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Hyundai Ioniq 5

Hyundai Ioniq 5 novated lease

Retro-futuristic looks, ultra-fast charging and a roomy cabin. A polished pick that still slips under the FBT threshold in most grades. A novated lease lets you pay for it, and its running costs, from your pre-tax salary. Build your Hyundai Ioniq 5 quote below and see the real weekly cost with every fee shown.

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Why novated-lease a Hyundai Ioniq 5?

An electric SUV, from around $70,000 drive-away. On a novated lease the numbers get better again, because the payments and the running costs come out of your salary before tax.

  • Paid from pre-tax salary, which lowers your taxable income
  • Charging, insurance, rego, servicing and tyres bundled into one payment
  • You save the GST on the purchase price as well

Is the Hyundai Ioniq 5 FBT exempt?

Yes, in the normal case. The Hyundai Ioniq 5 is battery-electric, so as long as its drive-away price is at or under $91,661 (the 2026-27 fuel-efficient luxury car tax threshold) it is FBT exempt on a novated lease. That is what makes an EV the strongest novated lease going: the whole package comes out of pre-tax salary with no FBT to pay.

An honest note: FBT exempt means no fringe benefits tax is payable, but the benefit is still reported on your income statement. That reported amount can affect income-tested things like HECS or HELP repayments, the Medicare levy surcharge, and family payments. Our calculator and team will always show you the full picture.

What it costs, with nothing hidden

Most providers quote a weekly figure and keep the fees and the real interest rate out of sight. We do the opposite: one flat $1,500 fee, the true effective rate shown plainly, and the Hyundai Ioniq 5’s drive-away price built to your state. The calculator gives you your number, not a national average.

Common questions

Is the Hyundai Ioniq 5 a good car to novate?
Very likely. A battery EV like the Hyundai Ioniq 5 is FBT exempt under $91,661, and with the GST saving and pre-tax running costs on top, an EV is usually the strongest novated lease you can get. The calculator shows exactly what it saves you.
How much is a Hyundai Ioniq 5 novated lease per week?
It depends on your salary, your state and how far you drive, so we do not quote a made-up figure. Put the Hyundai Ioniq 5 into the calculator and it shows your real weekly cost, what you save, and every fee.
Can I novate a Hyundai Ioniq 5 if my employer is not set up?
Usually yes. Novated leasing is a standard salary-packaging arrangement and most employers can add it. If yours has not offered it, we can help you raise it with payroll. See for employers.

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