Kia EV6 vs Hyundai Ioniq 5 — Novated Lease Comparison
Side-by-side novated lease comparison of the Kia EV6 and Hyundai Ioniq 5. Specs, costs, savings, and a clear winner.
Specs Comparison
| Spec | Kia EV6 | Hyundai Ioniq 5 |
|---|---|---|
| Price | $67,990.00 | $63,000.00 |
| Type | EV | EV |
| Battery | 77.4 kWh | 77.4 kWh |
| Range | 528 km | 507 km |
| FBT Status | Exempt | Exempt |
Novated Lease Costs at $80K Salary
| Kia EV6 | Hyundai Ioniq 5 | |
|---|---|---|
| Fortnightly Deduction | $648.00 | $609.62 |
| Annual Lease Cost | $16,848.00 | $15,850.00 |
| Annual Tax Saving | $5,391.36 | $5,072.00 |
| Annual GST Saving | $1,236.18 | $1,145.45 |
| FBT Cost/yr | $0 (exempt) | $0 (exempt) |
| Net Annual Saving | $6,627.54 | $6,217.45 |
| 5-Year Total Saving | $33,137.71 | $31,087.27 |
Running Costs Comparison
| Cost | Kia EV6 | Hyundai Ioniq 5 |
|---|---|---|
| Fuel/Charging | $700.00 | $700.00 |
| Insurance | $1,700.00 | $1,700.00 |
| Registration | $350.00 | $350.00 |
| Servicing | $500.00 | $500.00 |
| Total/yr | $3,250.00 | $3,250.00 |
Verdict
The Kia EV6 wins on novated lease value, saving $6,627.54 per year vs $6,217.45 for the Hyundai Ioniq 5. Over 5 years that is $33,137.71 in total savings. The FBT exemption is a major factor.
Related Pages
Frequently Asked Questions
Which is cheaper to novated lease — Kia EV6 or Hyundai Ioniq 5?
The Kia EV6 is cheaper to lease. On an $80K salary, the Kia EV6 costs $648.00 fortnightly vs $609.62 for the Hyundai Ioniq 5.
Which saves more on tax — Kia EV6 or Hyundai Ioniq 5?
The Kia EV6 delivers higher tax savings because it has a higher annual lease deduction, reducing more of your taxable income.
Are both the Kia EV6 and Hyundai Ioniq 5 FBT exempt?
The Kia EV6 is FBT exempt. The Hyundai Ioniq 5 is FBT exempt.
Which has lower running costs?
The Hyundai Ioniq 5 has lower annual running costs at $3,250.00/year vs $3,250.00/year.
Which car should I novated lease?
If budget is the priority, go with the Kia EV6. Consider range (528 km vs 507 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.