Kia Niro EV Novated Lease
Calculate novated lease savings on the Kia Niro EV ($49,990.00).
Last verified: 2025-07-01 | 2025-26 tax rates
Kia Niro EV Novated Lease at a Glance
$49,990.00
EV
460 km
64.8 kWh
$0 (exempt)
$4,544.55
Kia Niro EV Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $698.02 | $8,711.27 | $14,155.82 |
| $85,000.00 | $698.02 | $8,711.27 | $14,155.82 |
| $100,000.00 | $698.02 | $8,711.27 | $14,155.82 |
| $120,000.00 | $698.02 | $8,711.27 | $14,155.82 |
| $150,000.00 | $698.02 | $10,616.86 | $16,061.41 |
Kia Niro EV Annual Running Costs
| Charging | $540.00 |
| Insurance | $1,200.00 |
| Registration | $800.00 |
| Servicing | $400.00 |
| Total per year | $2,940.00 |
Buying vs Novated Lease: Kia Niro EV
Comparison for an $85,000 salary over 3 years:
Buying outright
$59,890.00
After-tax dollars
Novated lease
$54,445.45
Pre + post-tax mix
Is the Kia Niro EV worth it on a novated lease?
The Kia Niro EV 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 Kia Niro EV significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $49,990.00, you save $4,544.55 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $14,155.82 on an $85,000 salary.
With a 64.8 kWh battery and 460 km of range, the Kia Niro EV handles daily commuting with ease. Annual charging costs are approximately $540.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a Kia Niro EV novated lease cost?
On an $85,000 salary with a 3-year lease, the Kia Niro EV ($49,990.00) costs approximately $698.02 per fortnight including running costs.
Is the Kia Niro EV FBT exempt?
Yes, the Kia Niro EV 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 Kia Niro EV novated lease?
On an $85,000 salary over 3 years, you can save approximately $14,155.82 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a Kia Niro EV?
Annual running costs for the Kia Niro EV are approximately $2,940.00, including charging ($540.00), insurance ($1,200.00), rego ($800.00), and servicing ($400.00).
What is the range of the Kia Niro EV?
The Kia Niro EV has a range of approximately 460 km on a full charge with a 64.8 kWh battery pack.
Calculate Your Exact Savings
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