Hyundai i20 Novated Lease Calculator & Savings

Q: How much does a Hyundai i20 novated lease cost?

The cost of a Hyundai i20 novated lease depends on the vehicle price, lease term, interest rate and your personal tax situation. Using a novated lease calculator is the quickest way to estimate repayments and potential savings.

Q: Is the Hyundai i20 eligible for novated lease tax benefits in Australia?

Novated lease tax benefits (both GST and income tax) depend on current Australian tax rules and the vehicle's specifications. EVs and low-emission vehicles may offer additional advantages, which should be assessed based on your individual circumstances.

Q: Can I choose my own novated lease provider for a Hyundai i20?

In most cases, yes. Employees are often not required to use their employer's default provider and can choose an independent novated lease specialist to compare options.

Q: What Hyundai i20 variants can be novated leased?

Most Hyundai i20 variants available in Australia can be packaged through a novated lease, subject to lender and employer policies.

Q: Is a novated lease better than buying a Hyundai i20 outright?

For most employees, a novated lease can reduce the after-tax cost of owning a Hyundai i20 compared to purchasing outright. The best option depends on your income, usage (how many kms per year you'll drive the Hyundai i20) and long-term plans.

Use this Hyundai i20 novated lease calculator to quickly estimate your repayments, tax savings and running cost benefits in Australia. A novated lease can reduce your taxable income and GST for eligible vehicles like the i20 — giving you a realistic picture of cost vs buy-outright or traditional finance.

Calculate Your Hyundai i20 Novated Lease

Add your average annual kms, salary & pick a Hyundai i20 variant to get an instant result.

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Hyundai i20 novated lease calculator Australia

How a Novated Lease Works for the Hyundai i20

You save on income tax

Because the repayments are drawn from your pre-tax salary, that means you'll have a lower taxable income

You save on fleet discounts

You leverage the national BMW buying power of FinCar, which means you get the wholesale prices that you normally wouldn't get.

You save on GST

You pay no GST on the vehicle purchase price, fuel, service, registration, repair costs, and even insurance. You can save over 10 cents per litre on fuel each time you fill up. That's a $12 saving on a 60-litre tank.

A novated lease allows you to package the cost of your Hyundai i20 through your salary, using pre-tax income to cover repayments, running costs and GST. This can reduce your taxable income and improve cash flow compared to buying outright or using a standard car loan.

What’s included in your novated lease quote?

Fuel

Registration

Servicing

Roadside Assistance

Tyre Replacement

Insurance

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Hyundai i20 Novated Lease Savings Explained

The Hyundai i20 is well suited to a novated lease, particularly for drivers in higher tax brackets. Depending on the vehicle variant, your income and usage, a novated lease may reduce your overall ownership cost by packaging finance, servicing, registration and other running costs in one structure. You'll also save on GST as well as income tax.

Example Hyundai i20 Novated Lease Scenario

As an example, a Hyundai i20 novated lease over five years may include the vehicle purchase price, finance costs and eligible running expenses. Your actual savings will depend on your salary, tax bracket and selected lease term, but many drivers find the after-tax cost is lower than traditional financing options.

Save your next car purchase with a Hyundai i20 Variant and Novated Leasing

hyundai i20 Specifications

Description

Details

Features

Engine

Drive Train

Fuel

Dimensions

Towing Capacity

Description

hyundai i20 Description

The Hyundai i20 is a compact and stylish hatchback that offers a perfect blend of performance, comfort, and affordability, making it a popular choice among Australian drivers. With a starting price of around $17,000 for the base model, the i20 is an excellent value for money. Available in various model variants, including the entry-level Active, mid-range Elite, and top-of-the-line N Line, the i20 caters to a wide range of preferences and budgets. The Active variant comes equipped with essential features such as a touchscreen infotainment system, Apple CarPlay, Android Auto, and a suite of safety technology including forward collision warning and lane-keeping assist. The Elite model adds premium touches like leather-appointed seats, keyless entry, and a sunroof, while the sporty N Line variant offers a more dynamic driving experience with its turbocharged engine and sport-tuned suspension. On the road, the Hyundai i20 impresses with its smooth and responsive handling, making city driving a breeze while also providing a comfortable ride on longer journeys. With its modern design, fuel-efficient engines, and practical interior space, the i20 is a compelling choice for Australian drivers looking for a reliable and affordable hatchback.

Here’s what some of our customers had to say about Hyundai i20...

Hyundai i20 Novated Lease FAQs

How much does a Hyundai i20 novated lease cost?

Is the Hyundai i20 eligible for novated lease tax benefits in Australia?

Can I choose my own novated lease provider for a Hyundai i20?

What Hyundai i20 variants can be novated leased?

Is a novated lease better than buying a Hyundai i20 outright?

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Fincar has been offering novated car leases to Australians since 2008 and rather than just punch out the numbers like the big guys, we explain how it works, what the benefits are, the advantages and disadvantages and whether it’s worth it in your particular situation. So whether you’re just trying to find out what is a novated lease, or you’d have a specific question about ATO prescribed residual values, one of our friendly consultants can answer that straight away. And, if it looks like it’s going to work, we’ll get you the best novated lease interest rates from Australia’s top lenders.