Electric, made simple

Polestar 5 Dual motor Launch edition

Name: Polestar 5 Dual motor Launch edition
Brand: Polestar
Price: 186788 AUD

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

Illustrative image only. Actual model may differ.

$186,788indicative drive-away

Estimated savings

$18,309

Over a
5-year lease

with a novated lease vs a standard car loan

Free estimate. No contact details needed.

Not FBT-exempt

Signing: before 31 Mar 2027

Based on a $110,000 salary and $10,000 estimated annual running costs. Adjust below to make it yours.

678 kmWLTP range

112 kWhBattery

365 LBoot space

Indicative pricing, not a dealer quote. WLTP is a laboratory comparison; real-world range varies.

Make it yours.

Adjust your details to personalise your estimate.

Your salary before tax

Lease term

Estimated savings over 5 years$18,309

vs a standard car loan

Not FBT-exempt

Costs, timing and assumptions

Now: before 31 Mar 2027 (Phase 1) · $10,000/yr estimated running costs · 7.5% interest · $0 deposit

When would you sign?

Deposit$0

Interest rate (indicative)7.5%

Estimated annual running costs$10,000

Auto-estimated from this car's price. Drag to override, or plug in a real quote.

Estimated final payment to keep the car$55,832

Payable at the end of the lease. Included in the comparison with a standard car loan.

Your next step

Talk through your estimate with our leasing and finance partner.

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View full cost breakdown

Estimated savings over the lease term

$18,309

vs financing the same EV with a standard post-tax car loan, not a discount on the car itself

Statutory FBT taxable value / yr$30,541

FBT exemption applied0%

Pre-tax salary packaged / yr$16,706

Post-tax contribution / yr$30,541

Income tax saved / yr$5,346

Total cost over the term (after tax saved)$209,505

The value this car is tested on for luxury car tax ($152,705) is at or above the fuel-efficient luxury car tax threshold ($91,661 for 2026–27), so it doesn't qualify for the FBT exemption at all under current rules. The figures above reflect standard FBT treatment, not an EV benefit.

*Indicative vehicle price, not a live quote. Check whether on-road costs are included. These figures are general information only. They are not financial, tax, or credit advice, and your actual costs and savings may differ. 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.

5-year cost, side by side

Same car, financed two ways

This lease

$209,505

Standard loan

$227,814

$18,309 less over the term

Where the annual $47,247 comes from

Salary packaged this year

Pre-tax · $16,706 (35%)

Post-tax · $30,541 (65%)

Common questions

What does the price include?

The $186,788 shown is an indicative price (drive-away), not a live offer. Your location, options and dealer quote can change the total. Confirm an itemised price before comparing finance.

How we compare prices and costs

How are my costs calculated?

The calculator above uses your salary and lease term. Savings are compared with a standard car loan; they are not a discount on the vehicle. Running costs are estimated until you enter your own budget.

Compare another car in the EV novated lease calculator.

Compare Polestar 5 variant lease costs

Polestar novated lease costs by model

Compare electricity and petrol costs by state

Does my employer need to offer novated leasing?

Yes. Your employer needs to support salary packaging for the lease. You can use the calculator without entering contact details, then check with payroll which providers and arrangements your employer accepts.

What happens at the end of the lease?

The calculator shows an estimated final payment to keep the car. Your lease contract sets the actual amount and end-of-lease options. Check these with your provider before signing; refinancing or changing cars may require a new agreement.

What happens after I request a callback?

You review the contact form and consent before submitting. Your enquiry and estimate are sent to our leasing and finance partner, so they can discuss your needs and next steps. Requesting a callback does not commit you to a lease. You can also email yourself the estimate instead.