Supply and command, duh
I looked at their lease deals…
400-500 for a brand with zero future here..No thanks.
The p3 is even more.
Cut that in half and I am in.
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Our two Polestar stand alone run everything through the Volvo store that 10 minutes away.
Our third is literally at the Volvo dealer. (To be fair that damn dealer is so good anyway).
I’m tempted to pull the trigger and just ride it out until the car dies.
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That’s great if your local volvo dealer is a polestar center. Doesn’t help when the nearest polestar center dealer is 100s of miles away unfortunately, especially when there’s a normal volvo dealer around the corner.
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Oh yes, I thought they were offering a super low APR financing along with the $25k discount. If the MF is subsidized but the APR is not, then the leasing option over financing is a no brainer…
Or if you move while owning/leasing it
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Updates below. Lease not feasible as I live in Chicago / Cook County which has a 15% lease/use tax.
Haven’t actually completed purchase, but did the $500 (refundable) deposit on base AWD model I thought I wanted.
After test drive I want to upgrade color and trim, so emailed sales associate to ask what they can do on pricing/additional incentives moving to higher trims and working with him
Let me know of other negotiating recos, will keep everyone updated
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Fisker went bankrupt. So zero service centers and I would imagine no way to lemon the car (does anyone know what happens if you try to lemon a car from a manufacturer that doesn’t exist?). I have no idea what the corporate structure is but I would guess without a bankruptcy filing Volvo or Polestar remains financially obligated to repair the cars.
My uninformed view is absent a way to remove all lemon law and Magnuson-Moss liability, it wouldn’t be worth it to sell these cars to the public without a plan to service them. Potential legal liability and costs outweigh short term returns m.
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I contacted a lemon law lawyer (a good one, too!) in Raleigh, NC, and he told me that there’s no point in suing a company that’s going through bankruptcy proceedings. You’ll only add yourself to a long list of people they owe money to and your (up to) $76K (for the One) in claims is a drop in the ocean of all their debts. Whatever money the bankruptcy court can squeeze out of them (when they liquidate their assets) will then get divied up and you’ll get a pro-rata share (_if_ you’re lucky). We’re talking about pennies on the dollar, in the best case.
A few people were lucky and got through to the right people (who reported directly to Geeta Fisker) and were able to do the right thing and issue customers (who had problematic cars like mine) refunds. I was too late for that avenue.
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? - more like close to 800…
I was thinking an $800 total payment, with some smaller portion going to the principle (versus taxes and fees, etc.).
Polestar service was a mess before all this – no way I’d buy one of these with all of the uncertainty swirling around. If Volvo came out and said that they guaranteed that all of their dealers would service them for a period of 10-15 years, maybe. But good luck with all that.
Polestar should’ve had a definitive answer for the service question before making the fire sale announcement. Just because a Polestar “Space” is physically within a Volvo dealership doesn’t mean jack since they’re separate entities.
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You’re saying a broker could probably do better, and LH did in fact have a negotiated deal in FL that sold out super fast ($329/mo x27mo, $0 down and $3336 DAS), which is better than the $399 I can get, but the LH deal included a $4000 demo discount, and there are no more base demos (and the 3 dealers I called said they will not get any more P4s).
So I see no leverage here: inventory is low (each location has 10 or less, and no more coming); base models are incredibly rare (so you might get a $3k discount on a demo, but have to pay $10k more to get it).
What’s your recommendation in light of that? Do you still think someone can improve the deal?
I was so happy to find this post because today I also put a refundable deposit on a base P4 (I don’t want AWD and none of the packages had anything I wanted badly enough to pay another $5500 for) for the rare advertised price: $57,800 -25k = $32,800. On a lease the discount is $19k, not 25, and there’s no other discount except loyalty on a P4
I’ll lease or buy (whatever is the better deal) but I see no leverage here: inventory is low (each location has 10 or less, and no more coming); base models are incredibly rare (so you might get a $3k discount on a car costing $5k more and not do any better).
An outright purchase for $32k seems good to me. Then again, I bought a 2012 fisker after the bankruptcy (and still drive it 13 years later).
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There are 100+ unsold P4s in the US for every dealer, if they’re willing to take them - and the dealer cash that comes with them. Most Polestar dealers aren’t selling any cars, the leverage is to focus in the ones that are and make a deal.
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most will not be taking any.
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Where will the cars go that have been shipped here? So dealers say “no thanks.” Do they go back to the factory to be tweaked to be sent to another country? I guess they must?
For most, not selling any new Polestars is just another day ending in “y”
Polestar is running a “no kill” shelter - they will all find homes before their US sales operation shuts down. This isn’t a bankruptcy (yet).
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For what it’s worth, I called the Polestar dealer in CT today, and they said they had limited (about a half dozen) in stock 4s, but expected about ten more in early August and could get me my specific build.
Not sure how accurate it was - it was just one random sales guy who happened to answer the phone - but he at least seemed to indicate more were coming at that specific dealer.
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It must be a dealer-by-dealer decision, and the 3 dealers in my state aren’t taking any more. Looks like there are 32 US dealers, so the ones that take them could have a lot, and the deals could get even better, so I may ask for my deposit back since I don’t want a car until October. Very torn.