Hyundai Novated Lease: Best Cars to Consider

Novated leasing has become a popular option for employees in Australia looking to lease a vehicle through their employer. It’s a cost-effective and tax-efficient way to drive a new car while offering flexibility in payments and options. 

This article explores the top Hyundai models for novated leasing and compares them to Nissan models, helping you decide on your next vehicle. If you're considering a novated lease, two of the best brands to look at are Hyundai and Nissan. We’ll discuss the best options from both brands and why they might be a perfect fit for you.

Understanding Novated Leasing

Before diving into the specifics of Hyundai and Nissan models, let's briefly review what a novated lease is and why it’s a smart option for Australians. A novated lease is an agreement between an employer, an employee, and a finance provider. It allows the employee to lease a car, with the payments coming directly from their pre-tax salary. This can result in tax savings and lower overall running costs for the employee.

The key advantage of novated leasing is that it’s flexible. You can choose the vehicle that suits your needs, and at the end of the lease term, you can either buy the car, trade it in for a new model, or walk away. This means you can control your vehicle while reaping the financial benefits.

Why Choose Hyundai for Your Novated Lease?

Hyundai has made a name for itself as a reliable and affordable car brand in Australia. Offering a wide range of vehicles, from compact cars to spacious SUVs, Hyundai's novated lease options are perfect for those looking for value without compromising on quality. Whether you're after a sleek city car, an efficient electric vehicle, or a versatile family SUV, Hyundai has something for everyone.

With fuel efficiency, low running costs, and modern features, Hyundai vehicles offer a strong return on investment when leased through a novated lease. Hyundai’s 5-year unlimited kilometre warranty also provides peace of mind for anyone who leases one of their cars.

Top Hyundai Models for Novated Leasing

Hyundai i30 Lease

The Hyundai i30 is one of Australia’s favourite compact cars and ideal for a novated lease. Known for its practicality, efficiency, and stylish design, the i30 is perfect for those who want an affordable, yet reliable vehicle. Whether commuting to work or embarking on weekend adventures, the i30 offers excellent fuel economy, making it a top choice for those looking to save on running costs.

Leasing a Hyundai i30 under a novated lease ensures you get a high-quality vehicle with a low monthly payment. Using a Hyundai novated lease calculator, you can estimate your payments and see how much you can save through salary packaging. For those who want a balance of affordability and performance, the i30 is hard to beat.

Hyundai Kona Electric Novated Lease

With increasing demand for electric vehicles, the Hyundai Kona Electric has quickly become one of the most popular options for novated leasing. The Kona Electric combines sustainability with practicality and offers an eco-friendly driving experience with zero emissions. It's the perfect option for someone who wants to switch to electric but still enjoys the reliability and performance that Hyundai provides.

The Kona Electric features advanced safety technology, an impressive range, and low operating costs, making it an excellent choice for anyone looking to lease an electric vehicle under a novated lease. The savings in fuel and maintenance over time could be significant, which is why many Australians are making the switch.

Leasing a Hyundai Tucson

For those who prefer a larger vehicle, the Hyundai Tucson is a top contender. This mid-sized SUV offers ample space, a comfortable ride, and a host of safety features, making it an excellent choice for families or anyone who needs extra room. The Tucson also has a powerful engine and excellent fuel efficiency, making it practical and economical for a novated lease.

Leasing a Hyundai Tucson under a novated lease means getting all the benefits of a larger vehicle without the hefty upfront costs. Plus, the flexible terms of a novated lease mean you can drive a brand-new Tucson for a low monthly payment that fits within your salary packaging.

Comparing Nissan and Hyundai Models for Novated Leasing

When deciding between a Nissan or Hyundai for your novated lease, both brands offer excellent options, but the choice comes down to personal preferences and specific needs.

Nissan Novated Lease Options

Nissan has long been a trusted brand in Australia, and it is known for its robust and reliable vehicles. The Nissan Leaf, for instance, is one of the leading electric vehicles, and the Nissan X-Trail offers exceptional family-friendly features. Nissan also provides the option of leasing more rugged models like the Nissan Navara, which is ideal for those who need a workhorse for a vehicle.

While Hyundai offers strong choices in both compact and SUV categories, Nissan brings a slightly more varied selection for those after a rugged utility vehicle or an electric vehicle.

Hyundai vs. Nissan: Factors to Consider

• Affordability: Both Hyundai and Nissan offer affordable leasing options. However, Hyundai tends to have a slight edge in terms of the overall cost of ownership, particularly with its smaller cars like the i30.

• Fuel Efficiency: Both brands provide highly fuel-efficient models, but Hyundai’s focus on hybrid and electric vehicles gives it an edge if you're looking for an eco-friendly option.

• Technology: Hyundai’s models come equipped with the latest tech features, including advanced infotainment and safety systems. However, Nissan’s higher-end models, like the Nissan X-Trail, offer great tech and luxury features.

• Variety: While both brands offer a range of vehicles, Nissan’s selection of electric and utility models, such as the Navara, may appeal to those looking for a more diverse set of options.

Using a Hyundai Novated Lease Calculator

A Hyundai novated lease calculator is one of the best tools for planning your novated lease. These calculators estimate your monthly lease payments, considering the lease term, car model, and residual value at the end of the lease.

For instance, if you’re considering a Hyundai i30 or a Hyundai Kona Electric, you can input various data into the calculator and get a clear picture of your lease payment. This helps you decide whether the monthly cost is manageable within your salary package.

Using a novated lease calculator ensures you stay within your budget while taking advantage of the tax benefits associated with novated leases.

Maximising Savings and Discounts

When opting for a Hyundai novated lease, there are several strategies you can use to maximise savings and take full advantage of available discounts. Here are some tips to ensure you get the most out of your Hyundai novated lease:

Negotiate the Lease Terms

Before committing to a novated lease, take the time to negotiate the lease terms with the dealership or finance provider. This includes negotiating the car's purchase price, the lease's length, and the interest rate. By securing a better deal on these terms, you can reduce the overall cost of your lease and maximise savings over the term.

Take Advantage of Special Promotions

Hyundai often runs promotional campaigns, offering discounts, cashback offers, or reduced interest rates on novated lease deals. Keeping an eye out for these promotions can lead to significant savings. Be sure to check for limited-time offers and seasonal deals, which may give you the opportunity to save more on your lease.

Choose a Lower-Mileage Lease

Choosing a lower-mileage lease can help reduce the overall cost if you don't plan to drive long distances. Hyundai novated leases typically offer flexibility in terms of mileage limits. You can lower your lease payments by accurately estimating your driving needs and selecting an appropriate kilometre limit.

Select a Fuel-Efficient Model

Fuel efficiency can significantly impact your overall running costs. Hyundai offers a variety of fuel-efficient vehicles, such as the Hyundai i30 and the Hyundai Kona Electric. Opting for a model with lower fuel consumption will reduce your fuel expenses over the life of the lease, making your monthly payments more manageable.

Bundle Your Lease with Other Services

Many finance providers offer packages that bundle additional services, such as vehicle maintenance, insurance, and roadside assistance, into the lease agreement. While this may increase your monthly payments, bundling these services can save you money in the long term, as it often comes with discounted rates.

Explore Loyalty Discounts

If you're an existing Hyundai customer or have previously leased a Hyundai vehicle, be sure to ask about loyalty discounts. Many car manufacturers, including Hyundai, offer special deals for repeat customers, which can further reduce your lease payments or provide additional perks.

Use a Novated Lease Calculator

One of the best ways to maximise savings is using a Hyundai novated lease calculator. This tool helps you estimate the potential savings, monthly payments, and total cost of leasing a Hyundai. You can find the most cost-effective option for your needs by comparing different models and lease terms.

Consult with Your Employer

Lastly, consult with your employer or HR department about any additional savings opportunities available through the company’s novated lease scheme. Some employers have preferred leasing providers that offer special discounts or more attractive terms for their employees.

What to Look for in a Hyundai Car Lease

When leasing a Hyundai car through a novated lease, there are a few important factors to keep in mind to ensure you’re getting the best deal:

• Lease Term: The typical lease term ranges from 24 to 60 months, depending on your needs. Longer terms can reduce your monthly payment, but it also means you’ll be paying off the car for longer.

• Residual Value: At the end of the lease, you can purchase the car for its residual value, which is determined at the beginning of the lease. Understanding this amount is key to deciding whether leasing is the right option for you.

• Maintenance and Running Costs: Some novated leases include maintenance and servicing costs, while others leave you responsible for these. Make sure you know what’s included before you sign a contract.

• Flexibility: Check the terms of the lease for flexibility. Can you switch vehicles at the end of the term? Can you extend the lease or purchase the car outright? Understanding the flexibility of your lease is vital.

Conclusion

Both Hyundai and Nissan offer excellent novated lease options, with various models to suit different needs and budgets. Whether you choose the affordable and practical Hyundai i30, the eco-friendly Hyundai Kona Electric, or the spacious and family-friendly Hyundai Tucson, a novated lease allows you to enjoy a new car while managing costs effectively.

Nissan also offers strong competition with the Leaf and rugged options like the Navara. Ultimately, the decision will come down to your preferences, driving needs, and budget.

If you're ready to explore the benefits of a novated lease, contact Novated Finance Australia today. Our expert team can help you find the perfect Hyundai or Nissan vehicle to suit your needs. With flexible terms and competitive rates, we make the process easy and affordable. Contact us today to start your novated lease journey today!

FAQs

• 1. What is a novated lease, and how does it work?

  A novated lease is a three-way agreement between you, your employer, and a finance company. It allows you to lease a vehicle using pre-tax income, with your employer making the payments on your behalf from your salary. This arrangement can reduce your taxable income, potentially lowering your tax burden.

• 2. Can I lease a used Hyundai or Nissan vehicle with a novated lease?

  While novated leases are commonly used for new cars, you can also lease a used Hyundai or Nissan vehicle, provided the car meets the lender's criteria. Typically, used cars should not be more than 5 years old, and the lease terms must meet specific conditions the finance company sets.

• 3. What factors should I consider when choosing between a Nissan and a Hyundai for a novated lease?

  When selecting between a Nissan and a Hyundai, consider factors such as the vehicle's fuel efficiency, reliability, model features, and overall cost of leasing. You should also consider your personal preferences, like size, comfort, and driving experience.

• 4. How does the Hyundai i30 compare to the Nissan Leaf for a novated lease?

  The Hyundai i30 is popular for its practicality, affordability, and fuel efficiency, making it ideal for those who want a reliable car. The Nissan Leaf, being an electric vehicle, offers eco-friendliness and lower running costs. Your choice depends on whether you prefer a traditional petrol engine or an electric option.

• 5. Can I use a novated lease for a business vehicle, or is it only for personal use?

  A novated lease is typically for personal use, though some individuals may choose to lease a vehicle for work-related purposes. However, the vehicle must primarily be used for personal travel, and any business-related expenses should be handled separately. For business vehicles, consider other financing options.