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Wangara Hyundai

Novated Lease.

Drive the Hyundai of your dreams while making potential tax savings along the way.

Join 350,000 Australians
with a novated lease.

A novated lease isn’t just for big corporates — more and more people are
discovering the potential benefits of a novated lease. Especially when it comes
to getting into our most popular EVs.

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How does it work?

A novated lease is more than just a way to finance your next car. It allows almost any employee with a salary to unlock potential tax benefits. Ordinarily, tax is taken out of your salary before you get paid — but through a novated lease, you can pay for your car and other related expenses before you pay tax. And by doing that, you could end up paying less income tax.

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Potential other benefits include:

— No upfront GST is payable on the cost of your new car

 

— No upfront deposit required

 

— Choose a lease term from 1-5 years

 

— Bundle your car payments and running costs into one

 

— Potential to reduce your taxable income and save on income tax

 

— You could save thousands in tax with the Federal Government Electric Car (EV) Discount

 

— A straight-forward process through our novated leasing partner Oly

Comparison table.

Let’s crunch the numbers. The table below compares the differences between a traditional car loan
and a novated lease for a person on a $90,000 salary, travelling 15,000 kilometres annually across a five-year term.

 

Car Loan1Novated Lease2
Vehicle driveaway price3$59,076$59,076
Upfront GST payable on vehicle price$0$5,127
Weekly finance repayment (car loan) or lease payment
(novated leasing) including interest4 and fees5		$391$369
Weekly tax & GST payable on running costs$0$136
Net cost per week6$391$229
Estimate of total difference over 5 years7$101,670$76,353

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