Polestar · SUV

Polestar 4 novated lease and the FBT cliff

177days left to commit,
to keep the full exemption
Last day: 31 March 2027

Treasury draft · not law yet

Electric carVariant

Car’s value for FBT ($, incl. GST)Maker's price with delivery, before government charges. Add any options you choose.

Salary ($ a year)Before tax and packaging, from $45,000.Lease term

How the estimate works

Without a concession, FBT’s statutory formula makes 20% of the car’s value taxable each year.
Novated leases clear that by moving the same amount from pre-tax to after-tax pay.
The saving is the 2026–27 income tax and Medicare levy you avoid on that amount.

Commit by 31 March 2027

$11,070 more tax

Estimated, if you commit after 31 Mar 2027 under the draft. Estimate only. General information, not tax advice.

Breakdown

$75,000 to $91,661Polestar 4 Coupe Rear motor

Commit by 31 March 2027 to keep the full exemption.

$11,070

Estimated extra tax over a 3-year lease if you commit from 1 April 2027 instead, when the draft cuts the exemption to a 25% discount ($3,690 a year).

177 days left to commit by 31 March 2027

$76,900

$25,000$75,000$91,661$125,000+

Up to $75,000: full exemption for commitments until 31 Mar 2029$75,001 to $91,661: full exemption only if you commit by 31 Mar 2027Over $91,661: no FBT concession

Estimated tax effect by when you commit to the lease

If you commit	DiscountFBT discount	Saved a yearTax saved a year
By 31 Mar 2027	100%	$4,920
Apr 2027 – Mar 2029	25%	$1,230
From Apr 2029	25%	$1,230

Reportable fringe benefits: about $29,020 a year would appear on your income statement if you commit by 31 March 2027. It isn’t taxed, but income tests such as HELP repayments and the Medicare levy surcharge count it.

Estimate only. General information, not tax advice. It uses 2026–27 tax rates and the FBT statutory formula, and assumes you pay an after-tax contribution to clear any FBT. The rules for commitments from 1 April 2027 are a Treasury exposure draft, not law, and may change. Confirm your numbers with your employer, your novated lease provider or a registered tax agent.

Updated 3 Oct 2026 · every figure links to its source · Some links are referral links; that never changes the order.

The Coupe Rear motor, SUV Rear motor, Coupe Dual motor and SUV Dual motor sit between $75,000 and $91,661: full exemption only if you commit by 31 March 2027, then a 25% discount.

$25,000$75,000$91,661$125,000+

Up to $75,000: full exemption for commitments until 31 Mar 2029$75,001 to $91,661: full exemption only if you commit by 31 Mar 2027Over $91,661: no FBT concession

What to know about the Polestar 4

The rear-motor versions show how a delivery fee can decide the band. Polestar's list price for them is $73,900, under $75,000, but its own price includes a delivery fee that takes the total to $76,900, and base value counts delivery. Options only push it further up, so there is no way back under the line.

Coupe or SUV makes no difference to the FBT answer; the motor does. The dual-motor versions at $84,750 sit further into the band but leave room under the $91,661 limit for options. All four share a 100 kWh battery, with the rear-motor SUV quoting the longest range at 630 km. Because every Polestar 4 is in the 2027 band, this is a car where signing early pays.

Polestar 4 variants against the lines

Polestar 4 at a $100,000 salary

Variant	Maker's price	Where it sits	By 31 Mar 2027	Apr 2027 – Mar 2029	From Apr 2029	Price source
Coupe Rear motor	$76,900with delivery	$75,000 to $91,661 · close	$4,920	$1,230	$1,230	Polestar, 3 Oct 2026
SUV Rear motor	$76,900with delivery	$75,000 to $91,661 · close	$4,920	$1,230	$1,230	Polestar, 3 Oct 2026
Coupe Dual motor	$84,750with delivery	$75,000 to $91,661	$5,420	$1,360	$1,360	Polestar, 3 Oct 2026
SUV Dual motor	$84,750with delivery	$75,000 to $91,661	$5,420	$1,360	$1,360	Polestar, 3 Oct 2026

Estimated income tax and Medicare levy saved each year compared with a car that gets no FBT concession. “Close” means within $3,000 of a line, where dealer delivery, options or on-road costs can move the car across it.

Tax saved a year on the Coupe Rear motor, by salary

Coupe Rear motor, $76,900

Salary	By 31 Mar 2027	Apr 2027 – Mar 2029	From Apr 2029	Missing the deadline, 3-year lease
$60,000	$5,110	$1,240	$1,240	$11,590
$90,000	$4,920	$1,230	$1,230	$11,070
$120,000	$4,920	$1,230	$1,230	$11,070
$160,000	$6,000	$1,500	$1,500	$13,500
$220,000	$7,230	$1,810	$1,810	$16,260

The last column is the extra tax over a three-year lease from committing just after 31 March 2027 instead of just before. Salaries between $45,000 and $66,667 can show a slightly bigger figure than higher ones, because the low income tax offset phases out across that range.

About these prices

1,022 Polestar 4s were sold in Australia from January to August 2026. (CarExpert Sales Atlas, VFACTS and EV Council data, checked 3 October 2026)
Prices are the maker’s own: including its delivery fee but before registration, stamp duty and CTP. The value FBT uses includes dealer delivery and options but not registration, stamp duty or CTP.

Getting a quote for a Polestar 4

Check that your employer offers novated leasing, then ask a provider to quote the exact car, with delivery and options, and to confirm the date your commitment becomes binding. These providers offer novated leases; we list them alphabetically and don’t rank them.

Carbar (opens in a new tab) Referral link: we may earn a commission. It never changes the order.
Maxxia (opens in a new tab) Referral link: we may earn a commission. It never changes the order.
Oly (opens in a new tab) Referral link: we may earn a commission. It never changes the order.
RemServ (opens in a new tab) Referral link: we may earn a commission. It never changes the order.
Smart (opens in a new tab) Referral link: we may earn a commission. It never changes the order.

We compare only the 5 providers listed here, not the whole market.