The key benefit of a novated lease is that the payments are paid with your pre-tax income. This setup will generally result in significant tax savings and offer more flexibility, outweighing the interest paid on the lease. A traditional car loan is paid with your income after tax. Keen to see how the numbers stack up? Our novated lease calculator lets you test different options and find what fits your situation.

Choose a ‘basic’ novated lease and you will only need to cover the purchase price of your car. Or, opt for a ‘fully covered’ novated lease and your payment can cover the ongoing costs, including petrol or recharging, registration, insurance, tyres, servicing and more. Leaselab is more than happy to assist with a plan that best suits your financial situation and goals.

The residual value, or balloon payment, is the sum you will need to pay at the end of your novated lease term if you wish to own your vehicle at the end of your lease. This amount is set by the ATO (Australian Tax Office) and reflects the likely market value of your car.

Hyundai offers exceptional value in the novated lease market with competitive pricing, feature-rich models and strong resale performance. Their EVs, like the IONIQ series, also attract FBT exemptions, making them more tax-effective than similar petrol or diesel models from other manufacturers.

Yes! Used Hyundais can be leased if they meet eligibility requirements, such as being first registered after 1 July 2022 for FBT exemptions. It’s a great way to access late-model vehicles like a Kona or i30 at a lower cost while still taking advantage of tax benefits.

The Hyundai Santa Fe and Tucson are excellent family options. The Santa Fe offers three rows of seating, advanced safety features and ample cargo space, while the Tucson is a practical midsize SUV with smart tech and a more compact footprint, perfect for urban families or weekday commuters.

The Hyundai Kona is a small SUV with a boot space of around 374–544 litres and offers petrol, hybrid, and EV powertrain options. It’s best suited for urban driving and buyers looking for an electric option. On the other hand, the Hyundai Tucson is a midsize SUV with a larger boot capacity of roughly 539–620 litres, available in petrol, diesel, and hybrid variants. Thanks to its extra space and versatility, the Tucson is better suited for families and longer commutes.

The Kona is great for city driving and EV buyers, while the Tucson offers more space for families.

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Yes. The i30 hatch remains a popular novated lease choice for its compact size, low running costs and great standard features. It’s ideal for city commuters or as a second car. You can also bundle Hyundai’s low servicing costs into your lease for stress-free maintenance.

Hyundai often offers more advanced tech and interior features at a similar or lower price point than Toyota. Models like the Tucson and i30 include wireless Apple CarPlay, digital dash clusters and larger touchscreens as standard features that are sometimes optional in comparable Toyotas. Compare our entire selection of cars to find the right novated lease for you.

Hyundai hybrids like the Kona Hybrid and IONIQ models offer impressive fuel economy, often comparable to Toyota’s long-established hybrid range. While Toyota uses a parallel hybrid system, Hyundai opts for a slightly different tech stack, but both deliver real-world savings at the pump.