Polestar Tempts Tesla Owners With $20K Lease Incentive For Polestar 3

Polestar is throwing down the gauntlet, and Tesla owners might want to pay attention. The Swedish EV brand is handing out up to $20,000 in sweet incentives to anyone willing to ditch their Tesla and hop into a Polestar 3 lease. Here’s the deal: If you currently own or lease a Tesla, flash some proof (registration or insurance docs with your VIN and name), and boom—you get a $5,000 Conquest Bonus toward leasing a Polestar 3.

This offer is only good from February 21 to February 28, so you have to move fast. Even if you don’t have a Tesla, Polestar’s still feeling generous. They’re handing out a $15,000 Clean Vehicle Incentive to anyone who signs a Polestar 3 lease before the deadline.

Stack both, and you’re looking at a massive $20,000 discount—but there’s a catch. Your Polestar has to be delivered by February 28, and availability depends on where you live. The 2025 Polestar 3 lineup starts at $68,900 for the Long Range Single Motor, which gets 350 miles of range and 299 hp. The Long Range Dual Motor starts at $74,800, and the Performance version sits at $80,800.

With the $15K discount, you can lease a Long Range Dual Motor for $599 per month over 27 months, with $5,599 due at signing (which works out to an effective $806 per month). No word yet on the Tesla owner discount pricing, but it’ll be even lower. Sounds like a killer deal, but don’t let the big numbers distract you. APRs, residual values, and hidden fees can eat into those savings.

And remember, you can lease Tesla's Model Y Juniper Long Range AWD (loaded with options) for $796 per month with no down payment on a 36-month deal. Once Tesla drops standard versions of the refreshed Model Y, prices will only get juicier. Moral of the story? Polestar’s making moves, but do the math before you jump.