Best Polestar lease deals

The cost of leasing a Polestar will vary depending on the model you choose, your contract term (duration), advancement payment and car lease provider. 

For a top-of-the-range fully electric Polestar 4 SUV coupé, leasing starts from around £942 (inc VAT) over 48 months, with an initial rental payment of £11,304. In this case, the initial rental is the equivalent of 12 months of payments. There’s usually a vehicle sourcing fee as well.

Polestar car leases typically include a mileage limit, and exceeding this can result in additional costs. In the example above, excess miles over the contracted mileage of 5,000 over 12 months will be charged at 25.48p per mile. Lease costs and charges will vary between providers; the above is just an example. 

Additional costs apply if you select maintenance packages and higher-spec configurations for your Polestar lease. 

The inclusions in your Polestar lease deal will depend whether you choose to lease through the manufacturer directly or with a third-party car lease provider. 

A Polestar lease will generally include: 

• Full use of the vehicle for the lease period (which can range from 24-60 months)
• An allocated annual mileage between 5,000 and 15,000 miles (over-mileage fees may apply if you exceed your set mileage)
• VED 
• Standard manufacturer’s warranty
• Scheduled servicing 

However, there are exclusions with a Polyester lease, the main one being insurance. It’s your responsibility to ensure your leased EV is insured, just as you would if it was under another type of car finance. Excess charges may also apply if you breach manufacturer servicing or maintenance guidelines or if the car exceeds the BVRLA guidelines on fair wear & tear.

All things considered (mileage, rental payment, etc.), a Polestar 2 hatchback is likely to be the cheapest lease option available, primarily because it’s more widely available than other Polestar EV models. Leasing a Polestar 2 can start from £755.86 (over a 48-month period), with an initial rental payment of £9,070.32. In this case, the initial rental is the equivalent of 12 months of payments. 

Here are some ways you may be able to save money on a Polestar lease deal:

• Shop around: Compare deals from different leasing companies to see which comes out the cheapest (or with the most flexible car lease terms). You can use CarLease.co.uk to find the providers offering the best prices on Polestar leases.
• Negotiate terms: While the vehicle’s purchase price is typically non-negotiable if you buy from Polestar directly, you may have some wiggle room to negotiate your lease costs because lease companies generally buy in bulk from the manufacturer. 
• Consider a used Polestar: If you're open to driving a pre-owned EV, consider leasing a used Polestar, which could be a more affordable option if available.
• Look for special offers: Car lease providers generally advertise special leasing deals and limited-time offers, often towards the end of a month, quarter or model year. 
• Choose your mileage limit carefully: This could help you avoid excess mileage charges for going over your limit.
• Maintenance packages: Consider whether adding a maintenance package to your lease is a cost-effective option, especially when it already includes scheduled servicing. 
• Consider salary sacrificing: If you're eligible, paying for your Polestar lease through your employer's salary sacrifice scheme can offer some decent tax savings.

When your Polestar lease ends, you’ll have a few options to consider: 

• Return the vehicle: You can return your Polestar model to the leasing company. They will inspect the vehicle for internal/external damage or excessive wear and tear. If the vehicle is damaged beyond what is considered normal or reasonable wear and tear, or if you've exceeded the mileage limits in your lease agreement, you may incur additional charges.
• Lease another Polestar: You can upgrade to a newer Polestar model to get the latest tech and features, or you can always switch to a different brand if you prefer.
• Extend the lease: Some lease agreements offer flexibility in extending the lease. If you’re satisfied with the Polestar model you’ve been leasing, this could be a good option. The leasing provider may charge an admin fee to extend the lease.

It may be possible to lease a Polestar without a deposit. You can select the lowest available initial rental payment which is generally the equivalent of your monthly payment. Keep in mind that if you pay a lower initial rental, the regular payments on your Polestar lease will be higher. Your credit score may affect your ability to choose the lowest initial rental and your lease terms. 

To be eligible for leasing a Polestar in the UK, you must meet the following minimum criteria:

• Be over 18 years of age
• Have a full driving licence
• Have a good credit score
• Have an income that’s sufficient to cover your lease payments.