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.

Absolutely! A novated lease for a BYD Shark 6 offers smart financial advantages by using your pre-tax income to cover repayments, lowering your taxable salary and putting more money back in your pocket. Plus, you can roll ongoing costs like servicing, maintenance and charging into the lease for streamlined budgeting. 

As a plug-in hybrid electric vehicle (PHEV), the BYD Shark 6 is also eligible for a Fringe Benefits Tax (FBT) exemption, adding even more savings to the equation. With these benefits, leasing a BYD Shark can be a cost-efficient alternative to outright purchase.

You've got three flexible options when your lease term ends:

• Sell and upgrade: Trade in the Shark 6 (often for more than the residual value), pocket any profit tax-free and roll into a new novated lease. 
• Pay the residual and keep it: Own the ute outright by paying the balloon payment. 
• Refinance the residual: Start a fresh novated lease on the remaining amount and keep the tax savings flowing. 

The residual is typically lower than market value, giving you flexibility regardless of which path suits you best.

While there's no hard minimum, you generally need enough taxable income to cover the lease payments through salary sacrifice. Most lenders look for around $50,000+ annual salary for a vehicle in the Shark 6's price range ($57,900). The higher your income and tax bracket, the more you'll save through novated leasing. Check out our Shark 6 novated lease calculator, where you can plug in your salary to see what your weekly payments might be. When you’re ready to start, we'll assess your specific situation to ensure the numbers work favourably for you.

The Shark 6's 29.6kWh battery delivers a genuine 80km of electric-only driving range,  perfect for most daily commutes without burning any petrol. The vehicle reserves 25% battery capacity as a safety buffer, automatically switching to hybrid (HEV) mode after 80km to maintain power reserves. 

This means you can't fully drain the battery, but you always have those powerful twin electric motors available rather than relying solely on the 1.5L petrol engine. For many Australian families doing the school run and daily errands, an 80km electric range means you could go days without using petrol if you charge at home overnight.

Charging times are refreshingly quick for a plug-in hybrid ute:

Using a 7kW AC home wallbox, you can charge from 25% to 100% in about 3 hours and 15 minutes — ideal for overnight charging at home.

With a 55kW DC fast charger, the same 25% to 100% charge takes just 25 minutes, making it perfect for quick top-ups during road trips.

Most Shark 6 owners charge at home overnight using a standard wallbox, waking up to a full battery every morning.  

The relatively small 29.6kWh battery means charging is faster and cheaper than full EVs. Through your novated lease, charging costs can be bundled in and paid with pre-tax dollars for additional savings.

The Shark 6's closest rivals are the Isuzu D-Max, GWM Cannon Alpha and Ford Ranger - though it's important to understand the Shark 6 plays a different game.

• Powertrain: Shark 6 is the only plug-in hybrid ute in Australia (1.5L petrol + twin electric motors), while rivals are diesel-powered
• Performance: 321kW combined output beats even the Ranger Raptor for acceleration
• Towing: 2500kg capacity vs 3500kg for most diesel utes
• Off-road: Shark 6 is more soft-roader than a hardcore 4x4 due to independent suspension and no low-range transfer case

Bottom line: If you need serious towing (3000kg+) or challenging off-road capability, stick with diesel utes. But if your "ute life" is mostly urban commuting, family duties and occasional light towing, the Shark 6 offers unmatched value.

Absolutely! Sole traders can definitely access novated leasing for a BYD Shark 6, though the structure works slightly differently than for traditional employees. You'll need to set up the arrangement through your business with proper PAYG withholding in place. The tax benefits can actually be quite attractive for sole traders, particularly if you're using the ute for business purposes.

Get in touch, and we'll structure the best solution for your business and personal circumstances.