Hyundai Kona Electric Novated Lease
Calculate novated lease savings on the Hyundai Kona Electric ($45,500.00).
Last verified: 2025-07-01 | 2025-26 tax rates
Hyundai Kona Electric Novated Lease at a Glance
$45,500.00
EV
490 km
65.4 kWh
$0 (exempt)
$4,136.36
Hyundai Kona Electric Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $645.69 | $8,058.18 | $13,094.55 |
| $85,000.00 | $645.69 | $8,058.18 | $13,094.55 |
| $100,000.00 | $645.69 | $8,058.18 | $13,094.55 |
| $120,000.00 | $645.69 | $8,058.18 | $13,094.55 |
| $150,000.00 | $645.69 | $9,820.91 | $14,857.27 |
Hyundai Kona Electric Annual Running Costs
| Charging | $530.00 |
| Insurance | $1,200.00 |
| Registration | $800.00 |
| Servicing | $400.00 |
| Total per year | $2,930.00 |
Buying vs Novated Lease: Hyundai Kona Electric
Comparison for an $85,000 salary over 3 years:
Buying outright
$55,400.00
After-tax dollars
Novated lease
$50,363.64
Pre + post-tax mix
Is the Hyundai Kona Electric worth it on a novated lease?
The Hyundai Kona Electric 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 Kona Electric significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $45,500.00, you save $4,136.36 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $13,094.55 on an $85,000 salary.
With a 65.4 kWh battery and 490 km of range, the Hyundai Kona Electric handles daily commuting with ease. Annual charging costs are approximately $530.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a Hyundai Kona Electric novated lease cost?
On an $85,000 salary with a 3-year lease, the Hyundai Kona Electric ($45,500.00) costs approximately $645.69 per fortnight including running costs.
Is the Hyundai Kona Electric FBT exempt?
Yes, the Hyundai Kona Electric 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 Kona Electric novated lease?
On an $85,000 salary over 3 years, you can save approximately $13,094.55 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a Hyundai Kona Electric?
Annual running costs for the Hyundai Kona Electric are approximately $2,930.00, including charging ($530.00), insurance ($1,200.00), rego ($800.00), and servicing ($400.00).
What is the range of the Hyundai Kona Electric?
The Hyundai Kona Electric has a range of approximately 490 km on a full charge with a 65.4 kWh battery pack.
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