Polestar Novated Lease
Drive your favourite Polestar with all the perks of novated leasing. Flexible options, exclusive savings, and stress-free motoring made easy.
Discover Artful Scandinavian Design & Innovative Performance with a Polestar Novated Lease
Polestar's evolution from the racetrack to the road marks a thrilling shift towards sustainable driving. What began with high-speed Volvo race cars has transformed into a lineup of cutting-edge electric vehicles and luxurious hybrid SUVs. Polestar remains committed to exceptional design and the planet’s future through every stage.
From the stylish Polestar 2 sedan to the versatile Polestar 3 electric SUV, Polestar’s lineup caters to eco-conscious tech enthusiasts who appreciate a touch of everyday luxury.
Opt for a Polestar novated lease in Australia to drive the latest models while enjoying financial flexibility that aligns with your lifestyle.
Sophisticated Design. Electric Precision. Meet the Polestar Range.
From weekday commutes to weekend getaways, Polestar blends minimalist luxury with intuitive tech and high-performance EV engineering — all with a focus on sustainability and style.
Is a Polestar eligible for FBT exemption under a novated lease?
Your Polestar needs to tick these boxes for FBT exemption on your novated lease:
- Must be fully electric, plug-in hybrid, or hydrogen fuel cell powered
- Passenger vehicle under 1 tonne with less than 9 seats
- Acquired and used after July 1, 2022
- Vehicle value below $91,387 (2024/25 LCT threshold)
Good news: Polestar 2 and Polestar 4 both meet every requirement, so you're set for serious savings.
Is a Polestar novated lease right for you?
If you're a full-time professional looking to reduce your taxable income, a design-conscious driver who values Scandinavian minimalism and cutting-edge EV engineering, or someone seeking a refined alternative to mainstream electric vehicles — a Polestar novated lease could be the smart, stylish choice.
With a Polestar novated lease through Leaselab, you’ll experience high-performance electric driving, intuitive tech and sustainable innovation — all while enjoying substantial tax and GST savings. It’s more than just an EV; it’s a statement of modern driving done intelligently.
What is a novated lease?
A novated lease is an innovative way to finance your vehicle through a three-party agreement involving you, your employer, and a car finance provider. It allows you to pay for your car from your pre-tax salary, leading to significant tax savings and a streamlined car ownership experience.
Save thousands in tax
Bundle your car and running costs into one pre-tax salary deduction, saving thousands annually and tens of thousands over the lease's lifetime.
Get a better car for less money
Save up to $6,334 on the GST component of the car's price, making it easier to afford a better car and maximising your budget.
No bill shock
Turn annual car-related expenses into even monthly payments, preventing unexpected costs that can disrupt your budget.
Include running costs
Add fuel, servicing, insurance, and more to your lease package, all paid pre-tax, increasing your savings on everyday costs.
Fixed monthly payments
Enjoy predictable, fixed payments over the lease term, helping you manage your finances with confidence.
Managed by us, for you
We handle all aspects of your lease, from processing expenses to providing transparent account reporting, ensuring hassle-free management.
The Process
How It Works
A novated lease is a way to pay for your car and its running costs using your pre-tax income, which in the eyes of the ATO reduces your total salary and therefore the amount of tax you pay. It sounds simple, but it’s a total game-changer. Here's how it works in three simple steps.
You + Your Vehicle
Found the car you want? Perfect. Now, instead of you paying for your car outright, you enter into a lease agreement for the car for a fixed period between 1 - 5 years.
You + Your Employer
An agreement is set up between you, your employer and us. Then, your deductions for the lease (including running costs too, if that's what you want) are made by your employer from your pre-tax income. And that reduces the income tax you pay each pay cycle. Plus, your deduction amount is fixed, so you know what you’re paying for your car each month.
You + Leaselab
With a direct line of communication through a dedicated relationship manager, we'll help you navigate any challenges right the way through your lease. Whether it's today or five years from now, we promise you’ll always have the same level of help and service all the way through to the end of your lease.
All your car and running costs are included
Customer Service
Rego & Insurance
Tyres & Alignment
Servicing & Maintenance
Fuel or Electricity
Lease Payments
About Leaselab
We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers.We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.As we always say: It’s a new lease on novated leasing.
Why choose Leaselab for your novated lease?
We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers. We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.
years of combined experience in novated leasing
Customer satisfaction rating
of reviews are 5 stars
How we stack up against the competition
We believe everyday Aussies deserve a smarter way to buy a new ute. That's what grounds our commitment to customer success. And it's why we always act in the best interests of our clients by providing trustworthy education and guidance, even (and especially when) it’s difficult.
Total Transparency & Easy Access
See all your lease details at any time, with a simple, intuitive online portal.
Multiple Lender Options, Competitive Rates
Choose from a range of lenders to get the best deal for you.
Super Short Support Wait Times
Speak to a real person in under a minute, on average.
Rapid Reimbursements
Get your money back fast—usually within 2–3 business days.
Dedicated Account Manager
Enjoy personal service from your own account manager, for the life of your lease.
Exclusive Employee Benefits
Access extra perks and benefits beyond your lease, at no extra cost.
Our Happy Customers
Rated 5/5 based on 141 Google reviews
Frequently Asked Questions
Is a novated lease on a Polestar worth it?
At Leaselab, we’ll help you navigate the road to savings with a Polestar novated lease. This option delivers a suite of financial benefits, starting with payments deducted from your pre-tax income, potentially lowering your taxable income. Plus, enjoy GST savings on your Polestar's purchase price and running costs, including insurance, tyres, maintenance and charging.
The Polestar also qualifies for the federal government’s fringe benefits tax (FBT) exemption, provided it’s under the luxury car tax threshold. This means you can drive in style while enjoying significant savings compared to traditional financing methods.
Is there a minimum salary for a Polestar novated lease?
Good news – there’s no set minimum salary requirement for a Polestar novated lease. Approval hinges on your overall financial health, including income, living expenses, and dependents, to ensure you can comfortably manage the lease payments. For a detailed evaluation and to explore your options, contact Leaselab today.
Which Polestar models can I get on a novated lease?
The Polestar 2, Polestar 3 and Polestar 4 are available for novated leasing in Australia. Many Polestar 2 and Polestar 4 models sit under the FBT exemption threshold, so you'll get maximum tax benefits:
Polestar 2
The Polestar 2 is a sleek and efficient EV sedan, available in two variants:
- Standard Range (Single-Motor)
- Long Range (Dual-Motor)
Typical lease cost: From $182 per week
Key benefits:
- Excellent value as a premium electric sedan
- Impressive ~654 km WLTP range on the Long Range model
- Competes directly with the Tesla Model 3
Polestar 3
Polestar 3 is a high-performance luxury SUV designed for those who want power and space without compromising sustainability. It’s available in:
- Single-Motor AWD
- Dual-Motor AWD
Typical lease cost: From $393 per week
Key benefits:
- A true luxury performance SUV
- Spacious interior with advanced safety features
- Comparable to Tesla Model X or Y
- Higher pricing may exceed the FBT cap on some trim levels
Polestar 4
The Polestar 4 is a bold and futuristic coupe-style SUV with standout design and premium comfort. Variants include:
- Long Range Single-Motor
- Long Range Dual-Motor
Typical lease cost: From $248 per week
Key benefits:
- Distinctive coupe-SUV styling with no rear window
- Over 600 km range on the Long Range Single-Motor
- Sophisticated premium cabin finish
Find out what you could save with our Polestar novated lease calculator.
How does a Polestar novated lease compare to other EVs?
Polestar sits in the premium segment - think BMW iX3 territory, but often better value. You'll get similar tax savings to any EV under $91,387, but with distinctive styling and performance that stands out from the crowd.
What is Polestar, and how is it different from Volvo?
Polestar started as Volvo's performance division but is now a standalone EV brand. They share some DNA and safety focus, but Polestar is purely electric with sportier styling and driving dynamics. Think premium performance EVs, not family wagons.
How does Polestar compare to Tesla?
Polestar offers a more traditional luxury car feel with premium materials and build quality. Tesla leads in tech and charging network. Both work great on a novated lease - it's really about whether you prefer Swedish minimalism or Silicon Valley innovation. See all the cars you can drive with a novated lease and compare the full lineup.
Is the Polestar 2 better than the Tesla Model 3?
"Better" depends on what you value. Polestar 2 feels more premium inside with superior build quality. Model 3 has better tech and charging network access. Both are excellent choices for novated leasing with similar running costs and tax benefits.
Is Polestar fully electric or hybrid?
All Polestar models in Australia are fully electric - no hybrids here. That means you get full FBT exemption benefits and zero emissions driving. They're committed to being a pure EV brand, which works perfectly for novated lease tax advantages.
What charging networks are compatible with Polestar in Australia?
Polestar uses CCS2 charging, so it works with most public networks, including Chargefox, EVIE and Ampol. While you do not get access to Tesla Superchargers yet, the public network provides pretty good coverage for long trips if you do a bit more planning.
Is a Polestar more reliable than a Mercedes-Benz EQ vehicle?
Both are premium brands with solid warranties. Polestar benefits from Volvo's safety heritage and simpler EV-focused engineering. Mercedes has broader service network experience. Either way, comprehensive warranties mean peace of mind for your lease period.
How does Polestar compare to BYD for long-distance driving?
Polestar typically offers longer range and faster charging speeds, plus more premium highway comfort. However, BYD wins on value and efficiency. For regular long-distance driving, Polestar's range and comfort edge might justify the extra cost through your novated lease.
Helping Aussies get into their dream car
We’ve helped thousands save tens of thousands, and we’re on a mission to make novated leasing mainstream, simple and accessible to everyone.
Education that empowers you
We’re here to give you the knowledge and confidence to make the smartest decision for your situation.
Service that never stops
From your first quote to your final lease payment and beyond, our team is by your side throughout the entire process.
“Great service. Always very prompt in answering questions. Excellent communication, kept me up to date through the whole process. Really couldn't be happier with the service I received.”
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Wayne R
Save thousands in tax by driving your dream car
For Drivers
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