Announced: Full EV FBT exemption above $75k ends 31 Mar 2027, 4 months away. How the announced phase-out works
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POLESTAR · NOVATED LEASING

Your electric Polestar.
Your numbers.

See what a Polestar could cost from your take-home pay. Compare electric variants, then tailor the estimate to your salary.

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Compare variants and eligibility ↓
THE ELECTRIC POLESTAR RANGE
Polestar Polestar 2. Illustrative image; trim details may vary.

Illustrative image only. Actual model may differ.

Generic illustration. Model image coming soon.

Estimated take-home cost$284 / week

Polestar 2 Long Range Dual Motor with Performance Pack
$110,000 salary · 5-year lease

Includes estimated running costs. Final residual payment of $26,610 is separate. An estimate, not a quote.

01 Compare electric variants02 Add your salary and driving03 See your costs and next steps

FIND YOUR FIT

Which Polestar works for you?

5 priced models · 12 variants in our catalogue

Estimates use a $110,000 salary and 5-year lease, including estimated running costs. Final residual payments are separate. Savings compare the same car with a standard car loan.

Assumptions behind these estimates

Based on a $110,000 salary, 5-year lease, signed today, and the ATO's current FBT exemption rules, with a 7.5% finance rate and no deposit. Includes estimated running costs and a provider management fee. The final residual is separate from weekly costs. Savings compare the same car with a standard car loan and account for differences in final payments. Your provider’s quote and personal circumstances may change the result.

  • Polestar 2

    Polestar 2 Long Range Single Motor. Illustrative image; trim details may vary.

    Illustrative image only. Actual model may differ.

    Generic illustration. Model image coming soon.

    Estimated take-home costFrom $222 / week
    FBT-exempt

    $32,676 estimated saving over 5 years

    Cost breakdown

    Car price: $72,735indicative drive-away

    Final residual payment: $20,639, separate from the weekly amount.

    FBT-exempt on a novated lease.

    Confirm eligibility, options and fees with your provider.

    Model details

  • Polestar 4

    Polestar 4 Rear motor. Illustrative image; trim details may vary.

    Illustrative image only. Actual model may differ.

    Generic illustration. Model image coming soon.

    Estimated take-home costFrom $248 / week
    FBT-exempt

    $36,307 estimated saving over 5 years

    Cost breakdown

    Car price: $81,135indicative drive-away

    Final residual payment: $23,140, separate from the weekly amount.

    FBT-exempt on a novated lease.

    Confirm eligibility, options and fees with your provider.

    Model details

  • Polestar 4 SUV

    Polestar 4 SUV Rear motor. Illustrative image; trim details may vary.

    Illustrative image only. Actual model may differ.

    Generic illustration. Model image coming soon.

    Estimated take-home costFrom $248 / week
    FBT-exempt

    $36,307 estimated saving over 5 years

    Cost breakdown

    Car price: $81,135indicative drive-away

    Final residual payment: $23,140, separate from the weekly amount.

    FBT-exempt on a novated lease.

    Confirm eligibility, options and fees with your provider.

    Model details

  • Polestar 3

    Polestar 3 Rear motor. Illustrative image; trim details may vary.

    Illustrative image only. Actual model may differ.

    Generic illustration. Model image coming soon.

    Estimated take-home costFrom $559 / week
    Not FBT-exempt

    $11,866 estimated saving over 5 years

    Cost breakdown

    Car price: $127,618indicative drive-away

    Final residual payment: $37,523, separate from the weekly amount.

    Above the $91,661 FBT exemption threshold.

    Confirm eligibility, options and fees with your provider.

    Model details

  • Polestar 5

    Polestar 5 Dual motor Launch edition. Illustrative image; trim details may vary.

    Illustrative image only. Actual model may differ.

    Generic illustration. Model image coming soon.

    Estimated take-home costFrom $806 / week
    Not FBT-exempt

    $18,309 estimated saving over 5 years

    Cost breakdown

    Car price: $186,788indicative drive-away

    Final residual payment: $55,832, separate from the weekly amount.

    Above the $91,661 FBT exemption threshold.

    Confirm eligibility, options and fees with your provider.

    Model details

Examples assume a lease signed today. FBT means fringe benefits tax. Eligibility depends on the exact vehicle and lease date. Read the Polestar FAQs.

Leasing a Polestar: what to check

Compare the Polestar 2, the Polestar 4, the Polestar 4 SUV, the Polestar 3 and the Polestar 5 variants currently in our priced catalogue above. Looking at another Polestar? Check the exact electric model and trim on your dealer quote, then confirm pricing and eligibility with your lease provider.

Buying notes for Polestar

Polestar runs dated offers on particular model years, and a quoted price may already include one. Ask for the model year, the option packs and any offer to be itemised on the quote, and check which figure the list price is based on, because that figure decides the exemption, not the drive-away total.

Brand guidance checked 17 September 2026. Polestar Australia 

Polestar novated lease FAQ

Are Polestar offers included in these estimates?

No. Current Polestar offers are listed on our offers page, but they are not built into these estimates: Polestar's terms exclude novated lease customers, and the offers change by model year and end on fixed dates. Our figures use the catalogue price for each variant. A variant close to a threshold is the one where an offer matters most, so ask your lease provider to confirm which price the exemption test uses on your quote before relying on it.

Which Polestar EVs are FBT-exempt on a novated lease?

The Polestar 2, the Polestar 4 and the Polestar 4 SUV qualify on every variant we track. The Polestar 3 and the Polestar 5 sit above the $91,661 luxury car tax threshold, so they do not. The test is the car's list price against the threshold for fuel-efficient vehicles, so the variant you choose matters as much as the model.

Which Polestar keeps the full exemption after April 2027?

Under the announced changes, new leases signed from 1 April 2027 on EVs listed above $75,000 keep only a quarter of the exemption. The Polestar 4 Dual motor (list price $81,750), the Polestar 4 SUV Dual motor (list price $81,750) and the Polestar 2 Long Range Dual Motor with Performance Pack (list price $85,080) sit over that cap, so signing before the date locks in the full exemption for the life of the lease. The Polestar 2 Long Range Single Motor, the Polestar 2 Long Range Dual Motor, the Polestar 4 Rear motor and the Polestar 4 SUV Rear motor stay under it on current prices.

Which Polestar saves the most on a novated lease?

On a $110,000 salary and a 5-year lease, the Polestar 2 shows the largest estimated saving against a standard car loan, an estimated $40,616 for its best variant. Next is the Polestar 4 at an estimated $39,397. A bigger saving usually comes with a dearer car, so compare take-home pay in the calculator, not just the saving.

What salary do I need for a Polestar novated lease to make sense?

There is no minimum, but the saving tracks your marginal tax rate. On the Polestar 2 Long Range Dual Motor with Performance Pack, the estimated saving over the term runs from about $40,616 on a $70,000 salary to about $48,213 on $190,000. Your own figure depends on your salary and the variant you choose. Calculate the Polestar 2 Long Range Dual Motor with Performance Pack on your salary

Does my employer need to offer novated leasing?

Yes. A novated lease uses a salary packaging arrangement with your employer. You can explore an estimate before you know, but check with payroll which providers and arrangements your employer supports.

What is included in the estimate?

The calculator includes lease payments and estimated running costs. You can adjust the running costs to suit your driving. Provider fees, insurance and finance rates can vary, so compare the itemised quote with your estimate.

What happens at the end of the lease?

A residual payment remains at the end of the lease. Check this amount in your estimate and provider quote, and ask your provider about the available options for keeping, selling or refinancing the car.

Ready to personalise your Polestar estimate?

Adjust your salary, lease term and running costs to see your own numbers.

An estimate, not a provider quote.

Polestar Polestar 2. Illustrative image; trim details may vary.

Illustrative image only. Actual model may differ.

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© 2026 Symply EVs Pty LtdABN 47 701 457 552ACN 701 457 552

Symply EVs Pty Ltd is not a credit provider, lender, or Australian Financial Services Licensee, and does not provide credit, financial product, or tax advice. We provide general information and calculator tools to help you estimate potential savings on a novated lease vs a standard loan, and where you choose to proceed, we may connect you with third-party novated lease and finance providers that hold an Australian credit licence or act under one. Confirm your exact figures and circumstances with a novated lease provider, your payroll team, or a tax adviser before entering into any agreement. The content of this site is written and published by Symply EVs alone: our financing partner, Lodge IQ Pty Ltd (ACN 643 292 700), is not the author of, and is not responsible for, any content on this site.

† Estimates use current ATO tax brackets, the standard residual schedule, estimated running costs, GST credits on the car and running costs, and a typical provider fee; your lease provider's quote will differ. Catalogue updated October 2026.

Savings estimates: Savings compare a novated lease with financing the same car through a standard post-tax car loan at the same assumed vehicle price, interest rate and ATO residual percentage. When a novated offer is included, the comparison isolates financing and tax differences; it does not assume a retail loan buyer can access that offer or count the purchase discount as an additional saving. They count the income tax and Medicare levy saved, and the GST the financier and your employer claim on the car (up to the $69,883 car limit) and on running costs other than registration. They also count the GST charged on the lease's final payment and a $300 a year provider management fee. They leave out establishment fees and differences in insurance or interest rate between providers. For an FBT-exempt EV, your employer still reports the car's grossed-up taxable value on your income statement as a reportable fringe benefit. It isn't taxed, but it is added to your income for HELP (HECS) and other study loan repayments, the Medicare levy surcharge, and Centrelink and child support assessments, which can reduce your saving.

Pricing: *Indicative drive-away prices are estimates for a private buyer in Sydney, NSW, based on the manufacturer's own price for postcode 2150 where it publishes one. They include stamp duty, 12 months' registration, compulsory third party insurance and dealer delivery, and exclude options. Supported novated discounts and advertised campaign prices are included where labelled. Campaign availability and novated eligibility must be confirmed by your provider. Other discounts are excluded. Prices marked + on-road costs are the manufacturer's list price, before those costs. Neither is a quote: your final price depends on your location, dealer and circumstances.

Vehicle images: Images include illustrations. Illustrations are labelled. Colours, wheels and trim details may vary from Australian specifications. Confirm the exact specification with the supplier. Vehicle names and brands are trade marks of their owners. Symply EVs is not affiliated with or endorsed by any manufacturer.