Polestar details new leasing offers for first electric car


Volvo’s luxury branch Polestar now offers its first electric model with new leasing rates in Sweden and Germany. The Polestar 2 starts from €599 a month in Germany based on 48 months and mileage of 10,000 kilometres per year.

Polestar also covers routine maintenance and services, including electric vehicle collection and delivery for the first three years. The basic purchase price of Polestar 2 in Sweden is as follows.

In its home country, Polestar offers the all-electric car for SEK 5,499 per month, at 36 months, 1,500 mileage year and 20% cash contribution. The service deal is as above. Also, buyers may apply for the country’s climate bonus of SEK 60,000, which reduces the monthly price during the 36 months to SEK 3,832. Additionally, the benefit value is at SEK 3,761, which gives a monthly cost of SEK 2,070 net at 55% marginal tax.

Buyers in both countries may expect “guaranteed delivery” in 2020 once they place a reservation. Polestar follows a unique (or Tesla-like) sales concept with sales being made online and in so-called Polestar Spaces. By the end of 2020, Polestar aims to open a total of 50 stores worldwide.

Thomas Ingenlath, Polestar CEO, considers the new leasing offers to have “competitive conditions and good specifications,” designed to rival the Tesla Model 3.

As reported, the Polestar 2 is the brand’s first all-electric model. Based on Volvo’s CMA platform, the five-door hatchback’s power is at 300 kW of power and 660 Nm of torque so that the EV accelerates from 0 to 100 kph in less than five seconds. The 78 kWh battery provides a range of up to 500 km, according to WLTP. The DC charging capacity is expected to be 150 kW, the AC charging capacity 11 kW.

Recently published prices include the UK, where the base price is 49,900 GBP. In Germany, the electric car will start at 58,800 euros, Norway (469,000 NOK), Sweden (659,000 SEK), Belgium and the Netherlands (59,800 euros).

Outside of Europe, Polestar is planning to launch the electric car in North America, where Volvo and its subsidiary get separate tax credits and China, where Polestar opened a new factory. The guide prices of 63,000 US dollars and 460,000 yuan (around 57,300 and 58,600 euros, respectively) will apply there.

Polestar is the performance electric car brand jointly owned by Volvo Car Group and Zhejiang Geely Holding of China.



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