Polestar Is Discounting Its Cars By Up To $7,500. Is It Enough?

Its Polestar 2 is an attractive electric liftback car with a wide performance and an impressive range. But, it’s not all glitters. isn’t gold when it comes to sales. In the beginning of 2023, Polestar had a sales target of 80,000 units however, by the end of the year it was reported that the Swedish automaker only had 54,600 deliveries. 

Polestar Is Discounting Its Cars By Up To $7,500. Is It Enough

Yes, some of this was due to Polestar’s 3 SUV’s issues with software that slowed deliveries however we’d say that Polestar 2 Polestar 2 is also losing its competitive edge. It’s not surprising that Polestar has announced an enormous discount in its EV sport sedan.

In 2024, the Polestar 2 was priced at $51,300 for rear-wheel drive, or $56,700 with all-wheel drive. In the current incentive offered by Polestar however, both models cost $49,200, which is a discount of $2,100 on that Single Motor and $7,500 off the Dual Motor. 

This means that Polestar 2 Dual Motor Polestar 2 Dual Motor significantly cheaper but is it enough? The starting price of the BMW i4 starts at $53,195 which is $3,995 higher than the Polestar Model 3, competitors such as models like the Model 3 are significantly less costly.

However, the Polestar 2 is still a elegant sedan that has excellent driving performance and a great handling. It can deliver up to 455 hp or 325 miles of range according to specifications and model, the Polestar 2 makes few compromises. 

In addition the second Polestar offers a decent tech features like sit-to start or Amazon Prime Video built into the information system. It’s a bit expensive vehicle, even with the incentives. Should you think about buying a model with the newest discount?

The Polestar 2: On Paper

The Polestar 2 is based on an Compact Modular Architecture (CMA) platform, developed by an affiliate of Geely and also utilized to power C40 Recharges and the Volvo XC40 and C40 Recharges. It is the Polestar 2 currently comes with either one of a 78 or 82-kilowatt-hour battery, which has the 205 and 155-kilowatt max DC rapid charging rates according to. 

The smaller battery is able to charge between 10 and 80 percent in only 34 minutes, while the bigger one only takes 28 minutes. The rear-wheel drive Polestar is equipped with an 82-watt-hour pack, while the all-wheel drive versions come with the smaller battery.

A Single Motor can travel up to 320 miles on a fully charge and Dual Motors Dual Motor can cover 276 miles. Opt on the Performance option which will mean that the range of the Dual Motor is reduced by 247 miles. This Single Motor makes an admirable 299 horsepower and has the zero-to-sixty speed of 5.9 seconds. 

The all-wheel drive version increases this figure to 421 horsepower which reduces the acceleration time down to 4.3 seconds. The Performance increases the power to 455 and is able to sprint to 60 mph times in 4.1 seconds.

  • 2024 Polestar 2 Long Range Single Motor: 300 miles of range, and 299 horsepower
  • 2024 Polestar 2 Long Range Dual Motor: 276 miles of range, and 421 horsepower
  • 2024 Polestar 2 Performance Pack 2,47 miles in range, and 455 horsepower

They’re solid numbers. However, when it comes to features that are standard the Polestar does not meet expectations. The version with rear-wheel drive does not include features like the Pilot and Plus packages and the base model is awash with lacking options. 

The Pilot package costs $2000 and comes with a heat pump and adaptive cruise control. It also includes the lane centering assistance as well as LED lights for fogs. A $2,200 plus package comes with upgraded seats, a phone-as-a-key feature as well as a heated steering wheel and a glass roof with a panoramic view and Harman Kardon audio system. If you choose the Plus package can go for the $4000 Nappa upgrade, which includes environmentally sustainable air-conditioned Nappa seat leather.

Also, the base version of the Polestar 2 misses out on the most basic ADAS features, lacks an air conditioner, and is equipped with seats made of cloth. However, the previously more expensive all-wheel-drive model (now available for similar price to the single Motor) comes with the Pilot package for $2,000 as a standard. 

However, the price is $40,630, the Tesla Model 3 comes with a high-quality audio system, a ventilated seat as well as adaptive cruise control, ambient lighting and a glass roof and an impressive technology integration The Polestar 2’s high cost is hard to justify.

Polestar Is Discounting Its Cars By Up To $7,500. Is It Enough

Polestar 2: The Discount

The discounted prices of the Polestar 2 aren’t bad at all but the flood of rival products make that these offers are less appealing. Customers who are cross-shopping for the Polestar 2 might consider the Ioniq 6. It’s not a luxurious car, but it does not come with a luxurious price cost. 

With Hyundai’s latest offer offers, customers can purchase the 2024 Hyundai Ioniq 6 Limited AWD for just $1,935 less than the base price of the discount Polestar 2. This top-end model may not be as luxurious as the Polestar however it comes with the remote parking assistance and a sunroof. It also has ventilated seats and the Bose audio system as well as Hyundai’s level 2 highway Assist system.

Incentivized Pricing:

  • 2024 Polestar 2 Long Range Single Motor: $49,200
  • 2024 Polestar 2 Long Range Dual Motor: $49,200
  • 2024 Polestar 2 Long Range Dual Motor Performance: $64,400

Competitive Offerings: 

  • 2024 Hyundai Ioniq 6 SE RWD: $36,065
  • 2024 Hyundai Ioniq 6 SE AWD: $39,565
  • 2024 Hyundai Ioniq 6 SEL RWD: $38,865
  • 2024 Hyundai Ioniq 6 SEL AWD: $42,365
  • 2024 Hyundai Ioniq 6 Limited RWD: $43,765
  • 2024 Hyundai Ioniq 6 Limited AWD: $47,265
  • 2024 Tesla Model 3 Rear-Wheel-Drive: $40,630
  • 2024 Tesla Model 3 Long Range Dual Motor: $47,630
  • 2024 BMW i4 eDrive35: $53,195
  • 2024 BMW i4 eDrive40: $58,295
  • 2024 BMW i4 xDrive40: $62,595

If you’re looking to lease instead of purchasing, Polestar has some lease offers as well. The cheapest lease offer is $349 a month for 27 months. There is a $5,349 payment due at the time of signing. This is comparable to or higher than other automakers. The BMW i4 eDrive35 is priced at $499 per month over 36 months and $4,599 due upon the time of signing. Buyers can find a mid-range Hyundai Ioniq 6-SEL SEL with RWD at $363 a monthly for 36 month with a $4,999 payment due at the time of the time of signing. In 2024, the Tesla Model 3 costs $329 monthly for 36 months with $4,500 due when you sign.

Lease Deal

  • 2024 Polestar 2 Dual Motor: $349 per month for 27 months with $5,349 due at signing 

Verdict: Is The Discounted Polestar 2 Worth It?

Although this is a substantial discount off this model Polestar 2, it’s not an all-time bargain. Hyundai also discounted on the Ioniq 6 by $7500, however, it’s priced at $43,565 rather than $51,300. This means that the discount percentage is higher. Additionally, the Polestar 2s have a reputation for depreciating significantly in value, so when you’re fixed on the Swedish sedan, buying a used one is the most cost-effective option. If you’re determined to purchase an upgrade or a new model, the updated Tesla Model 3 is less expensive and has plenty of premium features that cost more than the Polestar such as the heated seats.

 

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