Toyota Corolla Cross Hybrid vs MG ZS EV — Novated Lease Comparison
Side-by-side novated lease comparison of the Toyota Corolla Cross Hybrid and MG ZS EV. Specs, costs, savings, and a clear winner.
Specs Comparison
| Spec | Toyota Corolla Cross Hybrid | MG ZS EV |
|---|---|---|
| Price | $37,990.00 | $43,990.00 |
| Type | Hybrid | EV |
| Battery | N/A | 72.6 kWh |
| Range | N/A | 440 km |
| FBT Status | Payable | Exempt |
Novated Lease Costs at $80K Salary
| Toyota Corolla Cross Hybrid | MG ZS EV | |
|---|---|---|
| Fortnightly Deduction | $457.62 | $438.38 |
| Annual Lease Cost | $11,898.00 | $11,398.00 |
| Annual Tax Saving | $3,807.36 | $3,647.36 |
| Annual GST Saving | $690.73 | $799.82 |
| FBT Cost/yr | $3,568.78 | $0 (exempt) |
| Net Annual Saving | $929.31 | $4,447.18 |
| 5-Year Total Saving | $4,646.53 | $22,235.89 |
Running Costs Comparison
| Cost | Toyota Corolla Cross Hybrid | MG ZS EV |
|---|---|---|
| Fuel/Charging | $1,600.00 | $650.00 |
| Insurance | $1,300.00 | $1,200.00 |
| Registration | $800.00 | $350.00 |
| Servicing | $600.00 | $400.00 |
| Total/yr | $4,300.00 | $2,600.00 |
Verdict
The MG ZS EV wins on novated lease value, saving $4,447.18 per year vs $929.31 for the Toyota Corolla Cross Hybrid. Over 5 years that is $22,235.89 in total savings. The FBT exemption is a major factor.
Related Pages
Frequently Asked Questions
Which is cheaper to novated lease — Toyota Corolla Cross Hybrid or MG ZS EV?
The MG ZS EV is cheaper to lease. On an $80K salary, the Toyota Corolla Cross Hybrid costs $457.62 fortnightly vs $438.38 for the MG ZS EV.
Which saves more on tax — Toyota Corolla Cross Hybrid or MG ZS EV?
The Toyota Corolla Cross Hybrid delivers higher tax savings because it has a higher annual lease deduction, reducing more of your taxable income.
Are both the Toyota Corolla Cross Hybrid and MG ZS EV FBT exempt?
The Toyota Corolla Cross Hybrid is not FBT exempt. The MG ZS EV is FBT exempt.
Which has lower running costs?
The MG ZS EV has lower annual running costs at $2,600.00/year vs $4,300.00/year.
Which car should I novated lease?
If budget is the priority, go with the MG ZS EV. Consider range (N/A vs 440 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.