BYD Novated Lease Australia

A BYD novated lease can make it simpler to drive an electric vehicle while packaging the vehicle and selected running costs into one regular salary deduction.

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Asset Finance Partners helps employees across Australia compare BYD novated lease options—from compact electric city cars and hatchbacks to electric SUVs, sedans and performance models. We tailor your quote around the things that actually shape cost: your salary, employer arrangement, BYD model, lease term, expected kilometres, charging approach, insurance and end-of-lease residual.

Many fully electric BYD models may be eligible for the electric-car Fringe Benefits Tax (FBT) exemption. This can make an eligible BYD EV novated lease more tax-effective than packaging a petrol or diesel vehicle. We check the exact vehicle and current rules before you proceed.

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What is a BYD novated lease?

A novated lease is a three-party agreement between you, your employer and a finance provider.

You choose your BYD vehicle. Your employer agrees to make lease payments from your salary, while you remain responsible for the underlying finance contract. Depending on your employer and salary-packaging provider, a fully maintained arrangement may also include a budget for selected running costs.

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Your BYD novated lease may include:

• Vehicle finance

• Comprehensive insurance

• Registration and CTP

• Scheduled servicing and maintenance

• Tyres

• Eligible home and public charging costs

• Roadside assistance

• Administration fees

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At the end of the lease, a residual value remains. You may be able to pay it, refinance it, sell or trade the vehicle, or commence another lease, subject to your agreement.

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Why choose a BYD through salary packaging?

BYD has one of Australia’s broadest new-energy vehicle ranges, offering battery-electric vehicles alongside plug-in hybrid models. The range gives employees a choice between compact urban EVs, family SUVs, long-distance sedans and more performance-oriented electric vehicles.

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A BYD novated lease may help you:

• Package predictable motoring costs through payroll

• Use a tailored combination of pre-tax and post-tax deductions

• Access the potential FBT benefit available for eligible battery-electric vehicles

• Avoid a large upfront payment for the vehicle

• Compare EV running costs alongside finance, insurance and registration

• Match your lease term and kilometre allowance to your driving habits

• Make a more informed decision than comparing vehicle repayments alone

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The key is to compare total cost of driving, not merely the advertised payment.

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BYD EV FBT exemption: what you need to know

Eligible battery-electric BYD vehicles may be exempt from FBT, including associated car expenses. For an EV novated lease, this may reduce the post-tax contribution often required for a conventional petrol, diesel or non-exempt hybrid vehicle.

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In general, the exemption may apply where the vehicle:

• Is a qualifying battery-electric or hydrogen fuel-cell vehicle

• Was first held and used on or after 1 July 2022

• Meets the relevant value and luxury car tax requirements when first held and used

• Is provided under an eligible employment arrangement

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Not every BYD is a fully electric vehicle. BYD’s plug-in hybrid models—including the SEAL 6, SEAL 6 Touring, SEALION 5, SEALION 6, SEALION 8 and SHARK 6—should not be assumed to qualify for the FBT exemption. From 1 April 2025, plug-in hybrid electric vehicles are generally no longer eligible for the exemption unless a grandfathering arrangement applies.

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An FBT-exempt EV benefit can still be reportable on your income statement and may affect certain income-tested obligations or benefits. We can explain the finance and packaging structure, but you should seek independent tax advice for your personal position.

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BYD electric vehicles available for novated leasing

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BYD ATTO 1 novated lease

The BYD ATTO 1 is a compact all-electric city car designed for urban driving. It can suit employees who mainly commute, have convenient charging access and want to keep the vehicle component of their novated lease modest.

Consider the ATTO 1 if you want:

• A compact EV for city parking and shorter daily trips

• Lower overall vehicle costs than a larger SUV

• An electric second car for the household

• A practical entry point into EV salary packaging

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BYD DOLPHIN novated lease

The BYD DOLPHIN is an all-electric hatchback with a practical five-seat layout. It is often a strong option for commuters who want more everyday usability than a city car while retaining the efficiency and manoeuvrability of a hatchback.

A DOLPHIN novated lease may suit employees who:

• Drive mainly in metropolitan areas

• Want a practical hatchback for work and weekend use

• Have home charging or access to nearby public charging

• Are comparing an EV lease against a small petrol hatchback loan

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BYD ATTO 2 novated lease

The BYD ATTO 2 is a compact electric SUV with a higher seating position and city-friendly footprint. It includes Vehicle-to-Load capability on relevant configurations, allowing the vehicle battery to power compatible external devices.

A BYD ATTO 2 novated lease can suit drivers who want:

• A small electric SUV instead of a hatchback

• Everyday practicality without moving to a larger family SUV

• A manageable vehicle size for city and suburban driving

• An EV with flexible lifestyle features

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BYD ATTO 3 novated lease

The BYD ATTO 3 is a fully electric compact SUV and one of BYD’s most established EV choices in Australia. The current ATTO 3 EVO range includes different battery, drivetrain and performance specifications, so it is important to quote the exact grade rather than rely on a generic repayment.

A BYD ATTO 3 novated lease may suit:

• Employees stepping out of a petrol or diesel small SUV

• Drivers who want a practical five-seat electric SUV

• Commuters with a mix of city, motorway and regional driving

• Families looking for an EV without the size or cost of a larger SUV

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BYD SEAL novated lease

The BYD SEAL is an all-electric sedan available in different grades, including rear-wheel-drive and higher-performance all-wheel-drive options. It is an alternative for employees who want a long, low sedan rather than an SUV.

The SEAL may suit:

• Drivers who value sedan handling and styling

• Professionals with frequent motorway commuting

• Employees looking for a more performance-focused EV

• Drivers comparing the essential, premium and performance grades based on total lease cost, not simply acceleration or range

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BYD SEALION 7 novated lease

The BYD SEALION 7 is an all-electric midsize SUV. It is available in premium and performance variants, making it relevant for employees who want an electric SUV with stronger performance, a higher driving position and more space than a compact EV.

A SEALION 7 novated lease can be worth considering if you need:

• A family-friendly electric SUV

• More space for passengers, sports gear or weekend travel

• A longer-trip EV option with a modern SUV layout

• A premium or performance-focused electric vehicle through salary packaging

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BYD plug-in hybrid novated lease options

BYD also offers plug-in hybrid models. These can still be financed through a novated lease, but the packaging and tax treatment differs from an eligible battery-electric BYD.

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BYD SEAL 6 and SEAL 6 Touring

The SEAL 6 is a plug-in hybrid midsize sedan, while the SEAL 6 Touring adds wagon-style practicality. These may appeal to employees who want the ability to drive electric for shorter trips while retaining petrol-engine flexibility for longer journeys.

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BYD SEALION 5, SEALION 6 and SEALION 8

These are BYD plug-in hybrid SUVs aimed at different space and seating needs. The SEALION 8 is a larger, seven-seat option for drivers who need greater family capacity.

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BYD SHARK 6 novated lease

The BYD SHARK 6 is a plug-in hybrid ute. It is relevant for drivers who need load-carrying capability, towing capacity and the flexibility of a hybrid drivetrain. It can be novated, but it should not be promoted as an FBT-exempt EV lease under current rules unless specific grandfathering applies.

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For any BYD plug-in hybrid novated lease, we will compare the after-tax impact with a fully electric BYD and other finance options so you understand the difference before choosing a vehicle.

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Which BYD is right for you?

Your priorityBYD models to explore

Compact city EVATTO 1, DOLPHIN

Small electric SUVATTO 2, ATTO 3

Electric sedanSEAL

Electric family SUVSEALION 7

Plug-in hybrid sedan or wagonSEAL 6, SEAL 6 Touring

Plug-in hybrid family SUVSEALION 5, SEALION 6, SEALION 8

Plug-in hybrid uteSHARK 6

The appropriate model depends on your household needs, annual kilometres, charging access, budget and preference for a battery-electric vehicle or plug-in hybrid.

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Charging a BYD through a novated lease

A clear charging plan helps make an EV novated lease work smoothly.

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Home charging

For many BYD EV owners, home charging is the most convenient option. Cost depends on your electricity tariff, charging habits and household energy use. Your employer or packaging provider may require specific records or use an approved method for home-charging costs.

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Public charging

Public charging can suit apartment residents, employees without off-street parking and drivers travelling longer distances. It can also provide useful flexibility when your normal home or workplace charging is unavailable.

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Real-world EV range

Published range figures are tested under defined conditions and are useful for comparing vehicles. Your real-world range will vary based on speed, weather, terrain, wheel choice, payload, air-conditioning, traffic and driving style.

We will help you choose a kilometre allowance and charging budget based on your actual routine rather than an idealised figure.

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What does a BYD novated lease include?

A fully maintained BYD novated lease can package selected running costs in addition to finance. Inclusions vary, but may include:

• Vehicle finance

• Registration and CTP

• Comprehensive insurance

• Maintenance and servicing

• Tyres

• Roadside assistance

• Eligible charging costs

• Lease management fees

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A budget is an estimate, not a promise that every cost will be identical. We will explain how funds are managed, what happens if costs vary and whether your employer’s program has any specific rules.

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BYD novated lease vs car loan

A BYD car loan is generally paid from your after-tax income, and you manage registration, insurance, servicing, tyres and charging separately.

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A BYD novated lease processes agreed payments through payroll and can consolidate eligible motoring costs. For eligible battery-electric BYD models, the FBT exemption may make the arrangement particularly attractive. For BYD plug-in hybrids, the comparison may be different because they are not generally eligible for the current electric-car FBT exemption.

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Asset Finance Partners can show both pathways clearly, including the assumptions that affect the result.

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What happens at the end of the lease?

Every novated lease should be considered from the beginning through to its end date. Your agreement will usually have a residual value. At the end of the term, your options may include:

• Paying the residual value and retaining the BYD

• Refinancing the residual, subject to approval

• Selling or trading the vehicle

• Starting another lease on a new BYD or other vehicle

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A lower regular payment can mean a larger residual at the end, so we make sure you understand both figures before committing.

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BYD novated lease FAQs

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Can I get a BYD on a novated lease?

Yes. BYD electric vehicles and plug-in hybrids can generally be financed through a novated lease where your employer participates and finance is approved.

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Which BYD models may be eligible for the EV FBT exemption?

Fully electric BYD vehicles may be eligible where all current legislative conditions are met. Examples can include the ATTO 1, DOLPHIN, ATTO 2, ATTO 3, SEAL and SEALION 7. Eligibility must be confirmed for the exact vehicle and arrangement.

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Is the BYD SHARK 6 FBT exempt on a novated lease?

The BYD SHARK 6 is a plug-in hybrid vehicle. It should not be assumed to be eligible for the electric-car FBT exemption under current rules. Ask us to model the correct after-tax structure before proceeding.

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Can charging be included in a BYD novated lease?

Potentially, yes. Eligible charging costs may be included or reimbursed within a fully maintained arrangement, depending on your employer and provider.

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Can I include insurance, tyres and registration?

Often, yes. These can commonly be budgeted within a fully maintained novated lease, subject to your employer’s program and provider terms.

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What if I leave my job during the lease?

You remain responsible for the finance agreement. A new employer may be able to take over the novation, or you may need to make alternative arrangements. This is important to understand before you enter the lease.

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How much can I save with a BYD novated lease?

Savings vary based on your salary, employer arrangement, model, lease term, kilometres, running-cost budget, tax position and current legislation. We provide a tailored comparison instead of relying on a generic saving claim.

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Compare your BYD novated lease with Asset Finance Partners

Whether you are considering an ATTO 1, DOLPHIN, ATTO 2, ATTO 3, SEAL or SEALION 7, Asset Finance Partners can help you understand your BYD EV salary-packaging options.

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We compare the vehicle, finance, running costs, charging plan and estimated after-tax impact so you can choose confidently.

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Ready to explore your options? Compare a BYD novated lease with Asset Finance Partners and see the total cost—not just the repayment.

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Explore other EV novated lease options

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Compare your BYD novated lease with other leading electric-vehicle options. Explore Tesla novated leases, Kia novated leases, Chery novated leases, Geely novated leases and MG novated leases with Asset Finance Partners.