Number looks about right when I plugged them in LH CALC. So far, everyone seems to agree that FED EV is already taken off, but no one from Polestar can explain how much is taken off.
So all in im actually looking at $560 monthly (PS adjusted for the $500 reservation fee)
If gas prices stays/hovers at $4 per gallon my estimated gas savings over 3 years is $5,141.700 at 36K miles.
BTW - 30 min complimentary charging from Electrify America for 2 years
Take this as a check if Polestar gave you the highest offer.
Baked into the RV
It is what it is. Can’t negotiate with polestar. Up to you to compare other vehicles and see if this is a better value. Just don’t put the equity from your other car down.
Honestly, it’s not as bad as I thought considering this market… have you run the numbers yourself to make sure everything is correct and have you compared to other markets?
The money factor seems to be good and the RV as well… really good chance the 7500 tax credit is baked into the RV and money factor is way. You won’t get that as a line item discount for this.
Take out your trade credit and you should see the monthly goes up to about 775. Only you can determine if you think the car is worth it.
They have a trade. It would be wiser to just take a check for the trade, but some people like to see a smaller monthly payment. It’s a but of a mental exercise.
Number looks about right when I plugged them in LH CALC. So far, everyone seems to agree that FED EV is already taken off, but no one from Polestar can explain how much is taken off.
So all in im actually looking at $560 monthly (PS adjusted for the $500 reservation fee)
If gas prices stays/hovers at $4 per gallon my estimated gas savings over 3 years is $5,141.700 at 36K miles.
BTW - 30 min complimentary charging from Electrify America for 2 years
Completely agree, will be spending the weekend helping a friend whose kid totaled a second car since October. The second car he totaled was 3 months old!
Agree! Unfortunately he needs a car to get to college every day, there is no public transportation. Normally he would get him a beater but even those are ridiculous now. The first one was definitely a driving error, this time it was poor judgement in driving home from a friend during a snowstorm, the car had AWD but he should not have gotten on the road in the first place and realized his mistake, was trying to get off the highway and go back when he skidded. My friend was happy the kid was ok and could take a bus home
Plus the money factor is low enough that the savings on interest from a large down payment is minimal. There’s no real benefit to putting it as a down payment vs taking it in a check except maybe if you do a lease extension at the end and they carry over the payment which they may or may not even do.
The only fact here is that the credit goes to the buyer (the bank in the case of a lease), and there is no stipulation that they pass any of it on to the lessee.
You should only go forward if you are comfortable with that.
The car had every safety feature, even the eyesight! Low power is not a good idea in our area, most places require highway driving and some of the on ramps are really short
lol, it is a typo. and $790 effective monthly payment but with the trade in value of $7,500 and $500 online reservation/deposit fee - it brings it down to $560.
It occurs to me, with regard to taking a check for the trade in, I would find out how that affects the tax you will pay. I always thought that a tax on a car you are trading in nets out the tax you will pay on the new car but I am not sure how that works on a lease so you may want to check that and see how much it costs you in additional taxes. Also, I would ask your insurance company if the car is totaled/stolen do you get the unused prepaid taxes back? that is a question for your insurance or DMV (or they can be rolled in)
