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BYD Sealion 5
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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.
Why choose a BYD Sealion 5 novated lease?
- Real electric range – Drive up to 71km (Essential) or 100km (Premium) on pure electric power, perfect for daily commutes without burning petrol.
- Surprising space – Roomy rear seats and generous legroom deliver practical family transport in a genuinely affordable package.
- Well-equipped from the start – LED headlights, wireless Apple CarPlay and Android Auto, dual-zone climate control and keyless entry come standard on both grades.
- Smart tax advantages – Bundle fuel, insurance, servicing and registration into one pre-tax payment through your Sealion 5 novated lease.
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.
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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.
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.
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.
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.
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.
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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.
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Save thousands in tax by driving your dream car
