Polestar novated lease

See what you could save with a novated lease on one of Australia’s leading EV models.

Polestar models you can novate

Enjoy tax savings and the convenience of running-cost packaging on your choice of Polestar model. Select from the options below, with a summary of key vehicle specs based on information from the official Polestar Australia site.

Polestar 2 Standard Range

  • Battery range of 505 - 546 km
  • Rear-wheel drive
  • 0 - 100 km/h in 6.4 sec
  • Towing capacity up to 1,500kg
  • Fast charge from 10% - 80% in 34 minutes
  • Google-based infotainment and navigation system with voice control and in-car apps

Polestar 2 Long Range

  • Battery range of up to 655 km (based on single motor variant)
  • Rear or all-wheel drive options
  • 0 - 100 km/h in as little as 4.2 seconds with dual motor and performance pack
  • Towing capacity up to 1,500kg
  • Fast charge from 10% - 80% in 28 minutes
  • Google-based infotainment and navigation system with voice control and in-car apps
Polestar 2 Long Range

Polestar 3 Long Range

  • Battery range of up to 610 km (based on dual motor variant)
  • All-wheel drive
  • 0 - 100 km/h in as little as 4.7 seconds with dual motor and performance pack
  • Towing capacity up to 2,200kg
  • Fast charge from 10% - 80% in 30 minutes
  • Google-based infotainment and navigation system with voice control and in-car apps
Polestar 3 novated lease

Polestar novated lease cost and savings example

Polestar 2 Standard Range Single Motor

Estimated regular driveaway price


Minus novated lease GST discount


Novated lease vehicle price


Weekly novated lease cost

$236 (including $70 in running costs)

Annual income tax saving


Annual GST saving on lease package


Tax saving (income tax & GST) over the life of a 5-year lease


* Calculation is based on a driver in NSW with an annual gross salary of $120,000 driving 15,000km per year. Running costs include: electricity, comprehensive insurance, registration & CPT, servicing and tyres. Pricing is accurate as of January 2024. This is an example for illustrative purposes only. Your cost and savings may be different depending on your situation.

What do you get with a Polestar novated lease?

The Financier

GST discount on the purchase price

You’ll enjoy an up-front GST saving on the purchase price of your Polestar through a novated lease. That’s an instant discount of $6,191 in the 2023/24 financial year.

the Employee

Pay using pre-tax salary

The lease payments for your Polestar will come directly from your pre-tax salary through your employer. This helps lower your taxable income and tax bill.

Save on EVs with a novated lease

Save more with $0 fringe benefits tax

Polestar models priced below the luxury car tax limit are eligible for the novated lease fringe benefits tax exemption on electric vehicles. This boosts your savings considerably.

Novated Lease Australia EV

Package your Polestar’s running costs

You can also cover running costs as part of your single regular pre-tax payment (with a GST saving on those costs too). You can package charging costs, insurance, registration & CTP, servicing and tyres.

The Employer

Easy employer setup

Novated Lease Australia will work with your employer to set up your lease with a minimum of hassle and next-to-no cost to them.

Novated Lease Australia locations

Australia-wide support

Wherever you’re located in Australia, our team can help you find a Polestar to novate and we’ll use our relationship with Polestar to get you the best deal we can.

Why Choose Polestar?

Built for Performance

Minimalist design, instant response, intuitive technology, the Polestar 2 offers an engaging driver experience. With the battery mounted in the base body structure, the result is a car body with +35% more torsional stiffness (than a standard car) and a very low centre of gravity. This is crucial in enabling the agile, sporty driving feel that makes the Polestar 2 a true electric performance car.

Impressive range

Able to travel a range of up to 655km (WLTP) respectively per full battery charge, open yourself up to possibilities – whether it’s a suburban drive or an open road trip.

Leading on Safety

Backed by The Volvo Group’s safety reputation that spans close to a century.  Equipped with cutting-edge protective and preventive technology, including a suite of Advance Driver Assistance Systems as standard.

The EV for towing

An EV with the ability to tow 1500kg braked. The semi-electric towbar is retractable, neatly folding away when not in use.

Luxury Interior

The Polestar 2 interior is from the masters of avant-garde design. Scandinavian style that brings personality to digital innovation and redefines premium for the electric age. The award-winning WeaveTech upholstery is fully vegan, free from animal products, and reduces the use of harmful chemicals from 45% (industry standard) to just 1%.

Committed to Sustainability

At Polestar, we’re determined to improve the society we live in by accelerating the change to a fully electric future, focusing on climate neutrality, circularity, transparency and inclusion
With the Polestar 0 project, our mission is to eliminate greenhouse gas emissions from our supply chain and manufacturing processes, instead of relying on offsetting methods like treeplanting. Our goal is a car that leaves the factory gates with a zero-carbon footprint.

See your savings with a Polestar novated lease
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