Polestar 2 Novated Lease
Calculate novated lease savings on the Polestar 2 ($59,990.00).
Last verified: 2025-07-01 | 2025-26 tax rates
Polestar 2 Novated Lease at a Glance
$59,990.00
EV
554 km
82 kWh
$0 (exempt)
$5,453.64
Polestar 2 Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $814.57 | $10,165.82 | $16,519.45 |
| $85,000.00 | $814.57 | $10,165.82 | $16,519.45 |
| $100,000.00 | $814.57 | $10,165.82 | $16,519.45 |
| $120,000.00 | $814.57 | $10,165.82 | $16,519.45 |
| $150,000.00 | $814.57 | $12,389.59 | $18,743.23 |
Polestar 2 Annual Running Costs
| Charging | $600.00 |
| Insurance | $1,500.00 |
| Registration | $800.00 |
| Servicing | $450.00 |
| Total per year | $3,350.00 |
Buying vs Novated Lease: Polestar 2
Comparison for an $85,000 salary over 3 years:
Buying outright
$69,890.00
After-tax dollars
Novated lease
$63,536.36
Pre + post-tax mix
Is the Polestar 2 worth it on a novated lease?
The Polestar 2 is one of Australia's most popular electric vehicles and makes an excellent choice for novated leasing. As an EV priced under $91,387, it qualifies for the FBT exemption, meaning you pay $0 in Fringe Benefits Tax. This makes the Polestar 2 significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $59,990.00, you save $5,453.64 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $16,519.45 on an $85,000 salary.
With a 82 kWh battery and 554 km of range, the Polestar 2 handles daily commuting with ease. Annual charging costs are approximately $600.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a Polestar 2 novated lease cost?
On an $85,000 salary with a 3-year lease, the Polestar 2 ($59,990.00) costs approximately $814.57 per fortnight including running costs.
Is the Polestar 2 FBT exempt?
Yes, the Polestar 2 is FBT exempt as it is an electric vehicle priced under $91,387. You pay $0 FBT on a novated lease until March 2027.
How much can I save on a Polestar 2 novated lease?
On an $85,000 salary over 3 years, you can save approximately $16,519.45 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a Polestar 2?
Annual running costs for the Polestar 2 are approximately $3,350.00, including charging ($600.00), insurance ($1,500.00), rego ($800.00), and servicing ($450.00).
What is the range of the Polestar 2?
The Polestar 2 has a range of approximately 554 km on a full charge with a 82 kWh battery pack.
Calculate Your Exact Savings
Use our novated lease calculator with your specific salary, car, and preferences.
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