Limited Time Offer: 4% Novated Lease Fleet Discount on all NEW BYD
Enjoy a 4% fleet discount off the base price on all new BYD vehicles* when you purchase through a novated lease. This offer is valid for orders placed in May and June 2025, with delivery required by 30 June 2025.
*Excludes Dolphin Essential. Offer available while stocks last.
Here is a cost breakdown of two popular BYD models with this discount applied:
2025 BYD SEALION 7 MY25 Premium Wagon 5dr Auto 1sp AC230kW
Discounted base price $52791
Weekly cost: $218.73
Daily cost: $31.16
2025 BYD SHARK 6 Premium Utility 4dr Auto 1sp AWD 790kg 1.5T/170kW Hybrid
Discounted base price: $55584
Weekly cost: $310.82
Daily cost: $44.28
Disclaimer:
The analysis is grounded in a scenario involving a novated lease arrangement for an individual living in VIC postcode 3000. It’s critical to note that stamp duty for this study is calculated following Victoria’s green passenger car stamp duty rate of $8.40 per $200 or part thereof. The scenario assumes a 60-month term with a 28.13% residual value and an estimated annual travel of 15,000 km.
The comparison is tailored for someone with an annual gross income of $100,000, applying a hypothetical 8.29% interest rate to both car loan and novated lease options. Included in the running costs are management fees, registration and Compulsory Third Party (CTP) insurance, servicing and maintenance, fuel/charging costs, and tyres.
For the purpose of this comparison, the calculations utilise both the statutory formula method and the employee contribution method. It’s imperative to understand that individual circumstances can significantly vary, and this specific example might not be universally applicable. Therefore, consulting with a financial professional and novated lease specialist is strongly recommended to ascertain how a novated lease or other purchase options might suit your personal financial landscape. This comparison is intended solely for informational purposes and should not be taken as financial advice or the sole basis for making financial decisions.
Please ensure that you seek professional advice tailored to your specific situation before making any financial decisions.
Frequently Asked Questions
How does a BYD novated lease work?
A BYD novated lease is a three-way agreement between you, your employer, and the finance provider that allows you to finance a new BYD vehicle using your pre-tax salary. This arrangement means lease payments and running costs—such as registration, insurance, servicing, and charging—are bundled into one regular payment deducted from your gross salary. The 4% fleet discount on eligible BYD models further reduces the base price when leased through this method, making it a tax-efficient and cost-effective way to drive a new EV.
Is a novated lease worth it for an EV?
Yes, a novated lease can be particularly beneficial for electric vehicles (EVs) like BYD, thanks to recent government incentives. In Australia, EV’s with GST-inclusive value below the fuel-efficient vehicle Luxury Car Tax (LCT) threshold are exempt from fringe benefits tax (FBT, meaning the total cost of ownership is significantly lower when packaged through a novated lease. Combined with lower running costs and this limited-time 4% fleet discount, a novated lease can offer compelling long-term value for EV drivers.
Does a novated lease save you money?
A novated lease can save you money through tax benefits and bundled running costs. Payments are made using your pre-tax salary, which reduces your taxable income and potentially your overall tax liability. You also benefit from fleet pricing (like the 4% BYD discount), GST savings on running costs, and better budgeting with fixed monthly costs. The actual savings depend on your income, driving habits, and choice of vehicle, so it’s best to run a personalised calculation or speak with a novated lease specialist.