BYD Novated Lease

Discover competitive novated lease pricing for your BYD at Leaselab. Simplify car ownership with tailored, tax-effective leasing. Get started today.

BYD

Drive Innovation with a BYD Novated Lease from Leaselab

BYD electric vehicles have led the way with sleek, futuristic designs that pair efficiency with aesthetic performance. Whether it's the dynamic design of the BYD Dolphin, the sophisticated elegance of the BYD Seal or the impressive features of the BYD Atto 3, a novated lease can turn your dream car into a head-turning reality.

A novated lease from Leaselab makes driving a new BYD more affordable, saving you tens of thousands of dollars compared to traditional car financing and putting you in the driver's seat faster.

Futuristic Design. Everyday Practicality. Meet the BYD Range.

Whether you're commuting in style or planning road trips with zero tailpipe emissions, BYD has an EV that suits your lifestyle.

BYD

Is the BYD eligible for FBT exemption under a novated lease?

Most BYD EVs are eligible for the FBT exemption if leased under a novated agreement. To qualify, the vehicle needs to:

  • Be electric or low-emission
  • Have been first used on or after 1 July 2022
  • Be priced below the current LCT threshold of $91,387
  • Never have triggered Luxury Car Tax

Models like the Atto 3, Dolphin, Sealion and Seal tick all these boxes, meaning you could enjoy serious tax savings with a novated lease.

Is a BYD novated lease right for you?

If you're a full-time employee looking to lower your taxable income, an eco-conscious driver chasing the latest in EV innovation or a professional who wants to drive a sleek electric car without stretching your budget, a BYD novated lease could be a smart fit.

With a novated lease from Leaselab, you get to enjoy the cutting-edge technology and sustainability of a BYD vehicle while benefiting from financial gains that traditional car loans or outright purchases can't offer. With Leaselab, your new BYD isn’t just an environmental choice, it’s financial logic.

BYD

What is a novated lease?

A novated lease is an innovative way to finance your vehicle through a three-party agreement involving you, your employer, and a car finance provider. It allows you to pay for your car from your pre-tax salary, leading to significant tax savings and a streamlined car ownership experience.

Save thousands in tax

Bundle your car and running costs into one pre-tax salary deduction, saving thousands annually and tens of thousands over the lease's lifetime.

Get a better car for less money

Save up to $6,334 on the GST component of the car's price, making it easier to afford a better car and maximising your budget.

No bill shock

Turn annual car-related expenses into even monthly payments, preventing unexpected costs that can disrupt your budget.

Include running costs

Add fuel, servicing, insurance, and more to your lease package, all paid pre-tax, increasing your savings on everyday costs.

Fixed monthly payments

Enjoy predictable, fixed payments over the lease term, helping you manage your finances with confidence.

Managed by us, for you

We handle all aspects of your lease, from processing expenses to providing transparent account reporting, ensuring hassle-free management.

The Process

How It Works

A novated lease is a way to pay for your car and its running costs using your pre-tax income, which in the eyes of the ATO reduces your total salary and therefore the amount of tax you pay. It sounds simple, but it’s a total game-changer. Here's how it works in three simple steps.

1

You + Your Vehicle

Found the car you want? Perfect. Now, instead of you paying for your car outright, you enter into a lease agreement for the car for a fixed period between 1 - 5 years.

2

You + Your Employer

An agreement is set up between you, your employer and us. Then, your deductions for the lease (including running costs too, if that's what you want) are made by your employer from your pre-tax income. And that reduces the income tax you pay each pay cycle. Plus, your deduction amount is fixed, so you know what you’re paying for your car each month.

3

You + Leaselab

With a direct line of communication through a dedicated relationship manager, we'll help you navigate any challenges right the way through your lease. Whether it's today or five years from now, we promise you’ll always have the same level of help and service all the way through to the end of your lease.

Explore our most popular BYD models

All your car and running costs are included

Customer Service

Customer Service

Rego & Insurance

Rego & Insurance

Tyres & Alignment

Tyres & Alignment

Servicing &  Maintenance

Servicing & Maintenance

Fuel or Electricity

Fuel or Electricity

Lease Payments

Lease Payments

About Leaselab

We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers.We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.As we always say: It’s a new lease on novated leasing.

Why choose Leaselab for your novated lease?

We work hard to make the complex world of novated leasing easy and accessible for everyone. This is part of our long-standing goal to reinvigorate the novated leasing industry with a focus on service and quality. We are here to do the right thing for our customers.

We live and breathe novated car leasing and are ready to provide you with personalised guidance so that you're informed every step of the way.

100+

years of combined experience in novated leasing

97%

Customer satisfaction rating

99%

of reviews are 5 stars

How we stack up against the competition

We believe everyday Aussies deserve a smarter way to buy a new ute. That's what grounds our commitment to customer success. And it's why we always act in the best interests of our clients by providing trustworthy education and guidance, even (and especially when) it’s difficult.

Total Transparency & Easy Access

See all your lease details at any time, with a simple, intuitive online portal.

Multiple Lender Options, Competitive Rates

Choose from a range of lenders to get the best deal for you.

Super Short Support Wait Times

Speak to a real person in under a minute, on average.

Rapid Reimbursements

Get your money back fast—usually within 2–3 business days.

Dedicated Account Manager

Enjoy personal service from your own account manager, for the life of your lease.

Exclusive Employee Benefits

Access extra perks and benefits beyond your lease, at no extra cost.

Our Happy Customers

We've saved thousands, for thousands

Rated 5/5 based on 141 Google reviews

Frequently Asked Questions

What are the advantages of a novated lease for a BYD?

A novated lease for a BYD provides significant financial benefits. You avoid paying GST, saving 10% on both the purchase price and the running costs of your vehicle. By using your pre-tax income to cover your lease payments you’re lowering your taxable income, resulting in substantial savings there too. 

And, you get to enjoy the advanced technology and eco-friendly features of a BYD without the financial strain of traditional financing. If a novated lease works for you - boy, does it work.

How do I get started with a BYD novated lease?

To get started, use our novated lease calculator for BYD to estimate your potential savings. Contact us directly with any questions, or submit your details online, and we’ll reach out to discuss your options with a personalised quote. Once you’ve decided that a novated lease is right for you, we’ll guide you through the entire process and will be here throughout the term of your lease if you ever need a hand.

How much can I save with a BYD Novated Lease?

The best way to estimate your savings is by using our helpful BYD novated lease calculator. With a novated lease, you can save significantly on your BYD by running your costs through pre-tax salary deductions. You’ll also benefit from GST savings, and potential fringe benefits tax (FBT) exemptions too.

How does BYD compare to Tesla for novated lease benefits?

Both offer identical tax savings through novated leasing. BYD typically costs less upfront, meaning lower monthly payments, but Tesla has a stronger resale value. Either way, you're getting great EV benefits and zero FBT - it's really about personal preference and budget. We’d be happy to help you compare all your car options and novated lease repayments so it works for your lifestyle.

Do BYD vehicles qualify for EV incentives or rebates in my state?

Yes! BYD EVs qualify for most state incentives where available, like stamp duty exemptions and registration discounts. We'll help you stack up all available savings in your area.

Can I include a BYD home charger in my novated lease package?

Absolutely. Home chargers can be bundled into your lease package and paid with pre-tax dollars. Installation costs are often bundled in, making it an easy and cost-effective way to build your full EV setup.

Are servicing and insurance included in a BYD novated lease?

Yes, both can be rolled into your package and paid pre-tax. BYD offers competitive servicing costs, and we'll source comprehensive insurance that covers your specific model. Everything becomes one simple monthly payment from your gross salary.

Is the BYD Atto 3 eligible for FBT exemption under the EV novated lease rules?

Yes! The Atto 3 is a fully electric vehicle under $$91,387, so it qualifies for full FBT exemption. This means maximum tax savings on your novated lease - no fringe benefits tax to worry about whatsoever.

Are BYD cars reliable for long-term ownership in Australia?

BYD backs its vehicles with 6–8 year warranties and has been a leader in EV manufacturing since 2003. Though a newer player in Australia, their growing local service network and global reputation offer strong peace of mind.

Why is BYD so popular?

Simple: great value for money. You get premium EV features, solid build quality and competitive pricing. They're not trying to be the flashiest - just delivering reliable, well-equipped EVs that make financial sense for Australian families.

Is the BYD Seal a good alternative to the Tesla Model 3?

Definitely worth considering. The Seal offers similar performance and range, often at a lower price point. Tesla has the Supercharger network advantage, but BYD provides excellent value and both work brilliantly on a novated lease.

What software and tech features come with BYD vehicles?

BYD vehicles feature rotating touchscreens, smartphone integration, over-the-air updates and comprehensive driver assistance systems. You'll get modern EV tech without the complexity - everything just works as expected.