The 2026 Mazda CX-5 is the third generation of this highly popular medium family SUV in Australia. It keeps familiar styling but adds sharper, more angular design cues inspired by larger Mazda models like the CX-70 and CX-90. The design, built on Mazda's latest SUV concept, adopts both aesthetics and functionality.
Inside, the new CX-5 has more space and an upgraded interior. Mazda has really upped the infotainment system, featuring a larger screen and a nicely streamlined dashboard. Outside, it's grown in size, including having a longer wheelbase, which directly improves rear passenger comfort and adds to a larger boot for families.
With the latest car, initially, it will be launching with a similar petrol engine. Mazda has also confirmed a new in-house developed Skyactiv-Z hybrid powertrain that will follow. This strategic move aims to address the growing demand for cleaner electrified family cars in the competitive Australian SUV market.
At its Australian launch in the second half of 2026, the new CX-5l features a recalibrated 2.5-litre Skyactiv-G naturally aspirated petrol engine. This engine is paired with a six-speed automatic transmission and standard all-wheel drive powertrain, providing 132 kW of power and 242 Nm of torque. This setup gives SUV buyers reliable performance on daily drives.
While the launch engine is brought over with a slight detune, Mazda says that there are improvements in throttle response and is generally quieter when highway driving. The outgoing 2.5-litre turbo-petrol engine will no longer be offered, shifting the focus towards efficiency, fuel saving and future electrified variants.
More importantly, Mazda's new in-house developed Skyactiv-Z petrol-electric hybrid powertrain is pencilled to arrive in Australia from 2027. This hybrid is expected to offer performance comparable to or exceeding the previous turbo engine, delivering enhanced fuel efficiency and Mazda's signature engaging driving dynamics that many family SUV buyers love about their Mazdas.
Engine | 2.5L SKYACTIV-G 4-CYLINDER PETROL* |
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Transmission | 6-SPEED AUTOMATIC |
Power/Torque | 132kW / 242Nm |
Body Type | 5D SUV |
Drivetrain | i-ACTIV AWD (STANDARD) |
Variants | TBC (Hybrid to be confirmed) |
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The 2026 Mazda CX-5 is an evolution of the already popular family SUV. It upgrades the design, practicality, and driving enjoyment that many have been looking forward to. While the initial lack of a hybrid option at launch might put some buyers off, its larger, more refined interior, upgraded tech, and expected future hybrid powertrain set it ahead of the pack with its rivals. It's a great choice for those wanting a stylish, safe, and well-handling medium SUV for Aussie family SUV buyers.
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Find my best dealIs there a minimum salary to get a novated lease?
No, there is no minimum salary to get a novated lease.
Novated leasing approval is dependent on your capacity as a borrower much like traditional finance. This means you need to illustrate your ability to meet regular repayments over the term of the lease.
Chat with one of our experts about how much you may be able to borrow.
How long will my novated lease be?
The term of the lease agreement is completely up to you.
Generally, terms of one to five years are available under a novated lease.
The length of the lease term will determine your repayments and your residual.
What's the minimum and maximum value of car I can get?
The amount you can borrow for a vehicle will vary depending on the lender.
In general, the minimum novated lease amount is $10,000, while higher amounts (up to $500k) are subject entirely to the repayment capacity of the applicant.
Chat with one of our experts about how much you may be able to borrow or check out our novated lease explained guide.
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Can I buy a used car with a novated lease?
Yes, you can buy a used car both privately or through a dealership.
Some financiers will allow the vehicle to be up to 15 years of age at least end.
Buying a used car from a dealership will also still see you save the GST on the purchase price. Find out more by visiting used cars through a novated lease.
Can I get a novated lease if I work for my own company?
Salary sacrificing a car through a novated lease can be suitable for a business owner who is also an employee of their own company, but it’s only an option if the business owner is receiving a salary from the company they own.
If you are planning to leave your current employment to start your own business, you can transfer your novated lease, provided you are paying yourself a salary.
If you are self-employed – i.e. are not paid a salary or paying yourself a salary through your own company – you will need to look at alternative forms of vehicle finance.
What happens at the end of a novated lease?
You have a few options available at the end of your novated lease term:
Upgrade - most of our customers tend to upgrade their vehicle, your expert consultant can help you find the right upgrade for you and even help you sell your current vehicle to help pay out the residual. If the sale price is higher than the residual, you keep that profit - tax-free!
Extend - If you want to keep the same car and continue enjoying the tax savings, we can help you refinance the residual amount for another term of your choice.
Own outright - Pay the residual amount (including GST) at the end of the lease term to own the car outright
What happens if I leave my current job during a novated lease?
If you leave your job during the term of your novated lease, you will still be responsible for making the finance repayments on the vehicle.
The lease will be de-novated, where the running costs are removed from the agreement and repayments work much the same way as a standard car loan.
If you are going to a new employer who offers novated leasing as an employee, you may be able to transfer your novated lease over under a re-novation, or request Novated Lease Australia set up as a partner.