Hyundai Novated Lease
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Discover Exceptional Quality & Reliability with a Hyundai Novated Lease
Hyundai, meaning ‘modern times’, was founded in 1946 in Seoul, Korea. This name has since encapsulated the hard work and passion for progress that powers this Korean-based automotive company.
Today, the current range is diverse and seriously competitive, from the city-based i10 to the Tucson and Santa Fe SUVs. Whether you want the adventure that the Santa Fe provides or the sporty sleek i30, a Hyundai novated lease is a cost-effective way to finance your new vehicle.
Full Throttle Savings with a Hyundai Novated Lease
Hyandai novated leases at Leaselab are easy. Once you choose a car you love, payments can be made directly from your pre-tax salary through salary sacrificing. With more money in your pocket, you can get behind the wheel of your Hyundai without needing to buy it outright or take out a traditional car loan. With a ‘fully-maintained’ novated lease, you can even bundle your car’s registration, fuel, insurance and servicing with your payment plan. Enjoy GST savings and reduced costs with simple monthly payments that work for you.
Do you want to live greener? You may be able to access additional savings through the federal government’s fringe benefits tax (FBT) exemption for zero and low-emission vehicles for the electric Hyundai models. Use our Hyundai novated lease calculator to estimate the potential savings on your new car with Leaselab.
Hyundai Novated Leases with Leaselab that Make it Easier to Manage Your Money
Our Hyundai tried and tested novated lease plans make it simpler for you in the long term. We’ll work with you to create a transparent payment plan based on your lifestyle and personal goals. With our Hyundai novated leases, we’ll secure discounts on both your vehicle and running costs to save you money for the length of your lease.
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FAQs
Is a Hyundai novated lease the same as a car loan?
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.
What is included in a Hyundai novated lease salary package?
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.
What is the Hyundai novated lease residual value?
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.
Do I qualify for a new Hyundai novated lease?
To qualify for a novated lease, you need to be fully employed as a full-time or part-time employee and pay tax.
However, there may be some restrictions. A lease agreement is between you, your employer and the novated lease provider – therefore, you need to ensure your employer offers salary packaging. Some companies may also require you to have completed your probation period.
The benefits of novating
Reduce your tax bill using pre-tax income
Fleet pricing on a range of cars
Include running costs in one easy payment
No bill shock with smooth payments
Avoid GST on the vehicle and running costs
Flexible plans and end of lease options