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You can customise your lease to your liking. Get a Personalised Quote below to choose your options.
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Polestar 2
Compare Savings by Variant
From
$
226
$
0
$
226
per week
From
$
238
$
0
$
238
per week
From
$
239
$
0
$
239
per week
From
$
279
$
0
$
279
per week
Scandinavian design, zero FBT, serious savings
Since its debut in 2019, Polestar 2 has earned its place as one of the most compelling electric vehicles on the market. It’s a genuinely driver-focused alternative to the Tesla Model 3, wrapped in Scandinavian design and backed by Volvo's engineering pedigree. You've landed on the Polestar 2 for all the right reasons.
As a fully electric vehicle priced under the luxury car tax threshold, this refined model is FBT-exempt, meaning every repayment for your Polestar 2 novated lease comes from your pre-tax salary.
Comparing the Polestar 2 variants available in Australia
All three variants qualify for the FBT exemption. The right choice comes down to how you drive and what matters most, whether that’s range, performance or both.
Speak to your consultant about which Polestar 2 makes the most sense for your lease structure
Standard Range Single Motor
- Rear-wheel drive, 220kW
- Up to 659km range
- The most accessible entry point with the lowest residual
Long Range Single Motor
- All-wheel drive, 310kW
- 0 to 100km/h in 4.5 seconds
- Up to 596km range with towing capacity up to 1,500kg
- Best for high-kilometre commuters who want maximum range
Long Range Dual Motor with Performance Pack
- All-wheel drive, 350kW
- 0 to 100km/h in 4.2 seconds
- For drivers who want performance without compromise
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What does a Polestar 2 novated lease actually cost?
Using a Polestar 2 Single Motor at $66,400, on a salary of $150,000 over a five-year lease term:
- Weekly payment: approximately $226
- Annual tax saving: $10,149
- Total saving over 5 years: $50,745
- Annual kilometres: 15,000km
- Business use: 80%
Every dollar of that saving comes from the combination of pre-tax salary payments, the GST saving on purchase, and the FBT exemption. Buying outright or financing through a standard car loan delivers, well, none of it.
Use our Polestar 2 novated lease calculator to reveal your potential savings with Leaselab to help steer your lease.
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Quick Quote
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The information you share is used for the purposes of an estimate. In many cases your final quote is less than what is shown here based on your personal circumstances.
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.
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How does the Polestar 2 compare to the Tesla Model 3?
Both are FBT-exempt, have a similar price range and both are strong novated lease candidates. The difference comes down to preference:
- Polestar 2 offers a more premium, understated interior with physical controls and Google-powered infotainment
- Tesla Model 3 leans into a minimalist, screen-first experience with a larger Supercharger network
- Polestar 2 is built on Volvo's platform with a focus on refinement and ride quality
- Both hold their value well
Neither is a wrong choice. It comes down to which one you want to drive every day. Compare all electric vehicles available on a novated lease with a little help from us.
Does the FBT exemption apply to all Polestar 2 variants?
Yes, provided the variant is priced under the luxury car tax threshold at the time of purchase. All current Polestar 2 variants qualify as of June 2026, but it’s worth confirming with your consultant at quote stage as thresholds are reviewed annually by the ATO.
Can I include home charging costs in my Polestar 2 novated lease?
Yes. Home charging costs can be bundled into your novated lease alongside servicing, registration, tyres and insurance. Speak to the team about how to structure this correctly.
What is the Polestar 2 residual value on a novated lease?
Your residual is set by the ATO at the start of your lease based on the vehicle's purchase price and lease term. On a five-year lease, the residual is 28.13% of the purchase price. If the car's market value at lease end exceeds that figure, the difference is yours to keep tax-free.
Can I upgrade from a Polestar 2 to a Polestar 3 at the end of my lease?
Absolutely. At lease end, you can trade in your Polestar 2 through TradeLab, keep any equity above the residual tax-free, and roll straight into a new novated lease on the Polestar 3 or any other vehicle. Browse all cars available on a novated lease.
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