LGM and Polestar partner to bring new F&I products to electric vehicle market

August 13, 2020
Industry News
Press Releases

Vancouver, BC (August 10, 2020) – LGM Financial Services Inc. (LGM), a leader in Canada’s finance and insurance (F&I) industry, announced today that they have partnered with Polestar, a design-focused electric performance car brand that harnesses refined performance and cutting-edge technology, to launch two new branded F&I protection products.

These products, Polestar Appearance Protection and Polestar Vehicle Protection Plan, are now available at all Canadian retail locations and are designed to support the uncompromised experience Polestar wishes to offer to its customers.

Polestar Appearance Protection allows customers to protect the value of their new vehicle by keeping it looking as flawless and beautiful as it was on delivery day, while Polestar Vehicle Protection Plan provides customers with peace of mind warranty by offering unique coverage specific to Polestar models for potential breakdowns and costly repairs.

LGM designed these products for Polestar and will continue to support them with sales tools, retailer support, claims processing and field support. This includes a dedicated bilingual claims and retailer support network with exceptional customer service standards, as well as a best-in-class sales training program.

“We are thrilled to team up with Polestar to bring branded F&I protection products to the electric vehicle market,” says Drew Collier, President & Chief Executive Officer at LGM. “This partnership directly relates to our slogan “Proud to Be Responsible” and allows us to continue our goal of bringing about a consumer automotive experience that is technology-enhanced, transparent, fair and sustainable.”

“At Polestar, our mission is to bring driving pleasure into a new era with a product offering of progressive, electrified performance cars that are designed and engineered without compromise. We are delighted to be partnering with LGM as leaders in the F&I field,” says David Carroll, Director of Sales & Marketing at Polestar Financial Services North America. “These products will provide an enhanced experience to our customers knowing that nothing will prevent them from enjoying their vehicle to the fullest.”

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LGM Financial Services has been a leader in Canada’s automotive industry since 1998 by supplying branded warranty, finance and insurance products to distinguished automotive manufacturers and dealers across the country. Driven by innovation and service excellence, LGM is focused on maximizing dealership performance and customer satisfaction through products that are backed by an elite F&I sales and training program, and a comprehensive claims and dealer support network. Learn more at www.LGM.ca. 


Polestar is the electric performance car brand jointly owned by Volvo Car Group and Zhejiang Geely Holding. Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result. This facilitates the successful design, development and production of separately-branded, electric performance cars.

Polestar launched in 2017 with the Polestar 1 – a low-volume Electric Performance Hybrid GT with 619 hp, 738 lb.-ft. and an electric-only range of 70 miles – the longest of any hybrid car in the world. In 2019, the Polestar 2 was revealed as the company’s first fully electric, higher volume premium car. Arriving in markets from the middle of 2020, the Polestar 2 electric performance fastback comes with 408 hp and 487 lb.-ft., all-wheel drive, a 78 kWh battery pack and a range of 470 km (WLTP) for the first year of production.

In 2020, Polestar released the Precept – a vision study vehicle designed to showcase the brand’s future vision in terms of sustainability, digital technology and design. In the future, Polestar 3 will join the portfolio as a fully electric performance SUV.