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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.
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.
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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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.
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.
