Representative Example: You could borrow £10,699 over 60 months with an initial payment of £495.89 (including £199 Admin Fee) followed by 58 monthly payments of £296.89 with a final payment of £495.89 (including optional £199 Option to Purchase Fee). Total amount repayable will be £19,012,40. 26.1% APR, annual interest rate (fixed) 13.3%.
Buying a Used Polestar on Finance
Financing a used Polestar lets you spread the cost over time. You can choose a Hire Purchase (HP) plan, paying fixed monthly amounts until the car is yours, or a Personal Contract Purchase (PCP) with lower monthly payments and a larger final payment if you decide to keep it. Before you apply, check your credit score, compare deals, and look for a car with full service history. This approach helps you drive a premium EV without stretching your budget.
Polestar strikes a great balance between performance and practicality. It’s a brand designed to bring exciting electric driving without sacrificing everyday usability. You get a premium feel, think soft materials, smart tech, and a smooth ride, without the high price tag of more established luxury EV brands. Polestar models come with generous warranty cover, including an 8-year or 100,000 mile warranty on the battery, which gives peace of mind for long-term ownership.
Inside the car, you’ll find advanced infotainment systems based on Google’s Android Automotive, which means smooth navigation, real time updates, and familiar apps like Google Maps and Spotify built in. Polestar also includes plenty of safety tech as standard, so you’re not constantly paying for add ons. If you want a car that looks sleek, feels great to drive, and still works well for the daily commute, Polestar is a strong contender.
Whether Polestar is better than Tesla depends on what matters most to you. Polestar cars, particularly the Polestar 2, are known for their premium interiors, excellent build quality, and a driving experience that feels solid and refined. The design is more traditional and driver focused, with high quality materials throughout the cabin. In contrast, Tesla focuses on minimalism and cutting edge tech, some drivers love the clean touchscreen layout, while others prefer Polestar’s mix of digital controls and physical buttons.
Tesla does have an edge when it comes to electric efficiency and charging infrastructure. The Tesla Supercharger network is still the most widespread and reliable, which can be a major selling point if you do a lot of long distance driving. But if you care more about driving comfort, Scandinavian design, and build quality, Polestar offers a very compelling alternative, especially for those who want a car that feels more “premium” inside.
Polestar is a newer brand, so it doesn’t have decades of data behind it, but early impressions are good. The Polestar 2, for example, has seen a few recalls for things like battery issues or suspension components, but most problems have been addressed quickly by the manufacturer. Overall, customer reviews tend to highlight strong build quality and a reassuring sense of durability.
Because Polestar is backed by Volvo and its parent company Geely, you also benefit from shared technology that has been tested in other vehicles. That adds a layer of trust for buyers who might be wary of a newer name in the EV market. Like any car, keeping up with regular servicing is the key to long term reliability.
Running costs for a Polestar are much lower than for petrol or diesel cars. If you charge at home, expect to pay around 8 to 10 pence per mile, this could drop to under 5 pence if you have an off peak energy tariff. That’s a big saving compared to filling up with fuel. On top of that, EVs are currently exempt from road tax, congestion charges in places like London, and may even benefit from lower parking or toll costs.
Insurance can be on the higher side, with Polestar models typically falling into insurance groups 40 to 45. This is similar to other premium electric cars, so it’s worth comparing quotes. Servicing costs are also lower, since there are fewer moving parts than in petrol or diesel engines, no oil changes, spark plugs, or timing belts.
Polestar cars hold their value reasonably well for electric vehicles, especially compared to some lesser-known EV brands. The Polestar 2, for instance, retains around 48% of its value after three years and 60,000 miles, which is respectable. Cars with higher trims, dual motors, or long range batteries tend to hold value slightly better.
If you're buying on finance, depreciation matters most if you plan to change cars regularly. A used Polestar with low mileage and full service history will be easier to resell or part exchange in the future. And since electric car demand is growing, used EVs are holding their value better than they did a few years ago.
Polestar is owned by Volvo and its parent company Geely. That means the cars are developed with Volvo’s safety, engineering, and quality in mind, but with Polestar’s own identity and performance focus. Assembly takes place in facilities across China, South Korea, and the US, depending on the model.
Although it started as Volvo’s performance division, Polestar now stands alone as an all-electric brand. This backing from Volvo and Geely means Polestar has access to proven technology and global manufacturing, which helps ensure quality and support for UK customers.
Battery replacements for Polestar vehicles are extremely rare and usually not needed within the first 8 to 10 years of ownership. That’s because Polestar provides an 8-year or 100,000-mile warranty for the battery. If the battery drops below 70% capacity during that time, it will be repaired or replaced under warranty.
If a battery did need to be replaced outside of warranty, early estimates suggest a cost of £12,000 to £15,000. However, battery prices are expected to fall over time as technology improves. For most drivers, the warranty and slow battery degradation make it unlikely that they’ll face this cost anytime soon. Charging habits, software updates, and proper maintenance all help protect battery health in the long run.
Here are some of the most popular Polestar models financed in the UK, and for good reason. Each one offers something different, depending on what the driver needs or prefers.
If you’re thinking about buying a used Polestar, finance could be a simple way to get the car you want without paying all at once. With HP, you make monthly payments and own the car at the end of the finance agreement.
Before applying, it’s worth checking your credit score, comparing offers, and making sure the car has a full service history. Choose a monthly payment that fits your budget.
Remember: When buying any used vehicle, there’s always a chance that issues may come up later. If you’ve financed a car and start to notice mechanical problems, it’s important to contact both your finance provider and the dealership where you bought the vehicle. Acting quickly can help get the issue resolved and protect your rights.
The Polestar 2 is the brand’s most popular model and for good reason. It’s a sleek 5-door electric hatchback that combines eye catching design with real-world usability. The standard model features a 78 kWh battery offering around 320 miles of range (WLTP), with options for either a single motor (front-wheel drive) or a dual motor setup (all-wheel drive) for more power and traction. Inside, you’ll find a minimalist but high quality cabin packed with tech. It uses Google’s Android Automotive system, which means built-in Google Maps, voice control, and Spotify integration, all without needing your phone. The boot offers around 405 litres of space, making it suitable for everyday tasks like shopping, commuting, or weekend trips. The Polestar 2 is ideal for drivers who want a refined electric car that’s stylish but still practical. Thanks to fast charging up to 205 kW, you can recharge from 10% to 80% in around 30 minutes at a rapid charger. This makes it a very capable option for those who want a reliable EV for long term use.
The Polestar 3 is Polestar’s first full size electric SUV, built with comfort, space, and performance in mind. With its bold, sculpted design and nearly 400 miles of range (WLTP), it offers a strong combination of long distance driving ability and everyday practicality. Inside, you’ll find a luxurious, tech rich interior with sustainable materials and excellent legroom for passengers. There’s also a spacious boot, ideal for families or drivers who regularly carry a lot of luggage. As a premium SUV, it competes with the likes of the BMW iX and Tesla Model X, but with a distinctive Scandinavian design and a strong focus on safety (inherited from Volvo). The Polestar 3 is perfect for buyers who want SUV capability, high comfort levels, and cutting edge electric performance all in one package. It’s especially appealing for those making the switch from a large petrol or diesel SUV.
The Polestar 4 is a futuristic electric coupe-SUV that pushes design boundaries. It’s the second SUV in the range but takes a more dramatic, coupe inspired shape, with no rear window and a sweeping roofline for a bold, sporty look. Despite this, it still offers practical rear space, and the use of a high definition rear view camera ensures great visibility. With a range of up to 385 miles (620 km WLTP) depending on the configuration, the Polestar 4 offers serious capability. You can choose between rear-wheel drive or dual motor all wheel drive for extra performance. The interior is just as forward thinking, with a large central screen, ambient lighting, and high quality recycled materials. This model is ideal for drivers who want standout design, advanced technology, and a balance between practicality and performance. It’s expected to be one of Polestar’s biggest hits with style-conscious EV buyers.
The Polestar 1 was the brand’s first production car and is very different from the others. It’s a high end plug-in hybrid coupe that blends electric driving with a powerful petrol engine, producing over 600 bhp in total. It offers around 70–80 miles of pure electric driving more than most PHEVs on the market. Built in limited numbers, the Polestar 1 is now a rare find. It features carbon fibre bodywork, hand crafted interiors, and one of the most luxurious cabins Polestar has produced. This model is perfect for collectors or drivers who want a performance grand tourer that looks and feels exclusive. Due to its rarity and hybrid nature, the Polestar 1 may not be as cost efficient as newer EVs, but it certainly delivers in terms of presence, refinement, and driving pleasure.
The BST Edition of the Polestar 2 is a special, performance-tuned version built for drivers who want something extra. Limited to just 270 units, the BST delivers faster acceleration, sharper steering, and lower suspension for a more aggressive, sporty ride. It still offers practicality with four doors and a usable boot, but the handling and feel are closer to what you'd expect from a high performance saloon. It also includes exclusive features like forged alloy wheels, Öhlins adjustable dampers, and upgraded brakes. The BST Edition is perfect for EV enthusiasts who want to stand out and enjoy the road without giving up everyday usability. It’s rare, exciting, and proves that electric cars can still deliver serious fun behind the wheel.
