Hyundai and Oly go together like road trips and playlists: perfectly in sync!

^ Important information

^ Displayed price is only available through a novated lease administered by Oly. Estimated costs have been determined based on the following assumptions:

1) The example assumes that the EV is an eligible zero or low emissions vehicle,
2) The lease is an Oly fully maintained lease,
3) A 5-year lease term,
4) A residual value of 28.13% of the vehicle purchase price payable at the end of term,
5) Gross annual salary of $90,000,
6) An annual distance travelled of 15,000kms,
7) The value of the EV at the first retail sale was below the luxury car tax threshold of $91,387 for fuel efficient vehicles,
8) The EV is first held and used on or after 1 July 2022, and
9) Both vehicles are purchased in NSW. Additionally, the estimated annual operating costs includes estimates of fuel/electricity, maintenance, four replacement tyres, registration, CTP and comprehensive insurance, roadside assistance, and fleet management fee have been calculated on a GST exclusive basis, on the assumption that your employer will be entitled to GST input tax credits and that they will pass on the benefit to you. GST is payable on your ECM contributions. State Stamp Duty rates apply. PAYG tax rates effective 1 July 2024 have been used. The indicative price quoted for the novated lease is based on vehicle quotations received on 1 June 2024 and does not include any optional extras. Any optional extras that you choose will affect the cost of the novated lease and residual value. The novated lease offer is based on the assumptions outlined above and is an indicative cost approximation of the selected vehicle and model stated and the amounts may change at the time the novated lease quotation is completed and finalised. Your individual circumstances have not been taken into account as this will affect the overall weekly cost amount and the benefits of a novated lease. Savings shown are indicative and reflect estimated tax savings over the full-term of the lease. The total amount saved is a comparison between the costs of a novated lease with an EV and the costs of a novated lease with a petrol car. Actual savings will depend on your personal circumstances and may vary depending on the vehicle model and price. Oly recommends that you seek independent financial and taxation advice.

Hyundai cashback terms and conditions

_{1. Employees of a company utilising the Novated Lease/Salary packaging services of one of the McMillan Shakespeare Group of Companies (Maxxia, Interleasing, Remserv or Oly) (MMS) settling a Vehicle Novated Lease Purchasing contract (Consumers) are eligible for a cashback redemption offer from Hyundai Motor Company Australia (Hyundai) for selected Hyundai new stock vehicles which are purchased AND delivered in the Consumer’s own name between the dates of 1st October 2024 and 31st December 2024 or while eligible stock’s last (Promotional Period) in accordance with these Terms and Conditions (Redemption Offer). The cashback redemption amount applicable to each eligible vehicle is:}

_{a. Eligible inventory (as confirmed by Hyundai Franchised Dealer) for models;}

_{CE.V1 IONIQ 6 Dynamiq = $2,500 inc GST
SX2.V1 KONA EV (all variants) = $2,500 inc GST
NE.V4 IONIQ 5 (all variants) = $2,500 inc GST}

_{b. Eligible inventory (as confirmed by Hyundai Franchised Dealer) for models;}

_{CE.V1 IONIQ 6 Techniq = $5,000 inc GST
NEN.V1 IONIQ 5 N (all variants) = $5,000 inc GST}

_{c. Eligible inventory (as confirmed by Hyundai Franchised Dealer) for model;}

_{CE.V1 IONIQ 6 Epiq = $7,500 inc GST}

_{Offer Details Free 4-year service plan: The Service Plan (value below) covers the standard items in each Scheduled Maintenance Service as published in the eligible vehicle’s Service Passport, under the 4-year Service Plan that is included with this offer. The standard items in each Scheduled Maintenance Service are: (a) labour; (b) parts; (c) lubricants; and (d) sundries such as oil and waste recycling and/or removal, workshop supplies etc.}

_{(amounts include GST)}

_{SX2 Kona EV - $1,040
Ioniq 5 (NE.V4) - $1,785
Ioniq 5 (NE.V5) - $1,220
Ioniq 5 N - $1,250
Ioniq 6 - $1,190}

_{Offer details free charger: Available at participating Hyundai dealers for Hyundai electric new vehicles (excluding Mighty Electric trucks) purchased and delivered between 1st October 2024 and 31st December 2024. While stocks last. Wall charger is a Autel Maxicharger Wall box Type 2 (22kW). Offer excludes installation and installation costs, which are the responsibility of the customer. For full details of charger see .}

_{*** OR ***}

_{Offer details voucher: Available at participating Hyundai dealers for Hyundai electric new vehicles (excluding Mighty Electric trucks) purchased and delivered between1st October 2024 and 31st December 2024. While stocks last. Charging voucher value will be added to customer’s Evie network account (which must be set up by the customer). Voucher may be used at Evie public charging stations set up in Australia. Voucher valid for 24 months from the date of voucher issue. Offer subject to the Evie Terms of Service & Privacy Policy. To find out more about Evie visit http://www.evie.com.au. The Evie App is compatible with Android and iOS. Minimum platform requirements apply.}

_{2. The Redemption Offer applies to new Hyundai vehicles purchased from an authorised Hyundai Dealer by an individual consumer, through a Novated Lease product via an MMS company ONLY. All other buyers and RDA types, including, private, ABN holders, other fleet buyers, government authorities and agencies or persons acquiring vehicles for business or commercial purposes, and hail-damaged vehicles, are excluded from the Redemption Offer.}

_{3.The Redemption Offer can only be redeemed once per vehicle purchase, cannot be combined with any other offer or promotion and is not transferable to any other person.}

_{4. Hyundai will not be responsible for any redemption claims that are lost during transmission or are illegible when received by Hyundai. Incomprehensible and illegible redemption claims, and accompanying documents will be deemed invalid and the consumer will be notified.}

_{5. The redemption claim must be received by Hyundai within 3 months of the date of delivery of the vehicle. Hyundai will not accept any claims or pay any Redemption Offer if the redemption claim is received by Hyundai greater than 3 months after the date of delivery of the vehicle.}

_{6. The consumer must be an employee of a company that offers a Novated Lease employee purchasing scheme through one of the McMillan Shakespeare group of companies – Maxxia, Interleasing, Remserv or Oly.}

_{7. The vehicle purchase will be reconciled with a settlements list as provided by MMS, on a weekly basis.}

_{8. The consumer must submit the following information with their cash back redemption application: copy of signed dealer sales contract, copy of the vehicle registration certificate, copy of MMS settlement letter and copy of driver’s licence.}

_{9. Upon verification of identity, confirmation of vehicle purchase, validation of MMS Novated Lease purchase and registration of vehicle in claimant’s name, Hyundai will process the redemption claim and send the consumer payment via EFT (only) for the amount of the Redemption Offer.}

_{10. Hyundai reserves all rights to refuse or reject any claims for the Redemption Offer if Hyundai determines or is of the reasonable opinion that the claimant does not meet or comply with these Terms and Conditions.}

_{11. Consumers under the age of 18 must obtain the written permission of a parent or guardian over the age of 18 to make a claim under this Redemption Offer.}

_{12. Hyundai reserves the right to request consumers to provide Hyundai with any additional proof of identity, proof of purchase of a vehicle or other evidence Hyundai reasonably requires establishing the validity of the claimant’s Redemption Offer claim, and to reject any claim for the Redemption Offer if the claimant is unable to satisfy any such requests.}

_{13. Hyundai reserves the right to reject any claims if Hyundai has reasonable grounds to suspect that the claimant has tampered with the claims process, a claimant submits a claim that is not in accordance with these Terms and Conditions or the claimant has, in the reasonable opinion of Hyundai, engaged in conduct in making the claim which is fraudulent, misleading, deceptive or generally damaging to the goodwill or reputation of Hyundai.}

_{14. The Redemption Offer or the legal or beneficial interest in the Redemption Offer cannot be transferred or assigned and cannot be redeemed for anything other than payment by cheque made payable by Hyundai to the consumer which can take up to 8 weeks to process and deliver.}

_{15. Hyundai reserves the right in its sole and absolute discretion and at any time (including during the Promotional Period) to cancel, suspend, terminate, amend or modify this Redemption Offer and these Terms and Conditions in any way (including but not limited to changing the eligible vehicles and the amount of the applicable Redemption Offer).}

_{16. “Hyundai” means Hyundai Motor Company Australia Pty Limited, (ABN: 58 008 995 588) of Cnr of 394 Lane Cove Road & Hyundai Drive Macquarie Park, NSW 2113. Any personal information collected by Hyundai will be handled in accordance with its privacy policy which can be accessed at this link: https://www.hyundai.com/au/en/privacy.}

_{To redeem the cashback redemption, offer please visit: https://www.hyundai.com/au/en/myhyundai-sign-in.}

_{Please provide the below details:}

_{Customer Details, Program Name (MMS Partnership Offer), First Name, Last Name, Email, Phone Number, Address, Customer Bank Details, Bank Name, BSB, Account Number, Account Name, Vehicle Details, VIN, Registration Number, Registration Date, Dealership Name, Model, DSN, Redemption Amount, Copy of MMS Settlement Letter, Copy of Vehicle Sales Contract, Copy of Vehicle Registration documents, Copy of Driver’s Licence, Photo of front and back of driver’s licence.}