The only parallel I can think of is Fisker and those cars dropped by 70%-80% of their value. Hopefully there is more clarity on future Polestar/Volvo support in the US but at this point the used market on these will be almost entirely people looking for fire sales.
This is the more likely scenario. Only advantage with Polestar is if they can continue owner support through Volvo dealership which I think will happen.
Congrats on the purchase. My personal opinion is that these will get cheaper before they get more expensive. I’d bet a broker here could help facilitate a sale from a dealer at an even further percentage off. You effectively paid sticker (minus the rebates everyone gets).
Buying an EV and taking the first hit on depreciation is usually never a great idea, but especially for a car that may not have consistent service available in four years. Yes, some of that is offset by the insane initial rebate, but it’s hard to imagine this car being worth more than $25K max in a few years.
It won’t be the worst thing, though. Let’s say you’re paying $500 a month towards the principle (slightly more than a comparable lease payment). After three years, you’ll have paid off $18,000 - leaving just $25K left on your payments. That may be about what it’s worth.
But, on the bright side, you got a great car that I believe is worth the money anyway. Drive it in good health!
I’m also interested / in the market in NC area. Coming off a cheap Ioniq 5 lease ending this month…was considering a used model Y / Ioniq 5 within 6-12 mos remaining in warranty (to minimize risk) but that ends up in 30k range vs a new 34k polestar 4 coupe. Wouldn’t it make sense to buy the newer car here vs lease or buy another used EV right now?
Polestar has said they are shutting down sales operations in the US but they will continue to run their independent network of service centers for the foreseeable future. (Edit for clarification: a Polestar employee told me this last week after the announcement). Agree if they announced Volvo was assuming warranty and service support that would make me less concerned about a purchase.
OP enjoy your P4! Let us know how you enjoy a car without a rear window.
Out here there is a Polestar and multiple Volvos in the same market. I’ve never seen a Polestar in for service at Volvo. The Polestar PDI and service center is in a warehouse district I pass frequently. The software tools for service are similar but not the same - when I pay for license access to VIDA to update my car I don’t have Polestar models or any of their stuff in the catalogue.
The dealer principles who are into Polestar for 8-figures are going to end up suing Volvo. Unless they’re already under contract to do Polestar parts and service through their Volvo points, which afaik their dealer agreements either forbade or only allowed contingent on a separate facility, I wouldn’t count on it.
Not really. Sure, the small number of polestar service centers across the country happen to be volvo dealers, but that doesn’t mean I can take a Polestar to a volvo dealer for service like if I had a volvo.
My local Volvo dealer spun off their Polestar sales to a standalone storefront but their service remained at the Volvo store. In any case you would think there would be some urgent corporate comms on how operations will be handled going forward. Were these guys totally blind sided or what?
The former CFO and head of sales, who helped steer the ship into the iceberg and jumped-ship earlier this year, have been posting on LinkedIn from their respective fainting couches about their disappointment - aghast at how could this happen. Reading the tea leaves, corporate has known this was likely for months, but inquiring minds may never know. If Polestar even applied for an exemption that got denied, they should show the receipts.
Bro is still committed to PS (with photos of a P2 in his driveway) but he couldn’t say no to the crazy fun opportunity to make his living on one of the two best days of every boat own’s life
committed to PS (with photos of a P2 in his driveway) but he couldn’t say no to the crazy fun opportunity to make his living on one of the two best days of every boat own’s life 
