Volvo EX30 vs MG 4 — Novated Lease Comparison
Side-by-side novated lease comparison of the Volvo EX30 and MG 4. Specs, costs, savings, and a clear winner.
Specs Comparison
| Spec | Volvo EX30 | MG 4 |
|---|---|---|
| Price | $49,990.00 | $38,990.00 |
| Type | EV | EV |
| Battery | 69 kWh | 64 kWh |
| Range | 476 km | 450 km |
| FBT Status | Exempt | Exempt |
Novated Lease Costs at $80K Salary
| Volvo EX30 | MG 4 | |
|---|---|---|
| Fortnightly Deduction | $507.62 | $394.15 |
| Annual Lease Cost | $13,198.00 | $10,248.00 |
| Annual Tax Saving | $4,223.36 | $3,279.36 |
| Annual GST Saving | $908.91 | $708.91 |
| FBT Cost/yr | $0 (exempt) | $0 (exempt) |
| Net Annual Saving | $5,132.27 | $3,988.27 |
| 5-Year Total Saving | $25,661.35 | $19,941.35 |
Running Costs Comparison
| Cost | Volvo EX30 | MG 4 |
|---|---|---|
| Fuel/Charging | $650.00 | $600.00 |
| Insurance | $1,600.00 | $1,100.00 |
| Registration | $350.00 | $350.00 |
| Servicing | $600.00 | $400.00 |
| Total/yr | $3,200.00 | $2,450.00 |
Verdict
The Volvo EX30 wins on novated lease value, saving $5,132.27 per year vs $3,988.27 for the MG 4. Over 5 years that is $25,661.35 in total savings. The FBT exemption is a major factor.
Related Pages
Frequently Asked Questions
Which is cheaper to novated lease — Volvo EX30 or MG 4?
The Volvo EX30 is cheaper to lease. On an $80K salary, the Volvo EX30 costs $507.62 fortnightly vs $394.15 for the MG 4.
Which saves more on tax — Volvo EX30 or MG 4?
The Volvo EX30 delivers higher tax savings because it has a higher annual lease deduction, reducing more of your taxable income.
Are both the Volvo EX30 and MG 4 FBT exempt?
The Volvo EX30 is FBT exempt. The MG 4 is FBT exempt.
Which has lower running costs?
The MG 4 has lower annual running costs at $2,450.00/year vs $3,200.00/year.
Which car should I novated lease?
If budget is the priority, go with the Volvo EX30. Consider range (476 km vs 450 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.