That's kind of sad....stay healthy my friend!
How long do you plan on keeping your Polestar 2?
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..... the tech inside looks and feels old now never mind how it would feel in that much time
Disagree.
But the bigger question is - Why then, did you buy (or did you?) a car that, in your words, "looks and feels old, now". Were you asleep when you bought it?
I bought my car at 11 months old and plan on trading it in just before the warranty runs out. I cover roughly 30-35 thousand a year so she will be up in the 80 thousand mark by then. I would get another P2 im really enjoying mine.
That true with almost all used cars, the options add almost zero value and a loaded model will generally be worth only slightly more than a loaded one. There is a saying in leasing that you lease the car and purchase the options. Porsche owners reading this will say, "hold my beer".
You buy the options to have a better driving experience. Enjoyment. That said, in a crowded market, options will help you sell your car, quicker, and for asking price.
Was a cheap work deal with free charging, I didn't say the car looked old, from the outside its a great looking car, but the inch lip around the center screen feels abit 5 years ago, and the camera quality is poor, app is also dreadful, the very few if any features have been added to the car in the 15months I've had it, materials on the interior are also cheap looking, even with the plus packDisagree.
But the bigger question is - Why then, did you buy (or did you?) a car that, in your words, "looks and feels old, now". Were you asleep when you bought it?
Your advice is very good in a normal situation. However, US Polestar situation is not normal right now. We have these online companies that give you a price for the car without seeing it and without knowing anything about it (Carmax, Carvana, Vroom, Shift, Givemethevin, etc). They use computers to tell them the value based on used sales data for the brand. Polestar does not have enough used sales with the options so the computer just ignores their value entirely. It just prices every AWD car the same. Quotes from these sites give sellers a floor for their eventual sale. You are not going to sell privately below that value if you can click accept and have them pick up your car the next day and give you the check. So in that effect they influence the market quite a lot. I had a fantastic trade-in offer from Tesla in January on my Polestar but chose to keep the car at that time. It was a $45k trade-in offer that would have saved me even more money in the sale tax. Mine is a basic LRDM Polestar 2 that cost around $52.5k new. I paid $1200 for the software upgrade and probably had $1000 in fees. So let's say $55k cost (not much sales tax due to a trade in). I got $7500 federal tax credit and $2500 state tax credit so my basis in the car is around $45k if I'm being honest with myself. After 14 months of ownership I only had about 4000 miles on the car (too long of a story and not relevant to the discussion). In the last two months I have been getting quotes from all of the online places every ~10 days or so. Quotes ranged between $34 and $39k. Then one morning I got a quote for $43.3k from Vroom. A month earlier they had offered $34k. So in 14 months of ownership I lost let's say two grand driving this car considering the tax credits that I received. Given what my insurance was going to cost me and that I had too many cars, I made the decision to let the car go. Someone on here bought a low mileage PPP for $38k few weeks ago from a dealer who did not know what they had. This market is stupid insane. Vroom listed my car for $48k before they even picked it up. After a week they have already lowered the price of it to $47k. They have no chance in hell in my opinion to ever sell it for that amount or even close to it. They will eventually have to sell it below what they paid me.You buy the options to have a better driving experience. Enjoyment. That said, in a crowded market, options will help you sell your car, quicker, and for asking price.
So ignore common sense in the US regarding Polestar. Also be careful being stuck in a Volvo lease in the US. Had I been stuck in a lease I would have had to buy the car, get the title and then sell it and by then an offer like I got would have disappeared.
Your last statement, can you explain? I'm going to use the federal lease loophole for the $7500 on my BST P2, is Volvo/Polestar not doing this anymore on leases or are they making the buyout horrible?Your advice is very good in a normal situation. However, US Polestar situation is not normal right now. We have these online companies that give you a price for the car without seeing it and without knowing anything about it (Carmax, Carvana, Vroom, Shift, Givemethevin, etc). They use computers to tell them the value based on used sales data for the brand. Polestar does not have enough used sales with the options so the computer just ignores their value entirely. It just prices every AWD car the same. Quotes from these sites give sellers a floor for their eventual sale. You are not going to sell privately below that value if you can click accept and have them pick up your car the next day and give you the check. So in that effect they influence the market quite a lot. I had a fantastic trade-in offer from Tesla in January on my Polestar but chose to keep the car at that time. It was a $45k trade-in offer that would have saved me even more money in the sale tax. Mine is a basic LRDM Polestar 2 that cost around $52.5k new. I paid $1200 for the software upgrade and probably had $1000 in fees. So let's say $55k cost (not much sales tax due to a trade in). I got $7500 federal tax credit and $2500 state tax credit so my basis in the car is around $45k if I'm being honest with myself. After 14 months of ownership I only had about 4000 miles on the car (too long of a story and not relevant to the discussion). In the last two months I have been getting quotes from all of the online places every ~10 days or so. Quotes ranged between $34 and $39k. Then one morning I got a quote for $43.3k from Vroom. A month earlier they had offered $34k. So in 14 months of ownership I lost let's say two grand driving this car considering the tax credits that I received. Given what my insurance was going to cost me and that I had too many cars, I made the decision to let the car go. Someone on here bought a low mileage PPP for $38k few weeks ago from a dealer who did not know what they had. This market is stupid insane. Vroom listed my car for $48k before they even picked it up. After a week they have already lowered the price of it to $47k. They have no chance in hell in my opinion to ever sell it for that amount or even close to it. They will eventually have to sell it below what they paid me.
So ignore common sense in the US regarding Polestar. Also be careful being stuck in a Volvo lease in the US. Had I been stuck in a lease I would have had to buy the car, get the title and then sell it and by then an offer like I got would have disappeared.
Volvo financial is unique in the US. You cannot sell your lease to Carvana/Vroom, etc. Other companies allow a loophole through EquityHackr on LeaseHackr. Volvo financial does not. Other large manufacturers allow you to transfer your lease on Swapalease or similar. Volvo Financial does not. It’s the most iron clad lease out there. The only way to get out of it early is to buy the car from the lease (which in most states triggers sales tax).Your last statement, can you explain? I'm going to use the federal lease loophole for the $7500 on my BST P2, is Volvo/Polestar not doing this anymore on leases or are they making the buyout horrible?
I don’t have a set time. I’m on 0% interest, and have taken advantage of state and federal incentives. Car drives great and does everything I want, while being the right size for my use case. I’m expecting to keep it at least another 5 years unless there are unforeseen repairs that makes it not feasible. So far the only real issue I’ve had is an inverter replaced under warranty.
I want to eventually try a cross country trip (CA <-> NC) in it, but it’ll take a few years for charging infrastructure to improve or for the tools at tesla to retrofit ccs on their chargers.
I want to eventually try a cross country trip (CA <-> NC) in it, but it’ll take a few years for charging infrastructure to improve or for the tools at tesla to retrofit ccs on their chargers.
Fwiw I have some semblance of a promise from Polestar that if I wanted to trade up to a P3 or P4 or the like earlier than my lease term end that they would work with me to do so with favorable terms and certainly no penalty. I know not to rely on that but it seems Polestar wants that to be possible, at least for those of us with leases waiting on the P3 or P4.Volvo financial is unique in the US. You cannot sell your lease to Carvana/Vroom, etc. Other companies allow a loophole through EquityHackr on LeaseHackr. Volvo financial does not. Other large manufacturers allow you to transfer your lease on Swapalease or similar. Volvo Financial does not. It’s the most iron clad lease out there. The only way to get out of it early is to buy the car from the lease (which in most states triggers sales tax).
and the local Volvo dealer said they would work out something similar for the EX90. But I have even less faith in that.
so maybe if moving between cars leased via Volstar Financial it works? And only in that specific circumstance?
I will keep mine for 36 months (Lease). After that I will see what the market has to offer and if a lease is still att good choice for me. The intrest and inflation doesn't make cars cheaper to own...
I pay aprox $450/month for for my V60 T8 and will pay about $600/month for the Polestar 2. The Polestar cost more on paper. But since it's a fully electric I guess my cost of ownership will be lower. The lease includes everything like service, car wash, winter tires, rental car when on service etc.
But if there is some nice Volvo or Polestar efter my lease ends I will probably go that route.
I pay aprox $450/month for for my V60 T8 and will pay about $600/month for the Polestar 2. The Polestar cost more on paper. But since it's a fully electric I guess my cost of ownership will be lower. The lease includes everything like service, car wash, winter tires, rental car when on service etc.
But if there is some nice Volvo or Polestar efter my lease ends I will probably go that route.
Yes if you want to buy a car, they can make it happen but it's at their discretion and there has to be value for the dealership. If the car is near break-even it's a lot easier than if the value of the car is $10k below the value in the lease. When times are great and car value is way above what is specified in a lease then they will make it happen. When XC40 first came out, Volvo had this crazy depreciation curve since the car value in the future was unknown. However the car was in such a heavy demand that everyone was in the profit. If you are in the profit it's relatively easy to get out of a lease including Volvo. You can just sell it to a Volvo dealer for a profit. You can always buy the car early from the lease.Fwiw I have some semblance of a promise from Polestar that if I wanted to trade up to a P3 or P4 or the like earlier than my lease term end that they would work with me to do so with favorable terms and certainly no penalty. I know not to rely on that but it seems Polestar wants that to be possible, at least for those of us with leases waiting on the P3 or P4.
and the local Volvo dealer said they would work out something similar for the EX90. But I have even less faith in that.
so maybe if moving between cars leased via Volstar Financial it works? And only in that specific circumstance?
As far as the other circumstances, I read several instances on Leashackr of Volvo financial allowing a few people to get out of the lease by claiming financial hardship and paying just a $1000 penalty. There are no guarantees on this and it is solely at their discretion.
Getting in a Volvo financial lease in the US is like marrying Pablo Escobar's daughter when he was alive. Sure you can get a divorce but only if the wife's family wants it. Otherwise it would be tough sledding and no fine print that can save you. You can move to Europe, hate the car, not be able to use it anymore, etc. None of it would matter to Volvo financial.
My lease is up in Sept '24. With all of the continuous improvements, I'm impressed.
However, I do need a bit more space. I really wish a V60 ev would be available next fall, but I am highly doubtful. That would be the perfect car for me. I need a narrow EV with enough space to fit in my driveway.
The BMW iX is thus far at the top of my list. It's not as narrow as the PS2, but it does fit with remote parking functionality.
However, I do need a bit more space. I really wish a V60 ev would be available next fall, but I am highly doubtful. That would be the perfect car for me. I need a narrow EV with enough space to fit in my driveway.
The BMW iX is thus far at the top of my list. It's not as narrow as the PS2, but it does fit with remote parking functionality.
good points.Was a cheap work deal with free charging, I didn't say the car looked old, from the outside its a great looking car, but the inch lip around the center screen feels abit 5 years ago, and the camera quality is poor, app is also dreadful, the very few if any features have been added to the car in the 15months I've had it, materials on the interior are also cheap looking, even with the plus pack
that screen is a real head scratcher, it does look like an iPad with fat bezels from like 8 years ago, no need to have such thick bezels IMO.
having said that, the android automotive OS is advanced and my favorite, tops even the Tesla IMO. it's clean, user interface is easy, and above all SIMPLE to use. So often, very good EVs (hyundai, kia, BMW, tesla) have such overly complicated infotainments, you have to click around several menus deep to get at what you're looking for. Visually complicated as well. Also, for this price point ($50k-$60k+ with options) materials are above average i would say. Ioniq 6 (which looks great) is marred by a cheap feeling interior for example. Model Y another example.
That camera is low quality i agree. no arguing there
The app i agree is bare bones, but i think what polestar is going for here is minimalism. it was by design. Kind of their ethos
Overall, i don't really get the impression that it's an 'old car', quite the contrary. Feels advanced to me
Thanks, and yes I'm going to buy out from lease since NJ is giving us 0% sales tax on all EV cars (this year??)Volvo financial is unique in the US. You cannot sell your lease to Carvana/Vroom, etc. Other companies allow a loophole through EquityHackr on LeaseHackr. Volvo financial does not. Other large manufacturers allow you to transfer your lease on Swapalease or similar. Volvo Financial does not. It’s the most iron clad lease out there. The only way to get out of it early is to buy the car from the lease (which in most states triggers sales tax).
Appreciate the explanation
We are planning to keep our PS2 for a minimum of 10 years. Our Miata is 25 years old, Boxster is 15 years old, and we are in our mid 70's. The complaints we read are rarely important to our experiences.
I'm also 72 and till now my personal depreciation is still acceptable ...Ha. Ha. Im 72 now so it won’t be the car depreciating - it’ll be me!
As far as the PS2 is concerned, I got a launch edition, paid cash and it's the first time I spent that much money for a car.
Average time for previous cars was around 10 years. When buying the PS2, I had no clear idea but imagined changing faster because of evolving technology. Thus I watch all new models appearing on the market and till now I do not notice any dramatic evolution (even the PS2 2024 model is not making me thinking of a change although the new 4WD specs seem interesting) and the PS2 is still perfectly meeting my needs and expectations. The PS4 might be desirable but it's dimensions seem too important (longer, where we are two and travel on European roads). But there is reason and what says the heart. When I twice test drove the PS2 I was that much enthousiast, so maybe this might happen again when test driving the 4 🙄
But ar this very moment I do not see any alternative that would make me envisage seriously changing. Yes I do love my PS2: it offers me all I need from a practical viewpoint and on top I really enjoy it every time I get behind the wheel. Differently from what I read on this forum, I do not have the impression the car is depreciating that much (Belgium). I rather have the impression EV's are rather doing well.
Until the electric 718 ships.
If you can afford, certainly a great choice. But at a certain age (mine) you will probably get in but will every time wonder if you will be able to get out of it 🙄 Enjoy !Until the electric 718 ships.
I bought it for work travel. Have had it for 11 months and 19k miles. Definitely keeping it through the 24 months of free charging. Probably look to trade it when the warranty ends at 40k miles
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