The first electric car to be crowned Drive Luxury Car of the Year under $100,000
With its innovative exterior design, spacious interior using sustainable materials, and a performance chassis honed by race engineers in Sweden, Polestar 4 is a breath of fresh air in one of Australia’s most popular luxury segments.
Business class feel
Breakthrough design is a theme for Polestar 4, both inside and out. The traditional rear window is removed to allow for exceptional rear occupant space, comfort and headroom, and a digital rear-view mirror replaces the conventional setup. This results in an innovative rear passenger compartment with reclining rear seats and a cabin that feels like Business Class.
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Sustainable interior
Interior materials include recycled plastics in various executions, like the unique Tailored Knit upholstery which is made from 100% recycled PET and 3D-knitted to size, with zero waste.
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Lowest carbon footprint of any Polestar car
- Available with single-or dual-motor powertrains with up to 400 kW (544 hp) and 686 Nm (506 lb-ft)
- Polestar 4 launched as the fastest Polestar to date, achieving the 0-100 km/h (0-62 mph) sprint in 3.8 seconds.
- Active dampers allow for dynamics to be adjusted according to the driving environment
- 4-piston Brembo brakes feature as part of the performance components.
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How does a novated lease work?
Just like other forms of car finance, there are typically a number of payments over a fixed term, with a residual (or balloon) payment due at the end of the lease. Each party to the agreement – employer, employee, and financier – will play a specific role.
The employer
Agrees to make regular, automated payroll deductions from the employee’s pre-tax salary. Our expert team helps set everything up.
The employee
Agrees to pre-tax salary deductions, in exchange for the use of the vehicle. The vehicle can be used for business or entirely for personal use.
The financier
Procures the vehicle, establishes the lease and manages the administrative, contractual and compliance aspects of the transaction.
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Novated Lease Calculator
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Quick-fire novated lease questions
Learn more about how a novated lease works from start to finish. Our expert consultants can also answer any questions, so you can sign up with confidence.
Find my best deal
Is there a minimum salary to get a novated lease?
No, there is no minimum salary to get a novated lease.
Novated leasing approval is dependent on your capacity as a borrower much like traditional finance. This means you need to illustrate your ability to meet regular repayments over the term of the lease.
Chat with one of our experts about how much you may be able to borrow.
How long will my novated lease be?
The term of the lease agreement is completely up to you.
Generally, terms of one to five years are available under a novated lease.
The length of the lease term will determine your repayments and your residual.
What's the minimum and maximum value of car I can get?
The amount you can borrow for a vehicle will vary depending on the lender.
In general, the minimum novated lease amount is $10,000, while higher amounts (up to $500k) are subject entirely to the repayment capacity of the applicant.
Chat with one of our experts about how much you may be able to borrow or check out our novated lease explained guide.
Can you help me get a novated lease anywhere in Australia?
Can I buy a used car with a novated lease?
Yes, you can buy a used car both privately or through a dealership.
Some financiers will allow the vehicle to be up to 15 years of age at least end.
Buying a used car from a dealership will also still see you save the GST on the purchase price. Find out more by visiting used cars through a novated lease.
Can I get a novated lease if I work for my own company?
Salary sacrificing a car through a novated lease can be suitable for a business owner who is also an employee of their own company, but it’s only an option if the business owner is receiving a salary from the company they own.
If you are planning to leave your current employment to start your own business, you can transfer your novated lease, provided you are paying yourself a salary.
If you are self-employed – i.e. are not paid a salary or paying yourself a salary through your own company – you will need to look at alternative forms of vehicle finance.
What happens at the end of a novated lease?
You have a few options available at the end of your novated lease term:
Upgrade - most of our customers tend to upgrade their vehicle, your expert consultant can help you find the right upgrade for you and even help you sell your current vehicle to help pay out the residual. If the sale price is higher than the residual, you keep that profit - tax-free!
Extend - If you want to keep the same car and continue enjoying the tax savings, we can help you refinance the residual amount for another term of your choice.
Own outright - Pay the residual amount (including GST) at the end of the lease term to own the car outright
What happens if I leave my current job during a novated lease?
If you leave your job during the term of your novated lease, you will still be responsible for making the finance repayments on the vehicle.
The lease will be de-novated, where the running costs are removed from the agreement and repayments work much the same way as a standard car loan.
If you are going to a new employer who offers novated leasing as an employee, you may be able to transfer your novated lease over under a re-novation, or request Novated Lease Australia set up as a partner.
