Whether you’re eyeing a used Hyundai or a premium mid-size SUV, like the Tucson Elite, a Hyundai novated lease can be a simple way to upgrade into a reliable, efficient Hyundai through your salary.
A novated lease uses a combination of pre-tax and post-tax salary deductions to cover your car’s running costs and lease payments. This helps to unlock tax benefits, reduce your taxable income, and potentially save you money over the lease term compared to a traditional car loan.
Our Hyundai novated lease calculator estimates how much lower your weekly car payments are with a novated lease compared to a traditional car loan.
Novated Leasing not only gives you a brand new car at a fantastic purchase price, but it also allows you to include many of the running costs in your pre-tax income.
A Hyundai novated lease is not just a way to get a vehicle; it is a straightforward process and a three-way finance arrangement between you, your employer, and the financier.
The salary sacrifice setup provides a significant advantage, allowing you to reduce upfront GST costs and access potential tax savings through pre-tax payments, subject to eligibility. You can also bundle your servicing, insurance, fuel, and other related expenses into one convenient regular payment, which may result in tax savings depending on your circumstances.
Explore popular Hyundai models available through novated leasing, with estimated weekly pricing to help you manage your budget. We can source a range of new and used vehicles (subject to age limits) to help you find your next car.
From $235/week
A premium mid-size SUV offering leather-appointed comfort and advanced safety, perfect for everyday family driving.
As a leading automotive brand in Australia, the Hyundai range is perfectly suited for novated leasing, offering a blend of modern technology, safety, and comfort.
When you select a Hyundai novated lease agreement, potential benefits include:
Select the model from the Hyundai range that suits your lifestyle and budget.
We assist with the finance application, credit approval, and lease documentation.
Your employer signs the agreement, and payments begin from your pre-tax salary.
Across Australia, more drivers are discovering the possible tax benefits of switching to a Hyundai novated lease to save thousands and make driving a new vehicle more affordable.
See how a novated lease could work for you over a five year term or alternative lease term. While the following assumptions provide a general overview only, making financial decisions requires a look at your personal circumstances. This is not a substitute for professional financial, legal, or taxation advice. Contact our team today to explore potential other benefits or request a tailored quote based on your individual income.
It is a salary packaging arrangement where an employee leases a car, and the employer takes over the lease payment obligations from the employee’s salary via a combination of pre-tax and post-tax funds.
Salary Packaging Australia’s novated leases operate under an Australian Credit Licence. All finance is subject to approved applicants.
Yes, absolutely. Hyundai is a popular choice for a novated lease due to reliable performance, low running costs, and strong long-term value.
Eligible electric car and low emissions vehicle options, including the Hyundai Ioniq range, may qualify for incentives under the federal government electric car scheme. These vehicles may also benefit from an electric vehicle (EV) discount, including potential exemptions from fringe benefits tax, helping improve outcomes compared to a standard car loan or traditional car loan.
This can help unlock potential tax benefits, reduce taxable income, and improve cost outcomes across your novated lease term, while helping manage car payments and running costs.
During the active lease term, the finance company holds vehicle ownership and a security interest in the asset, while you retain exclusive personal use of the novated lease vehicle. When your novated lease term comes to an end, you can make your own financial decisions about what comes next. You have the choice to purchase the vehicle outright by paying the remaining residual value, extend the agreement for an additional lease term, or trade it in for a new car.
Yes, absolutely. You can package home and public charging costs, including installation fees, into your novated lease. These are paid through your pre-tax salary, which may reduce your taxable income and simplify ongoing electric vehicle running costs.
If an employee leaves their current job, the agreement is simply de-novated. However, a Hyundai novated lease is highly portable. The paperwork and lease payment obligations can usually be seamlessly transferred over to your new employer, allowing you to keep making potential tax savings on your car payments. If your next employer doesn’t offer salary packaging, you can transition the lease to a personal obligation using your post-tax funds until you decide on your next steps.
In many cases, a Hyundai novated lease may fall within the luxury car tax threshold, depending on the specific model and its vehicle price. This can help support potential tax benefits and may contribute to potential tax savings when compared to a standard car loan.
* This calculator contains general information and does not necessarily take all of your personal circumstances into account. Salary Packaging Australia encourages you to seek professional, independent tax or financial advice and to consider whether this information is right for you before making a decision. The availability of any packaging benefit is subject to your employer’s approval and compliance with the Australian Income Tax Assessment Act (1997). The Australian Taxation Office can provide advice on compliance.
All benefit examples based on a 60-months term driving 15,000 km per annum on a $85,000 annual salary. Prices excluding GST under novated lease and images are for display purposes only. Vehicles subject to availability. Pricing is based upon supply of motor vehicle in South-east QLD. Vehicle pricing may be subject to change without notice. Pricing may vary depending on the exact location and State of purchase and are based on PAYG income tax rates as at 01/07/2026.
The salary packaging of motor vehicles works for you by substituting a taxable benefit with a non-taxable benefit. The above cost figures represent the estimated impact on your take home pay taking into account those tax benefits based on the assumptions outlined. You should obtain independent financial advice taking into account your personal circumstances before you rely on these figures. Salary Packaging Australia Pty Ltd ABN 53 009 643 485.
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