Volvo previously used Polestar to define its performance-tuned vehicles. That remains true today (Polestar Engineered), but now it is also a stand-alone brand for the automaker’s high-end electric vehicles. The Polestar 2 is a 5-door fastback that sits high off the ground like an SUV and can travel up to 233 miles on a single charge. You can order one today.
What is a substantially refreshed model? Substantially refreshed models are existing vehicles receiving significant engineering, design, or technology updates. Because complete redesigns cost a big pile of money, car companies sometimes take what is a fundamentally sound design and give it a major makeover. Think of it as the difference between rebuilding your home or remodeling it. Examples for 2021 include the the Lexus IS.
Cons: While buying new might be the most satisfying way to buy a car, it's also the most expensive. Some cars depreciate faster than others, but no matter what you're buying, your new car is going to experience depreciation the minute you drive it off the lot. That's not to say buying a new car isn't a good value, but it's a financial hit you should keep in mind if you're shopping for a new car. Consider doing a little homework on the depreciation rate of the car you have your eye on before pulling the trigger.