Hyundai Ioniq 6 Novated Lease
Calculate novated lease savings on the Hyundai Ioniq 6 ($56,900.00).
Last verified: 2025-07-01 | 2025-26 tax rates
Hyundai Ioniq 6 Novated Lease at a Glance
$56,900.00
EV
614 km
77.4 kWh
$0 (exempt)
$5,172.73
Hyundai Ioniq 6 Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $778.55 | $9,716.36 | $15,789.09 |
| $85,000.00 | $778.55 | $9,716.36 | $15,789.09 |
| $100,000.00 | $778.55 | $9,716.36 | $15,789.09 |
| $120,000.00 | $778.55 | $9,716.36 | $15,789.09 |
| $150,000.00 | $778.55 | $11,841.82 | $17,914.55 |
Hyundai Ioniq 6 Annual Running Costs
| Charging | $550.00 |
| Insurance | $1,400.00 |
| Registration | $800.00 |
| Servicing | $400.00 |
| Total per year | $3,150.00 |
Buying vs Novated Lease: Hyundai Ioniq 6
Comparison for an $85,000 salary over 3 years:
Buying outright
$66,800.00
After-tax dollars
Novated lease
$60,727.27
Pre + post-tax mix
Is the Hyundai Ioniq 6 worth it on a novated lease?
The Hyundai Ioniq 6 is one of Australia's most popular electric vehicles and makes an excellent choice for novated leasing. As an EV priced under $91,387, it qualifies for the FBT exemption, meaning you pay $0 in Fringe Benefits Tax. This makes the Hyundai Ioniq 6 significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $56,900.00, you save $5,172.73 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $15,789.09 on an $85,000 salary.
With a 77.4 kWh battery and 614 km of range, the Hyundai Ioniq 6 handles daily commuting with ease. Annual charging costs are approximately $550.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a Hyundai Ioniq 6 novated lease cost?
On an $85,000 salary with a 3-year lease, the Hyundai Ioniq 6 ($56,900.00) costs approximately $778.55 per fortnight including running costs.
Is the Hyundai Ioniq 6 FBT exempt?
Yes, the Hyundai Ioniq 6 is FBT exempt as it is an electric vehicle priced under $91,387. You pay $0 FBT on a novated lease until March 2027.
How much can I save on a Hyundai Ioniq 6 novated lease?
On an $85,000 salary over 3 years, you can save approximately $15,789.09 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a Hyundai Ioniq 6?
Annual running costs for the Hyundai Ioniq 6 are approximately $3,150.00, including charging ($550.00), insurance ($1,400.00), rego ($800.00), and servicing ($400.00).
What is the range of the Hyundai Ioniq 6?
The Hyundai Ioniq 6 has a range of approximately 614 km on a full charge with a 77.4 kWh battery pack.
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