are finally here.
Please don't promote leasing! The car companies are trying to force us into perpetual leasing for maximum profits. "You will own nothing and like it." If we all refuse to lease, then they will have to reduce purchase prices.
I wouldn't do anything but lease a EV. The prices are dropping like rocks and being upside down is not a option
@@82mattlopez Leasing & pease buyouts is throwing money down the toilet. Just wait tor prices to come down or shop used from a private party. That is where best deals can be found.
I’m leasing it. Best deal in town. We all waste money…
Leasing is a sucker bet. Property ownership is what makes America great.
😂 EV's are trash, nobody wants them, that is why they are so cheap.
Ice vehicles are great, especially hybrids. But you have a narrow mindset if you believe ev's are outright trash and that no one wants them. I suggest you do some more research. Thank you
Pretty much all vehicles are miracles of ingenuity and engineering, people are closed minded and often fear change. I bet people preferred horses at one point too.
Then go back to a land line phone too? Because cell phones had the same reaction at first
Now we all have one
Think about that for a moment….
Jeebus. What’s with you? Troll. Keep on paying $150 a fill up for your big truck.
@neilberkeley5469 not a good example, cell phones were welcomed with open arms. They obviously solved a problem, big one. Price was the only issue. EVs on the other hand are pushed by climate concern, not a problem everyone identity with or agree with. Also, the existing product (combustion engine is doing just fine).
Nissan Ariya has much better lease
Not sure if it’s much better but it’s also a very good lease deal
🚗👍👍👍
Fisker is cheaper and better than Polestar2‼️‼️🤣🤣
That aged well. Fisker is bankrupt and the Ocean is falling apart.
I’m not sure this is a great deal on a Chinese maid car⁉️ Where is the $7500 federal rebate⁉️
“Maid”? China makes the best EVs and batteries in the world. Do your research.