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A compact yet spacious ride for urban adventures
Meet the BYD Sealion 5, Australia's most affordable plug-in hybrid SUV. As the smallest and most affordable member of BYD's Sealion family, it enters the ultra-competitive medium SUV segment, offering something genuinely different: plug-in hybrid capability at a price point that typically only buys petrol power.
A novated lease on the BYD Sealion 5 through Leaselab transforms this already impressive value proposition into something even more compelling, using pre-tax income to unlock serious savings.
Is the BYD Sealion 5 exempt from Fringe Benefits Tax (FBT)?
As a plug-in hybrid rather than an electric vehicle, the Sealion 5 doesn't qualify for the federal FBT exemption reserved for zero-emission EVs. But you'll still capture substantial tax savings through salary sacrifice, paying for your vehicle and running costs with pre-tax dollars while reducing your overall taxable income.
Ready to see your potential savings? Use our BYD Sealion 5 novated lease calculator to estimate repayments and explore how salary packaging could make this compact SUV plug-in hybrid even more attainable than buying outright.
The information you share is used for the purposes of an estimate. In many cases your final quote is less than what is shown here based on your personal circumstances.
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How much is the BYD Sealion 5 novated lease?
Costs vary depending on salary, kilometres and lease term. As a guide, a Sealion 5 novated lease can start from around $174 per week at Leaselab once tax savings and running costs are packaged together.
Is it worth buying a car on a novated lease?
For many salaried employees, yes. A BYD Sealion 5 novated lease lets you pay for your car and running costs using pre-tax income, which may reduce your taxable income and simplify budgeting.
What’s the BYD Sealion 5 price in Australia?
Official Australian pricing for the BYD Sealion 5 is expected to start at $33,990 before on-roads, but the final price depends on variant and equipment.
What is the range of the BYD Sealion 5?
The fully electric Sealion 5 is expected to deliver roughly 400–500km of driving range, depending on battery size and driving conditions.
How long does it take to charge a BYD Sealion 5?
Fast charging can top up the battery from 10–80% in about 30–40 minutes. Charging at home using AC power usually takes around 6–8 hours.
What’s the difference between the Sealion 5 and Sealion 6?
The Sealion 5 is expected to be a fully electric SUV, while the Sealion 6 is a plug-in hybrid that combines petrol and electric power.
Explore our full range of vehicles available on a novated lease or compare similar SUVs to find the model that best fits your lifestyle and budget.
Instant estimate - no obligation
The Process
How Your Novated Lease Works
A step-by-step guide to how a novated lease works, from choosing your dream car to all the way to the end of your lease.
Vehicle & Financial Consultation
We'll make sure your chosen car is within budget, you can comfortably afford the repayments, and your employer is happy to partner with us on your novated lease. Most finance approvals happen within 24 hours, subject to credit assessment. We coordinate between all parties on your behalf.
Car Shopping
This is the fun part. Whether you know the specifics or just have a general type of car in mind, we'll help source it from our national dealer network and secure the best deal on your behalf. While you’re at it, explore additional protection like MotorOne protection packages, MDR, insurance and more, which you can bundle into your lease.
Sign, Celebrate & Drive
It's time to sign the paperwork and pick up your car. We’ll send you a fuel card, and you’ll be able to access your lease portal. Here, you’ll find everything you need to know about your lease and any questions you might have.
End of Lease Options
When your lease ends, you choose what happens next. Sell it through TradeLab for competitive valuations (keeping any profit tax-free!) then upgrade into a new vehicle with a fresh novated lease. You can also pay off the balloon payment to own it outright or explore refinancing.*
*Payments vary depending on your chosen term.
