The most notable benefit of a Kia novated lease is the money you’ll save. With a Kia novated lease, your repayments are made using your pre-tax income, much like salary sacrificing, which in turn reduces your taxable income. You can choose to bundle your running costs, like fuel, charging, rego, insurance and servicing, into your regular repayment, reducing your taxable income even further.

You’ll avoid paying GST on the purchase price and its running costs, and if you purchase a hybrid or electric model, there are savings to be had with Fringe Benefit Tax (FBT) reductions as well.

Not at all, these are very different solutions. A car loan is repaid with your post-tax income, meaning you pay tax on your earnings before making loan payments. In contrast, a novated lease for a Kia is paid with your pre-tax income, which means your lease payments come out before taxes are deducted, thereby lowering your taxable income.

This setup usually results in significant tax savings, often outweighing the interest paid on the lease. With a Kia novated lease, you can enjoy greater financial benefits - and more flexibility - compared to a traditional car loan.

Fringe Benefits Tax (FBT) is applied to benefits you receive from your employer for personal use, such as a car. If your employer covers costs for your personal life, it can create an FBT liability for them. With novated leases, FBT can also be a factor, but we address this by combining your pre-tax and post-tax salary contributions.

This post-tax portion is known as an “employee contribution,” which helps offset the FBT liability. At LeaseLab, we tailor the employee contribution to your unique situation to ensure compliance while maximising your tax benefits.

Savings vary, but you’ll typically enjoy lower taxable income, GST savings on the car and running costs, plus simple bundled payments. It’s a great way to keep more cash in your pocket. You can check out how much payments might be using our novated lease calculator, but for more tailored savings, we’d be happy to help work out for you.

When your lease ends, you’ve got choices! You can buy the car, swap it for a newer Kia or hand it back. It’s all about what suits your financial situation. We’ll give you a heads up when the time is coming, with absolutely no pressure to decide right away.

Novated leases usually last 2-5 years, perfect if you like changing cars regularly. If you want to keep a car for ages, buying one might be better. But if you love driving new Kia models (or looking to make the switch to electric!) and want hassle-free costs, leasing could still be a great fit.

Kia and Toyota are both reliable choices. Kia’s come a long way and now offers a 7-year warranty that matches Toyota’s strong reputation for durability and low maintenance. You really can’t go wrong with either. Both brands are dependable cars that’ll keep running smoothly.

Kia usually offers better value with lower starting prices and plenty of features included as standard. You often get more tech and comfort for your money compared to Toyota, perfect if you want extra bang for your buck without stretching your budget.

Both brands have fuel-efficient options, especially in hybrids and compacts. Toyota’s hybrid tech is ahead, but Kia’s latest hybrids and electric models are catching up fast, giving you plenty of smart, eco-friendly choices to save on fuel.

Definitely! Kia’s roomy SUVs, like the Sorento and Carnival, offer plenty of space and family-friendly features. They’re strong competitors to Toyota’s Highlander and Kluger, making them great picks for families who want comfort and style on the road.