Oly is backed by one of Australia's largest and most trusted novated lease providers - MMS
Check out the latest offer for Hyundai
What’s included in the price
Car finance
Car payments that are automatically taken out of your salary every time you get paid, without having to think about it? How easy is that!
Registration
If you’ve ever had a car, you’ll know those annual rego bills are a nightmare. Not anymore. They’re included in your regular Oly payment.
Servicing
Keep your car happy and healthy with all its scheduled services and check-ups, all included in your payment. Oly can even help you find a nearby mechanic.
Fuel
Life’s hard enough without worrying about budgeting for petrol. Fill up, flash your fuel card, drive away happy. If you’re keen on going electric, your charging bills could also be claimed.
Insurance
Few things in life are as boring as insurance. With a novated lease, your car insurance can be bundled into your regular lease payment so you don't have to think about it.
Pretty much everything else
Tyres, oil filters, roadside assistance, even the odd car wash… it can all be covered with Oly so you can focus on planning your next road trip.
Oly's hottest cars
Hyundai Ioniq 6__HYU__IO6
Hyundai Kona__HYU__KON
Novated lease calculator Australia
Crunch the numbers
Choose year
Choose make
Choose model
Choose variant
How much do you drive each year?
Lease term
Finance lowdown
How much tax could I save with a novated lease?+
Weekly cost
Fortnightly cost
Monthly cost
+ Estimated tax savings is the amount you could save if you salary package the car and pay for the lease payments and operating costs with pre-tax salary or a combination of pre-tax and post-tax salary, as compared to if you do not salary package and pay with post-tax salary. Please see ‘Important information about calculations’ below for further information.
Features & inclusions
Car payments
Fuel or charging
Rego
Insurance
Tyres
Servicing
Important information about calculator
Disclaimer: This calculator is an educational tool only and should not be relied on for the purpose of making a decision about a financial product. Calculations produced are estimates only that do not take your personal circumstances into account and should not be relied on as an accurate quote or offer of finance. The figures generated by this calculator are based on several factors and assumptions. To view a full list of the terms & conditions, and the applicable assumptions (in addition to those already set out in the table), click below. Oly recommends you seek professional financial and taxation advice before making any financial decisions regarding a novated lease.
Important information about calculations
Calculator assumptions
- This calculator is provided for illustrative purposes only.
- It does not take into account your personal objectives, financial situation or needs.
- Additional fees and charges may apply, along with credit assessment criteria for certain products.
- The availability of benefits is subject to your employer's approval.
- PAYG tax rates effective 1 July 2024 have been used.
Important information about calculations
All calculations on this website are for illustrative purposes only and use PAYG tax rates effective 1 July 2024.
Novated leasing calculations assume that:
- The employee contribution method has been used (pre and post-tax funds). The estimated annual operating costs includes estimates of fuel/electricity, maintenance, tyres, registration, comprehensive insurance.
- The residual cost is calculated at 28.13% for novated lease as per ATO guidelines.
- If you are an employee of a public health, charity or not-for-profit organisation, the calculator results assume you are salary packaging a novated lease above your FBT exemption cap limit.
- An indicative annual vehicle management service fee of $396.00 (incl. GST) has been included in your operating expenses. This fee may vary depending on your employer.
- The amount financed includes a finance establishment fee of $475.00 (incl. GST) which is charged by the financier.
- GST of 1/11th is payable on your ECM contributions. Input tax credits (i.e. a refund of GST) may be paid into your salary packaging account by your employer, assuming they are eligible for GST input tax credits and they will pass on the benefit to you. State stamp duty rates apply.
- Tax, benefit & Medicare levy calculations are approximate, and assumes no other taxable income is received. HECS/HELP repayments and taxation surcharges are excluded.
Please contact Oly for an accurate estimate of your annual net benefit, leasing costs and the fees that may be applicable to you.
This calculator provides general information only by using some generic taxation scenarios and some publicly available general material published on the ATO's website. It does not offer a complete overview of applicable taxation methods.
For electric vehicles, plug-in-hybrid vehicles and plug-in hydrogen fuel cell vehicles, please consider the following:
- The estimated tax savings is the amount you could save if you salary package the vehicle using pre-tax salary or a combination of pre-tax and post-tax salary as compared to not salary packaging your vehicle and paying the vehicle running and lease costs only from your post-tax funds.
- For electric car FBT exemption to apply, this calculator assumes that all of the following conditions are met:
- the car selected is an eligible zero or low- emissions vehicle;
- the value of the car at the first retail sale was below the luxury car tax threshold of $91,387 for fuel efficient vehicles and;
- the car is first held and used on or after 1 July 2022.
- Please note that, from 1 April 2025, a plug-in hybrid electric vehicle will not be considered a zero or low emissions vehicle under FBT law. However, your employer can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue using the vehicle for private use on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding.
- Estimated running costs may include those detailed above as well as electricity.
- This calculator does not use or consider any individual’s own financial circumstances at all.
- While electric vehicles on novated lease are FBT-exempt up to the Luxury Car Tax threshold of $91,387, they are required to be reported on applicable employee payment summaries.
- Oly recommends that employees seek independent financial and taxation advice on what impact this could have to their personal circumstances, including government payments.
- Users must not rely on or consider any results generated by the calculator as personal taxation advice.
Contact Oly
Complete the form and Oly will get in touch very soon.
Keen to talk now? Give Oly a call on 1300 328 182.
Oly is available:
9am-5pm AEST Monday - Friday
excluding public holidays
*Questions marked with an asterisk need to be answered before you can submit the form.
First name__text
Last name__text
Email address__text
Mobile number__number
Employer__text
State__dropdown__ACT;NSW;NT;QLD;VIC;SA;TAS;WA
What can Oly help you with?__textarea
By submitting this form, I agree to Oly contacting me about its products, services and offerings. I understand Oly will collect my personal information and that I can read more about how Oly handles my personal information by reading Oly’s Privacy Statement.__disclaimer
How a novated lease works
Oly demystifies the world of novated leasing by taking you through what’s included in your payment (spoiler: it’s pretty much everything), and how much you could save by using a novated lease to score your dream car.
1:40 minute video
How does novated leasing work?
Oly loves novated leases and believes they should be available to everyone, whether you work for a tiny business or a medium one. That’s why Oly makes scoring a new car with a novated lease super easy.
1. Get your quote
Whatever you’re looking for, tell Oly a little about yourself and Oly will show you what your new ride could cost.
2. Oly works out the payments with your employer
Oly will take your employer through the super-easy steps they need to take to get your novated lease set up, and will then help guide them through making those regular payments.
3. Wait (not long) for approval
In most cases, provided Oly’s got all the necessary info, you could get approval within hours.
4. Drive
Pick a playlist, adjust your seat, put on your seatbelt and hit the road.
Talk to Oly
Fill in your info and Oly will give you a call back.
Keen to talk now?
Give Oly a call on 1300 328 182.
Oly is available:
9am – 5pm AEST Monday to Friday
Excluding public holidays
* Questions marked with an asterisk need to be answered before you can submit the form.
*&^Terms and conditions
*All eligible vehicles must be ordered before 13/01/25 (unless extended), or while stocks last. Displayed price is only available through a novated lease administered by Oly in Queensland. Government duties and charges may vary the weekly pricing in other states and territories. Weekly costs have been determined based on the following assumptions: 1) The lease is a Oly fully maintained lease, 2) A 5 year term, 3) A residual value of 28.13% of the vehicle purchase price payable at the end of term, 4) Inclusion of finance and budgeted costs for: fuel or electricity, 4 replacement tyres, maintenance, roadside assistance, registration, CTP and comprehensive insurance, 5) Gross annual salary is $90,000. 6) Vehicle purchased in QLD, 7) 15,000km per annum, 8) Salary Sacrifice using Employee Contribution Method (ECM). The Fringe Benefits Tax Exempt Method is only used for eligible electric vehicles under the luxury car tax threshold of $91,387. The indicative price quoted for the novated lease is based on vehicle quotations received within the last 45 days and does not include any optional extras. Any optional extras that you choose will affect the cost of the novated lease and residual value. If you purchase the vehicle on termination of the novated lease, GST will apply on the purchase price you pay at that time. The novated lease offer is based on the assumption outlined above, and is an indicative cost approximation of the selected vehicle and model shown 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. These specials cannot be used in conjunction with any other offer. From 1 April 2025, a plug-in hybrid electric vehicle will not be considered a zero or low emissions vehicle under the FBT legislation. However, you can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue providing private use of the vehicle on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding.
^ Savings shown are indicative and reflect estimated tax savings over the full-term of the lease. The total amount saved is a comparison between a novated lease based on the assumption outlined above and the purchase of a vehicle and payment of running and maintenance costs using post-tax earnings. Actual savings will depend on your personal circumstances. Oly recommends that you seek independent financial and taxation advice.
#Please note that stock levels vary from time-to-time and so certain vehicles may not be available at the time of enquiry.
Things you need to know: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax and financial advice. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. Oly may pay and/or receive commissions in connection with its services. Actual vehicle prices are based on specific vehicle and accessories, prices and savings may vary based on additional options selected with vehicle. Oly does not act as your agent or representative in respect of the purchase of any vehicle. Oly does not provide any advice or recommendations in relation to the purchase of any vehicle.
Please note: The content of this page is provided to you on the condition that you undertake all responsibility for assessing the accuracy of the content. Oly gives no guarantee and accepts no liability for the quality, safety or standard of motor vehicles or parts referred to or the truth or accuracy of the information contained on this page except to the extent required by law including, but not limited to, consumer guarantees under the Australia Consumer Law. You acknowledge that any images shown on this page are for illustration purposes only and may not be an exact representation of the motor vehicle on offer. The specifications you choose may affect the price you pay.
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.