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 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 novated lease cost and savings example
| Polestar 2 Standard Range Single Motor | |
|---|---|
Estimated regular driveaway price | $73,546 |
Minus novated lease GST discount | -$6,191 |
Novated lease vehicle price | $67,355 |
Weekly novated lease cost | $236 (including $70 in running costs) |
Annual income tax saving | $6,500 |
Annual GST saving on lease package | $1,879 |
Tax saving (income tax & GST) over the life of a 5-year lease | $41,894 |
What do you get with a Polestar novated lease?
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.
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 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.
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.
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.
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.
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