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Q: How could a novated lease help me save?

Your finance and running costs are bundled into one simple payment each pay. Meaning expenses for things such as fuel, maintenance, insurance and registration are already budgeted in your running costs. You don’t pay GST on these expenses, which means you pay less money on costs you’re already paying.

Q: Do I need to drive a lot?

No, you can drive as little or as much as you like. There’s no minimum km requirement with a novated lease.

Q: How is a novated lease paid for?

Smart makes deductions directly from your salary to pay your lease. The deductions continue until the lease ends, or you leave your employer.

Q: Is the car registered in my name?

Yes. A novated lease is just like purchasing a vehicle with a bank loan, so your car is registered to you, and is yours to drive as you choose.

Please complete the form and one of our consultants will contact you shortly. We look forward to helping you with a quote for this car.

$2,000 bonus#

Hyundai IONIQ 5

IONIQ 5 SUV 168kW 84kWh RWD

$2,000 bonus# with a Smart™ novated lease.

Offer ends 30 September 2026.

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FAQs

How could a novated lease help me save?

Do I need to drive a lot?

How is a novated lease paid for?

Is the car registered in my name?

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Important information

Before entering into any salary packaging or novated leasing arrangement, you should consider your objectives, financial situation and needs, and seek appropriate legal, financial or other professional advice based upon your own particular circumstances. The availability of benefits is determined by your employer. Conditions and fees apply. Smartsalary Pty Ltd, ABN 24 096 796 100, a Smart^TM company.

^ Fringe Benefits Tax (FBT) exemption available for eligible electric or hydrogen cell vehicles purchased through a novated lease up to the Luxury Car Tax limit ($91,387 in FY 2025-26). See the Australian Taxation Office website for full eligibility criteria.

# For purchases of KONA Electric SUV Extended Range 150kW Motor - FWD, KONA Electric SUV Standard Range 99kW Motor - FWD, KONA Electric Premium SUV Extended Range 150kW Motor - FWD, KONA Electric Premium + N Line Package SUV Extended Range 150kW Motor - FWD, ELEXIO SUV 160kW 88.1 kWh FWD, IONIQ 5 SUV 168kW 84kWh RWD through a Novated Lease, a $2,000 (incl. GST) Novated Lease bonus is available through any authorised Novated Lease channel. The offer applies to new stock vehicles purchased and delivered between 1st July 2026 and 30th September 2026, while stocks last. This bonus is in addition to all published retail driveaway and fleet bonuses for eligible vehicles. Not redeemable for cash and subject to availability and change.