Why novated lease a Kia EV5?
A novated lease lets you pay for a Kia EV5 and its running costs from your pre-tax salary, which lowers your taxable income. On an eligible EV the saving is bigger again, because the car is FBT exempt.
- Paid from your pre-tax salary
- No GST on the car, up to the $6,353 cap
- Insurance, servicing, tyres, rego and charging bundled in
Is the Kia EV5 FBT exempt?
Yes. The Kia EV5 is a battery electric vehicle, so under the $91,661 fuel-efficient threshold it is exempt from Fringe Benefits Tax for the 2026-27 financial year. That is what makes an EV novated lease so strong: the whole lease, including running costs, can come out of your pre-tax salary. Note that plug-in hybrids stopped qualifying for the exemption for new arrangements from 1 April 2025.
What it costs, with nothing hidden
Your CarBon quote sets out the finance, the fees and the running-cost budget in full before you commit, so there are no surprises. The quickest way to see the real weekly cost of a Kia EV5 for your salary is to run a quote.