High quality and design of the minimalist interior
The Polestar 2 is an all-electric five-door fastback in the premium Australian EV market. It is the first mass-market electric vehicle from Polestar and has been on sale for a few years, bringing with it the brand’s close ties to Volvo. Known for its minimalist Scandinavian design, it delivers an alternative to conventional sedans and SUVs.
Coming in several drivetrain and battery configurations, the Polestar 2 includes a single-motor rear-wheel-drive and dual-motor all-wheel-drive variants. These options give drivers the choice of either a range-focused or performance-driven EV. It stands out with its unique styling and focus on sustainable materials in the interior.
Staying on the inside, the cabin has a clean, minimalist layout with a large central touchscreen running an Android Automotive operating system. This is one of the best systems on the market, bringing some of Google’s great tech inside the car. The Polestar 2 delivers Aussie drivers with a modern, connected, and engaging driving experience, all in one package.
On the performance front, the Polestar 2 range varies by motor configuration. The single-motor rear-wheel-drive variants offer plenty of power for daily driving, typically producing around 200-220 kW and 490 Nm of torque. That helps propel the car from 0-100 km/h times in the mid-6-second range, which is fairly quick.
For those wanting more, the dual-motor all-wheel-drive versions ramps the performance right up, with power figures reaching up to 310 kW or even further at up to 350 kW with the optional Performance Pack. This allows for acceleration times from 0-100 km/h in around 4.2 seconds, making it one of the quickest cars from the Swedish brand.
When it comes to range, the Long Range Single Motor tops the charts in the line up, offering the longest WLTP range in the market, coming in with up to 650 km in updated models. It matches that with quick fast charging speeds of up to 205 kW on Long Range versions, helping with rapid top-ups on Aussie road trips.
Pros
Cons
Polestar 2 offers five carefully curated interior colour schemes paired with innovative upholstery and deco materials. Discover a new form of premium that pairs a progressive design language with a mindful use of resources.
Polestar 2's seats are designed for optimal ergonomics that hone the electric experience. Their shape and structure ensure a comfortable journey, no matter the travelling distance or the style of driving.
Standard range Single motor | Long range Single motor | Long range Dual motor |
---|---|---|
Range up to 546 km | Range up to 655 km | Range up to 593 km |
Charging time (10-80%) 34 min | Charging time (10-80%) 34 min | Charging time (10-80%) 28 min |
0-100 km/h¹ 6.4 seconds | 0-100 km/h¹ 6.2 seconds | 0-100 km/h¹ 4.5 seconds |
Just like other forms of car finance, there are typically a number of payments over a fixed term, with a residual (or balloon) payment due at the end of the lease. Each party to the agreement – employer, employee, and financier – will play a specific role.
The employer
Agrees to make regular, automated payroll deductions from the employee’s pre-tax salary. Our expert team helps set everything up.
The employee
Agrees to pre-tax salary deductions, in exchange for the use of the vehicle. The vehicle can be used for business or entirely for personal use.
The financier
Procures the vehicle, establishes the lease and manages the administrative, contractual and compliance aspects of the transaction.
Learn more about how a novated lease works from start to finish. Our expert consultants can also answer any questions, so you can sign up with confidence.
Find my best dealIs there a minimum salary to get a novated lease?
No, there is no minimum salary to get a novated lease.
Novated leasing approval is dependent on your capacity as a borrower much like traditional finance. This means you need to illustrate your ability to meet regular repayments over the term of the lease.
Chat with one of our experts about how much you may be able to borrow.
How long will my novated lease be?
The term of the lease agreement is completely up to you.
Generally, terms of one to five years are available under a novated lease.
The length of the lease term will determine your repayments and your residual.
What's the minimum and maximum value of car I can get?
The amount you can borrow for a vehicle will vary depending on the lender.
In general, the minimum novated lease amount is $10,000, while higher amounts (up to $500k) are subject entirely to the repayment capacity of the applicant.
Chat with one of our experts about how much you may be able to borrow or check out our novated lease explained guide.
Can you help me get a novated lease anywhere in Australia?
Can I buy a used car with a novated lease?
Yes, you can buy a used car both privately or through a dealership.
Some financiers will allow the vehicle to be up to 15 years of age at least end.
Buying a used car from a dealership will also still see you save the GST on the purchase price. Find out more by visiting used cars through a novated lease
Can I get a novated lease if I work for my own company?
Salary sacrificing a car through a novated lease can be suitable for a business owner who is also an employee of their own company, but it’s only an option if the business owner is receiving a salary from the company they own.
If you are planning to leave your current employment to start your own business, you can transfer your novated lease, provided you are paying yourself a salary.
If you are self-employed – i.e. are not paid a salary or paying yourself a salary through your own company – you will need to look at alternative forms of vehicle finance.
What happens at the end of a novated lease?
You have a few options available at the end of your novated lease term:
Upgrade - most of our customers tend to upgrade their vehicle, your expert consultant can help you find the right upgrade for you and even help you sell your current vehicle to help pay out the residual. If the sale price is higher than the residual, you keep that profit - tax-free!
Extend - If you want to keep the same car and continue enjoying the tax savings, we can help you refinance the residual amount for another term of your choice.
Own outright - Pay the residual amount (including GST) at the end of the lease term to own the car outright
What happens if I leave my current job during a novated lease?
If you leave your job during the term of your novated lease, you will still be responsible for making the finance repayments on the vehicle.
The lease will be de-novated, where the running costs are removed from the agreement and repayments work much the same way as a standard car loan.
If you are going to a new employer who offers novated leasing as an employee, you may be able to transfer your novated lease over under a re-novation, or request Novated Lease Australia set up as a partner.