The most notable benefit of a Kia novated lease is the money you’ll save. Here are the main advantages: 

• Pay using your pre-tax income: Through salary sacrificing your car’s cost, you can reduce your taxable income. 
• Maximise your savings: 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.
• Avoid paying GST: You’ll avoid paying GST on the purchase price and its running costs 
• Enjoy additional savings with FBT reductions: If you purchase an eligible electric model, there are savings to be had with Fringe Benefit Tax (FBT) reductions. 

No, they’re very different. A novated lease is not the same as a traditional car loan. Here are the main differences: 

• Car loans are paid with post-tax income, meaning you pay tax first, then make your repayments.
• Novated leases are paid with pre-tax income, so lease payments are deducted before tax, reducing your taxable income.
• Lower taxable income can mean significant tax savings, which often outweigh the interest costs of the lease.‍
• More flexibility and value, with bundled running costs and potential savings that a standard car loan doesn’t offer.

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 Hyundai are closely matched for quality because they share platforms, tech, and long warranties. Often, the deciding factor is value, rather than build. Kia typically edges ahead on novated leases thanks to slightly more affordable pricing and lower weekly costs, while Hyundai leans slightly more premium in ride and finish.  

On a novated lease, the small weekly differences are marginal but could add up. The Kia Sorento starts from $230 per week, while the Hyundai Santa Fe is priced higher at around $243 per week.

Both brands make reliable, well-priced cars, but the best choice depends on what you prioritise. 

Kia often offers more features for the money, longer warranties and stronger novated lease value. On the other hand, Honda tends to deliver refined driving dynamics and will be easier to sell one day. 

• If you’re focused on ongoing value, lower lease costs and tech-packed trims, Kia is usually the more practical choice for a novated lease. 
• If you care most about driving feel and long-term reliability, Honda is worth considering.

In a real-world example, a Kia Sportage SX HEV (from $262/ per week)  is typically cheaper on a novated lease compared to the Honda CR-V Hybrid (from $315/ per week)

This example is based on a salary of $90,000 before tax, driving 15,000 km per year and a lease length of 5 years

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.