Kia Niro EV vs Volvo EX30 — Novated Lease Comparison
Side-by-side novated lease comparison of the Kia Niro EV and Volvo EX30. Specs, costs, savings, and a clear winner.
Specs Comparison
| Spec | Kia Niro EV | Volvo EX30 |
|---|---|---|
| Price | $55,490.00 | $49,990.00 |
| Type | EV | EV |
| Battery | 64.8 kWh | 69 kWh |
| Range | 460 km | 476 km |
| FBT Status | Exempt | Exempt |
Novated Lease Costs at $80K Salary
| Kia Niro EV | Volvo EX30 | |
|---|---|---|
| Fortnightly Deduction | $538.38 | $507.62 |
| Annual Lease Cost | $13,998.00 | $13,198.00 |
| Annual Tax Saving | $4,479.36 | $4,223.36 |
| Annual GST Saving | $1,008.91 | $908.91 |
| FBT Cost/yr | $0 (exempt) | $0 (exempt) |
| Net Annual Saving | $5,488.27 | $5,132.27 |
| 5-Year Total Saving | $27,441.35 | $25,661.35 |
Running Costs Comparison
| Cost | Kia Niro EV | Volvo EX30 |
|---|---|---|
| Fuel/Charging | $650.00 | $650.00 |
| Insurance | $1,400.00 | $1,600.00 |
| Registration | $350.00 | $350.00 |
| Servicing | $500.00 | $600.00 |
| Total/yr | $2,900.00 | $3,200.00 |
Verdict
The Kia Niro EV wins on novated lease value, saving $5,488.27 per year vs $5,132.27 for the Volvo EX30. Over 5 years that is $27,441.35 in total savings. The FBT exemption is a major factor.
Related Pages
Frequently Asked Questions
Which is cheaper to novated lease — Kia Niro EV or Volvo EX30?
The Kia Niro EV is cheaper to lease. On an $80K salary, the Kia Niro EV costs $538.38 fortnightly vs $507.62 for the Volvo EX30.
Which saves more on tax — Kia Niro EV or Volvo EX30?
The Kia Niro EV delivers higher tax savings because it has a higher annual lease deduction, reducing more of your taxable income.
Are both the Kia Niro EV and Volvo EX30 FBT exempt?
The Kia Niro EV is FBT exempt. The Volvo EX30 is FBT exempt.
Which has lower running costs?
The Kia Niro EV has lower annual running costs at $2,900.00/year vs $3,200.00/year.
Which car should I novated lease?
If budget is the priority, go with the Kia Niro EV. Consider range (460 km vs 476 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.