Financing options: Novated leasing

A novated lease is an agreement between you, your employer and your employers fleet company, that lets you bundle the finance and all the expected running costs of a new Polestar into a single payment. This can then be deducted from your salary, to help save you time and money.

A novated lease is an agreement between you, your employer and your employers fleet company, that lets you bundle the finance and all the expected running costs of a new Polestar into a single payment. This can then be deducted from your salary, to help save you time and money.

01.
Potential tax savings
A novated lease may reduce the cost of vehicle ownership by allowing finance and vehicle running costs to deducted from your salary. Any financial benefit will depend on your individual circumstances and eligibility.

02.
Potential GST benefits
Eligible novated leases can provide GST savings on the purchase price of the vehicle, as well as on many included running costs throughout the lease term.Eligible novated lease arrangements may provide GST benefits on the vehicle purchase price.
03.
Fringe benefit tax exemption
Eligible battery electric vehicles may qualify for the Australian Government's Fringe Benefits Tax (FBT) exemption when provided through a novated lease. This can significantly improve the value of salary packaging an electric vehicle.

Eligibility requirements apply, including applicable vehicle thresholds and current government regulations.
Find out more
04.
One regular payment
Vehicle costs can be consolidated into a single payroll deduction, making ownership easier to manage. Depending on your lease agreement, this may include registration insurance, routine servicing, tyres, roadside assistance and charging costs.

Contact your local Polestar space, who will be able to support you through the process.

Polestar vehicles are well suited to novated leasing. With battery electric powertrains, low servicing requirements and eligibility for current EV salary packaging incentives, a novated lease can be an efficient way to access a premium electric vehicle.

Whether you're considering the Polestar 2, Polestar 3 or Polestar 4, a novated lease can help simplify ownership while providing access to potential tax benefits available to eligible Australian employees.

Here are a few of the providers who are currently offering Polestar cars through novated leasing:

Novated Lease Australia

A novated lease is a three-way agreement between an employee, an employer and a leasing provider. The employer makes lease payments on the employee's behalf through salary packaging arrangements, while the employee retains use of the vehicle.
Novated leasing is generally available to employees whose employer offers salary packaging. Eligibility requirements vary between employers and leasing providers.
Depending on the lease agreement, costs may include registration, insurance, servicing, tyres, roadside assistance and charging expenses.
If you change employers, you may be able to transfer the novated lease to your new employer if they offer salary packaging. Alternative arrangements may also be available through your leasing provider.
Yes. Novated leasing is one of the most popular ways to salary package an electric vehicle in Australia. Eligible battery electric vehicles may also qualify for current government tax incentives, including the FBT exemption.
At the end of the lease term, you may have several options depending on your agreement. These can include paying the residual value and keeping the vehicle, refinancing the residual amount, upgrading to a new vehicle, or returning the vehicle.

Important information:

This information is general only and does not take your individual circumstances into account. You should consider whether it is suitable for you and seek independent professional tax or financial advice before making a decision.

A novated lease is an agreement between you, your employer and your employers fleet company, that lets you bundle the finance and all the expected running costs of a new Polestar into a single payment. This can then be deducted from your salary, to help save you time and money.

The benefits of novated leasing

.css-ctnd6o{color:rgb(255, 117, 0);}01.Potential tax savings

02.Potential GST benefits

03.Fringe benefit tax exemption

04.One regular payment

How to get started

Novated lease a Polestar

Frequently asked questions

01.
Potential tax savings

02.
Potential GST benefits

03.
Fringe benefit tax exemption

04.
One regular payment