Polestar partners with Allied Credit in Australia to deliver finance options, guarantee future-value

Written by Cláudio Afonso | info@claudio-afonso.com

Polestar announced on Friday a partnership with Allied Credit in Australia to deliver finance options for new vehicles, including a guaranteed future-value option and competitive fixed-rate loan with balloon payment. Allied Credit is a privately-owned finance company established in 2010 to take advantage of demand from vehicle and equipment manufacturers, distributors and dealership groups to provide branded retail and floorplan finance solutions.

The company recently posted the first job vancancy for a Space Specialist in Sidney, Australia. Polestar seeks a specialist for its showroom (Polestar calls it Space) in Sidney to “participate on roadshows, events, and test drives across the country.”

Polestar CEO, Thomas Ingenlath

Electric vehicle up-take is accelerating in Australia and Polestar’s direct-to-customer finance offer will provide flexibility and security for anyone considering a new Polestar vehicle. The Polestar Guaranteed Future Value Loan will allow Polestar 2 owners to know, in advance, the minimum value of their vehicle at the end of the loan term.  At that point in time, the customer can choose to upgrade the vehicle for a new Polestar, pay the balloon and retain the vehicle, or return the vehicle with no balloon payment. — the company added.

“This is another very important step in making the Polestar purchase and ownership journey a convenient experience,” comments Head of Polestar Australia, Samantha Johnson. “The partnership with Allied Credit draws in great industry experience and will offer our customers the opportunity to arrange the funding elements of their Polestar ownership in a way that best suits them.”

Polestar announced on Wednesday that the first batch of Polestar 2 models has already arrived Norway regarding company’s partnership with Avis. The Swedish EV maker Polestar and the car rental company have signed an agreement on the delivery of 200 Polestar 2. The first batch arrived Drammen harbor today and the 145 units remaining are expected to be included in Avis’ fleet later this year. Since Polestar debut in the Norwegian market, the company delivered a total of 7,800 units.


On Tuesday, the company started delivering Polestar 2 Long range Single motor in Canada. The model has the longest range and lowest price in the brand’s lineup, while offering the same standard features as the high-performance dual-motor car. The model has an EPA-estimated range of 270 miles with a starting price of $49,900 CAD, or as low as $41,900 CAD in Quebec and $46,900 CAD in British Columbia after qualified provincial incentives but before any applicable fees and taxes.

Earlier this week, the company announced its arrival in Kuwait with the Polestar 2. The company has appointed BNK Automotive, the authorised distributor of Volvo Cars in Kuwait, as its representative in the country. The first Polestar Space in Kuwait is planned to open to the public in Kuwait City later in 2022.


Recently, the company announced the opening of its third UK Space at Touchwood, the award winning, 650,000 square foot shopping destination in Solihull’s town centre. The company has already other two spaces located at London Westfield and Manchester’s Trafford Centre.

Polestar recently said that, during the first half of 2022, it will establish in Hong Kong, Spain, Portugal, and Ireland. Israel, UAE (United Arab Emirates), and Kuwait are planned to be added to the Middle East market footprint. The company aims to be active in 30 global markets by the end of 2023.

Polestar intends to list on the Nasdaq in a proposed business combination with Gores Guggenheim, Inc., which is expected to close in the first half of 2022.

Written by Cláudio Afonso | info@claudio-afonso.com