Used Polestar 2 Buying Guide
An amazing EV bargain!
The Used Polestar 2 Buying Guide has been substantially updated and is now available as an eBook! For a limited time, save 50% in Current Notes Shop.
For a variety of reasons, EVs have extraordinarily high deprecation. The Polestar 2 might have some of the highest depreciation of any EV at the moment, but without the baggage of a Fisker1 or Tesla2.
For example, the 2021 Polestar 2 had an original retail price of just over $61,000 (US). It is now possible to find lightly used models that have recently come off of lease for under $25,000! That is an amazing drop in value in just over three years. You’ll hate it if you financed your Polestar 2 (instead of leasing), but love it if you’re in the market for a used one.
I’ve been seeing lots of people looking for a used Polestar 2. There are many Tesla Model 3 owners that want to move away from the Tesla brand and the Polestar 2, being a similar-sized car rather than an SUV, is a popular alternative.
There are also many folks that are looking to get into the EV world for the first time and are recognizing that a Polestar 2 can be an affordable way to do so.
I recently purchased a used 2021 Polestar 2 and got to see this depreciation first-hand. This car was originally listed at just over $27,000. In fact, the first offer they gave me on the car was for $25,998. I waited and eventually was able to negotiate down to $23,998. If you’re able to apply the Federal used EV tax credit of $4,000 then that means you could get a Polestar 2 for just $20K!
Of course the newer models (2022 or later) still cost a bit more, usually higher than the $25K cut-off for the tax credit, but they can still be a great value.
So if you are considering a Polestar 2, how can you find one? What are some of the things you should know? What should you look out for?
The rest of this post is for paid subscribers, but anyone can order the Used Polestar 2 Buying Guide as an eBook from the Current Notes shop.