Hyundai Hyundai Ioniq 5
Retro-futuristic electric SUV
£46,745
£519/mo
Calculate Your Net Cost
See exactly what you'll pay per month through salary sacrifice
Your Details
Based on your £35,000 salary. You can manually change if needed.
Example: £40k Salary, 20% Tax Band
Gross Monthly Lease Cost
£519
Your Net Monthly Cost*
£363
*Approximate, based on 30% saving
This example shows typical savings for a 20% taxpayer. Your actual savings depend on your tax band (20%, 40%, or 45%), and include both income tax and National Insurance savings, minus the 2% BiK tax on electric vehicles.
Best Providers for This Car
These providers offer excellent service and competitive rates
About the Hyundai Hyundai Ioniq 5 on Salary Sacrifice
What's Included?
- • Comprehensive insurance with business cover
- • All maintenance and servicing
- • Breakdown cover and roadside assistance
- • Tyre replacement (fair wear and tear)
- • Road tax (£0 for EVs)
- • Home charger installation (with most providers)
BiK Tax on This Car
As an electric vehicle, the Hyundai Hyundai Ioniq 5 has just a 2% Benefit-in-Kind rate (frozen until 2028). On a P11D value of £46,745, a 20% taxpayer would pay approximately £16 per month in BiK tax. This is 90% less than an equivalent petrol or diesel car!
Why Salary Sacrifice?
Salary sacrifice lets you lease an electric vehicle from your gross salary, before tax and National Insurance. This means significant savings compared to leasing personally - typically 30-60% depending on your tax band. Everything is included in one fixed monthly payment, with no deposit required.
Ready to drive the Hyundai Hyundai Ioniq 5?
Get personalized quotes from leading providers