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BYD Sealion 8
Compare Savings by Variant
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Take refinement and comfort to a new level
BYD throws everything it knows into the Sealion 8, a seven-seat plug-in hybrid SUV designed to make buyers think twice about established family favourites in Australia. It offers something Aussie families have been craving: genuine space, plug-in hybrid efficiency and premium features without the price tag.
A BYD Sealion 8 novated lease through Leaselab makes stepping into this advanced family SUV even easier. Instead of paying upfront, your vehicle and running costs are bundled into convenient payments taken from your pre-tax salary.
Why a BYD Sealion 8 novated lease?
- Serious performance – Dual-motor AWD models produce up to 359kW and 675Nm, delivering sports-car-like acceleration in a large family SUV.
- Electric-first efficiency – The plug-in hybrid system can drive up to 150km on electric power alone, ideal for school runs and daily commuting.
- Seven-seat practicality – Three usable rows provide genuine passenger space, making the Sealion 8 suitable for growing families.
- Packed with technology – A large infotainment screen, advanced safety systems and premium interior materials come standard across the range.
- Smart ownership structure – With a Sealion 8 novated lease, fuel, insurance, servicing and registration can all be bundled into one predictable payment.
Is the BYD Sealion 8 exempt from Fringe Benefits Tax (FBT)?
As a plug-in hybrid rather than a pure electric vehicle, the Sealion 8 doesn't qualify for the federal FBT exemption. However, you'll still enjoy substantial tax savings through salary sacrifice, paying for your vehicle and running costs with pre-tax dollars while reducing your overall taxable income significantly.
Ready to see your potential savings? Use our BYD Sealion 8 novated lease calculator to estimate repayments and explore how salary packaging could make this SUV far more attainable than buying outright.
Quick Quote
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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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Is the BYD Sealion 8 fully electric or a hybrid?
The BYD Sealion 8 is a plug-in hybrid vehicle (PHEV). It combines a petrol engine with electric motors and a rechargeable battery, allowing short daily drives to be completed using electric power alone while keeping petrol available for longer journeys.
Why are plug-in hybrid SUVs becoming popular with families?
Plug-in hybrids offer the flexibility many families want. You can drive short daily trips on electric power to reduce fuel costs, while the petrol engine provides confidence for road trips or regional travel where charging infrastructure may be limited.
Browse all the cars available on a novated lease to find your family car today.
Is it worth owning a BYD Sealion 8 on a novated lease in Australia?
For most employed Australians earning above $60,000, absolutely. You're paying for your vehicle and all running costs using pre-tax income, which reduces your taxable salary and saves thousands annually.
Compare this to buying with after-tax dollars plus loan interest, and novated leasing typically delivers superior value, particularly for higher-spec vehicles like the Sealion 8
How does a Sealion 8 lease price compare to a loan or outright purchase in Australia?
Car loans use after-tax money plus interest charges. Outright purchase drains savings upfront. With novated leasing on the Sealion 8, you save GST on the purchase, pay for fuel and servicing pre-tax, and spread costs predictably.
Even accounting for the residual payment at lease end, most people save $6,000-$12,000 annually compared to traditional financing.
Is BYD better than Tesla?
"Better" depends on your priorities. BYD typically offers more value - the Sealion 8 delivers seven seats, plug-in hybrid flexibility and premium features at accessible pricing in Australia.
Tesla excels at pure electric performance and has the Supercharger network advantage. BYD provides practical family solutions with strong warranties; Tesla offers cutting-edge tech and brand cachet. For families wanting space, versatility and hybrid practicality without Tesla's price premium, BYD is a compelling alternative.
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Save thousands in tax by driving your dream car
