BYD Dolphin vs Hyundai Kona EV — Novated Lease Comparison
Side-by-side novated lease comparison of the BYD Dolphin and Hyundai Kona EV. Specs, costs, savings, and a clear winner.
Specs Comparison
| Spec | BYD Dolphin | Hyundai Kona EV |
|---|---|---|
| Price | $38,890.00 | $54,500.00 |
| Type | EV | EV |
| Battery | 44.9 kWh | 65.4 kWh |
| Range | 427 km | 490 km |
| FBT Status | Exempt | Exempt |
Novated Lease Costs at $80K Salary
| BYD Dolphin | Hyundai Kona EV | |
|---|---|---|
| Fortnightly Deduction | $397.23 | $534.62 |
| Annual Lease Cost | $10,328.00 | $13,900.00 |
| Annual Tax Saving | $3,304.96 | $4,448.00 |
| Annual GST Saving | $707.09 | $990.91 |
| FBT Cost/yr | $0 (exempt) | $0 (exempt) |
| Net Annual Saving | $4,012.05 | $5,438.91 |
| 5-Year Total Saving | $20,060.25 | $27,194.55 |
Running Costs Comparison
| Cost | BYD Dolphin | Hyundai Kona EV |
|---|---|---|
| Fuel/Charging | $600.00 | $650.00 |
| Insurance | $1,200.00 | $1,500.00 |
| Registration | $350.00 | $350.00 |
| Servicing | $400.00 | $500.00 |
| Total/yr | $2,550.00 | $3,000.00 |
Verdict
The Hyundai Kona EV wins on novated lease value, saving $5,438.91 per year vs $4,012.05 for the BYD Dolphin. Over 5 years that is $27,194.55 in total savings. The FBT exemption is a major factor.
Related Pages
Frequently Asked Questions
Which is cheaper to novated lease — BYD Dolphin or Hyundai Kona EV?
The Hyundai Kona EV is cheaper to lease. On an $80K salary, the BYD Dolphin costs $397.23 fortnightly vs $534.62 for the Hyundai Kona EV.
Which saves more on tax — BYD Dolphin or Hyundai Kona EV?
The Hyundai Kona EV delivers higher tax savings because it has a lower annual lease deduction, reducing more of your taxable income.
Are both the BYD Dolphin and Hyundai Kona EV FBT exempt?
The BYD Dolphin is FBT exempt. The Hyundai Kona EV is FBT exempt.
Which has lower running costs?
The BYD Dolphin has lower annual running costs at $2,550.00/year vs $3,000.00/year.
Which car should I novated lease?
If budget is the priority, go with the Hyundai Kona EV. Consider range (427 km vs 490 km), boot space, and your daily driving needs too.
Want exact numbers for your situation?
Use our full novated lease calculator with your exact salary, car price, and lease term.
Open Novated Lease CalculatorEstimates based on 2025-26 Australian tax rates. Actual savings depend on your employer arrangement, residual value, and exact running costs. Car prices are drive-away estimates and may vary by dealer. This is general information only, not financial advice. Consult a financial adviser for personal guidance.