General

Used Polestar 2s Get 0.99% Financing Deal – CarsDirect

According to a recent dealer incentive bulletin, Polestar has dropped the financing price on its stock of certified pre-owned Polestar 2s. Financing deals now start at 0.99% APR, an unusually good rate for a used car. It’s the same as the special financing rate for new Polestar 2 Dual Motor cars.

Why finance a used Polestar 2 when you could get a new 2022 Polestar 2 for the same rate? It may come down to price. These prices for the CPO vehicle are strange to see, as used cars usually see higher APR rates than new cars.

A new Polestar 2 Dual Motor AWD fastback retails for an MSRP of $51,200 in base trim, before eligible tax credits. Well-qualified buyers can now finance a 2022 Polestar 2 for a special APR of 0.99% for up to 60 months.

Certified pre-owned shoppers with Tier one credit scores of 700 or higher may be eligible for the same rate, and the same loan terms, which is a great deal. Borrowers with Tier two and Tier three credit scores, between 650 to 699 and 600 to 649, respectively, can finance a 2021 or 2022 Polestar 2 CPO for 1.49% and 1.99%. These are still good rates for a CPO vehicle.

Polestar CPO vehicles are each inspected and serviced with the same attention to detail as a new one, according to their website. All CPOs come with a minimum 24-month warranty and roadside assistance. If any work needs to be done, all service is with OEM parts. Additionally, all Polestar CPO vehicles can be purchased through a fully-digital online process. But, since there’s nothing like seeing to believe, you can schedule a test drive at your nearest Polestar Space.

These luxury EV models are striving to be a rival for Tesla, and are doing a good job emulating their online ordering and delivery process, but with the class of its parent company Volvo. Though the current deal on CPO financing is a good one, you’re still getting a used car. If you’re looking into a Polestar, you can order the Polestar 2 Dual-Motor Long-Range new or CPO, but the cheaper, single-motor FWD version isn’t yet available for delivery.

Top CPO Car Deals

Pictured: 2022 Polestar 2

Next Post