Get Your Electric Vehicle Salary Packaged 100% Tax-Free

BYD is revolutionising the Australian EV market, and now, you can drive one for less, all tax-free. Whether it’s the sleek BYD Seal, the BYD Atto 3, or the highly anticipated BYD Shark 6 all below, a novated lease makes owning an electric vehicle effortless.

From as little as $125 per week (BYD Dolphin Essential), you can salary package your BYD novated lease, 100% tax-free—thanks to the government’s latest EV incentives. Lower your vehicle purchase price, enjoy GST savings, and roll all running costs into one easy pre-tax payment.

Want to see how much you’ll save? Try our BYD Novated Lease Calculator below or speak with our expert team for a tailored quote.

Benefits of Novated Lease for BYD EV and PHEV vehicles in Australia

A BYD novated lease isn’t just a way to drive—it’s a way to save thousands. . Here’s why more Australians are choosing novated leasing for BYD EVs and PHEVs:

  • 100% Tax-Free Leasing – The biggest benefit is all of the BYD vehicles can be salary packaged 100% tax free on a Novated Lease. Pay for your BYD with pre-tax salary, slashing your taxable income.
  • Consolidated Payment of Car Expenses: Novated leasing in Australia allows employees to bundle lease payments and running costs into one convenient regular payment.
  • Significant Tax Savings: Employees can reduce their taxable income and increase their disposable income by making lease payments with pre-tax salary.
  • Inclusive Coverage of Running Costs: Novated leasing in Australia can include coverage of running costs such as charging, comprehensive car insurance, servicing, registration, and tyres.
  • Flexibility: Novated leasing in Australia allows employees to choose from various Tesla models and add approved optional extras and accessories.
  • Customised Driving Experience: Employees can tailor their driving experience to their needs and preferences.
  • Options to Upgrade, Extend, or Purchase the Vehicle at the End of the Lease Term: Employees have flexibility in their choices at the end of the lease term.

Drive Electric. Pay Less. Own Smarter.

BYD Models Available for Novated Leasing

BYD Sealion 6 Novated Lease

The performance-driven EV with cutting-edge technology and an ultra-sleek design.

a blue Atto 3 electric SUV

BYD Atto 3 Novated Lease

Australia’s favourite electric SUV. The perfect balance of range, performance, and price.

BYD Novated Leasing

Whether you want a BYD Atto 3, a BYD Seal, or the highly anticipated BYD Shark, we’ve got you covered at Vehicle Solutions

What’s BYD Ownership Like in Australia?

BYD has been making a notable impact in the Australian electric vehicle market, particularly with its range of electric cars and buses. The ownership experience generally reflects a few key points:

  • Growing Popularity: As awareness of electric vehicles (EVs) increases, BYD has gained traction, especially among environmentally conscious consumers looking for alternatives to traditional combustion vehicles.
  • Service and Maintenance: The availability of service centers and parts may vary, so it’s essential for potential buyers to consider local support options.
  • Community and Support: As BYD’s presence grows, so does the community of owners, which can provide support and share experiences.
  • Government Incentives: Various state and federal incentives support EV ownership, including rebates and exemptions from certain fees, including the federal government incentive which makes your BYD vehicle 100% tax free on a Novated Lease.
  • Charging Infrastructure: Owners are benefiting from an expanding charging network across Australia, making it easier to charge their vehicles, especially in urban areas.
  • Variety of Models: BYD offers a range of models, including sedans and SUVs, which appeals to different segments of the market. Their vehicles often come with competitive pricing and features.
  • Overall, BYD vehicle ownership in Australia is seen as a promising choice for those looking to transition to electric mobility.

The long awaited BYD Shark now Tax free on Novated Leases in Australia! $214 per week including all running costs!

The new BYD Shark ute is possibly the most exciting vehicle to hit Australian shores in a long time. The interest in this vehicle has been enormous as it combines practicality with the brand’s electric vehicle technology. Here are some key aspects:

Electric Powertrain:

The Shark ute features a fully electric drivetrain, providing strong torque and smooth acceleration, which is beneficial for both urban and off-road driving.

Range and Charging:

It offers a competitive driving range on a single charge, making it suitable for daily use and longer trips. Fast-charging capabilities are also typically included, allowing for quicker recharging at charging stations.

 

Design

The ute sports a rugged, modern design that appeals to traditional ute buyers while incorporating BYD’s sleek aesthetic. It has a spacious bed for hauling cargo, which is a key requirement for ute owners.

Interior Comfort and Technology:

Inside, the Shark ute is equipped with a user-friendly infotainment system, ample storage, and comfortable seating. Features like smartphone connectivity and advanced driver-assistance systems enhance the driving experience.

Payload and Towing Capacity:

Designed to handle various tasks, the Shark ute generally offers respectable payload and towing capacities, making it suitable for both work and recreational use.

Affordability and Incentives:

Positioned competitively in the market, it may also benefit from government incentives for electric vehicles, making it an attractive option for those looking to transition to electric mobility.

Overall, the BYD Shark ute aims to blend the utility of traditional utes with the benefits of electric driving, appealing to a wide range of consumers from tradespeople to environmentally conscious buyers.

BYD Novated Lease Calculator: Find Out Your Savings

New government legislation aims to make EVs more affordable through novated leasing, but the critical question remains: “What will it cost me?” Vehicle Solutions Australia’s novated lease calculator gives you an instant estimate of the cost to your take-home pay for any vehicle up to the FBT-exempt limit of $91,387.

When using a novated lease calculator, it’s essential to know what’s included and what’s not. Providers may adjust fuel, tyres, and service costs to lower quotes, which can lead to higher expenses later. Always review the running costs and their calculation to ensure an accurate estimate.

The Novated Lease Calculations

Charge Allocation (Was the old-fashioned fuel)

In our novated lease calculator, we have included an allocation of $750 per year for charging your vehicle. Depending on usage, this can be changed before starting the lease or at any point during the lease term.

Tyres

In a novated lease calculator, tyre budgets vary due to price differences based on tyre type. We research average costs per vehicle category and apply them to an estimated tyre replacement schedule to set the budget.

(Average cost of a tyre X 4) = Cost of a set of tyres.

Your annual km travelled X the lease term in years = Total KMs

Total KMs/35,000kms (average tyre change period) = Sets of tyres required.

Sets of tyres required X Cost of the set/years of lease = Total tyre budget per year.

Example: Mary drives 15,000 km per year and is about to start a 5-year lease. A set of her tyres costs $850.

15,000 X 5 = 75,000kms /35000 = 2.14 sets of tyres X $850 per set = $1,819/5 years = $363.80 per year.

Maintenance

Most cars need a service every 10,000 to 15,000km, and the cost depends on the type of vehicle you choose. However, EVs generally require less servicing, so we have allocated $350 annually.

Registration and Insurance

For registration and insurance renewals, we use an estimate again depending on the type of vehicle chosen.

Finance

The finance is on a standard novated lease calculation with minor variations.

  1. There’s often concern about the balloon payment at the end of a lease, called the residual or final value. While novated leasing lets you pay for the car through your employer, saving on tax, you don’t gain equity in the vehicle. Leasing a vehicle below the luxury car tax threshold can result in substantial tax savings, mainly due to exemptions from fringe benefits tax. At the end of the lease, you’ll need to pay the car’s market value.
  2. Your first year of Comprehensive Car Insurance can be financed, so no upfront payment is needed. When it’s due again, simply send the renewal, and your Salary Packaging provider can pay it from your novated lease account.

Residual Value

The balloon payment at the end of your lease, known as the residual value, must be paid based on the car’s market value. Individuals can purchase the vehicle outright at the end of the lease term. While paying through your employer saves on tax, you don’t gain equity in the car, so the balance is due at the end of the lease.

GOOD NEWS! Because there is a residual value at the end, your repayments are cheaper during the lease term. Most people use these cheap finance payments to get into a more expensive car.

The residual value is an ATO-set percentage based on the lease term, but it has a buffer of approximately 5% on either side of the required rates. Please read a more detailed article and view the ATO-set percentages by clicking HERE.

Loan or Lease

For most people buying a car means they need some form of finance. One of the most common questions is wouldn’t I be better off putting the car on a standard car loan? To get a true comparison of the difference between a loan and a lease, please read our article by clicking HERE.

Finance Approval Conditions

Once you’re satisfied with the results from our novated lease calculator, the next step is lease approval. Approval is typically easier than standard finance since payments are deducted from your pre-tax salary, giving financiers confidence in repayment.

To get a pre-approval started, click HERE. Pre-approval gives you non-binding approval on your chosen vehicle without pressure to proceed. It strengthens your negotiating position, allowing you to request a cash price for immediate delivery.

Know Your Savings? Let’s Make It Happen

Used the BYD Novated Lease Calculator? Liked what you saw? If you’ve got questions—about the price, tax savings, or how it all works—just give us a call at 1300 990 880. Or, skip the wait and send us an inquiry. We’ll help you lock in the best deal and get you driving 100% tax-free.

Frequently Asked Questions (FAQs)

The monthly cost to lease a Tesla can vary depending on the model, lease term, and included running costs. On average, a Tesla lease in Australia could range from $1,000 to $2,000 per month, but this can differ based on the specifics of the lease.

The monthly bill for a Tesla includes the lease payment, insurance, and running costs like electricity for charging. Depending on the model and electricity rates, your monthly expenses could range from around $1,000 to $2,500.

No, it doesn’t. Most BYD electric vehicles, including the Atto 3, Dolphin, Seal, and Shark, are priced under the Luxury Car Tax (LCT) threshold, so there’s no extra tax added. That means you get to enjoy the tax benefits of a novated lease without worrying about LCT driving up the cost.

The purchase price plays a big role in shaping your lease payments. Since BYD vehicles are priced more competitively than many other EVs, they often qualify for Fringe Benefits Tax (FBT) exemptions, which means lower repayments for you. Plus, a lower purchase price reduces the final payout at the end of your lease, making it more affordable if you decide to keep the car.