MG 4 vs BYD Dolphin — Novated Lease Comparison
Side-by-side novated lease comparison of the MG 4 and BYD Dolphin. Specs, costs, savings, and a clear winner.
Specs Comparison
| Spec | MG 4 | BYD Dolphin |
|---|---|---|
| Price | $38,990.00 | $38,890.00 |
| Type | EV | EV |
| Battery | 64 kWh | 44.9 kWh |
| Range | 450 km | 427 km |
| FBT Status | Exempt | Exempt |
Novated Lease Costs at $80K Salary
| MG 4 | BYD Dolphin | |
|---|---|---|
| Fortnightly Deduction | $394.15 | $397.23 |
| Annual Lease Cost | $10,248.00 | $10,328.00 |
| Annual Tax Saving | $3,279.36 | $3,304.96 |
| Annual GST Saving | $708.91 | $707.09 |
| FBT Cost/yr | $0 (exempt) | $0 (exempt) |
| Net Annual Saving | $3,988.27 | $4,012.05 |
| 5-Year Total Saving | $19,941.35 | $20,060.25 |
Running Costs Comparison
| Cost | MG 4 | BYD Dolphin |
|---|---|---|
| Fuel/Charging | $600.00 | $600.00 |
| Insurance | $1,100.00 | $1,200.00 |
| Registration | $350.00 | $350.00 |
| Servicing | $400.00 | $400.00 |
| Total/yr | $2,450.00 | $2,550.00 |
Verdict
The BYD Dolphin wins on novated lease value, saving $4,012.05 per year vs $3,988.27 for the MG 4. Over 5 years that is $20,060.25 in total savings. The FBT exemption is a major factor.
Related Pages
Frequently Asked Questions
Which is cheaper to novated lease — MG 4 or BYD Dolphin?
The BYD Dolphin is cheaper to lease. On an $80K salary, the MG 4 costs $394.15 fortnightly vs $397.23 for the BYD Dolphin.
Which saves more on tax — MG 4 or BYD Dolphin?
The BYD Dolphin delivers higher tax savings because it has a lower annual lease deduction, reducing more of your taxable income.
Are both the MG 4 and BYD Dolphin FBT exempt?
The MG 4 is FBT exempt. The BYD Dolphin is FBT exempt.
Which has lower running costs?
The MG 4 has lower annual running costs at $2,450.00/year vs $2,550.00/year.
Which car should I novated lease?
If budget is the priority, go with the BYD Dolphin. Consider range (450 km vs 427 km), boot space, and your daily driving needs too.
Want exact numbers for your situation?
Use our full novated lease calculator with your exact salary, car price, and lease term.
Open Novated Lease CalculatorEstimates based on 2025-26 Australian tax rates. Actual savings depend on your employer arrangement, residual value, and exact running costs. Car prices are drive-away estimates and may vary by dealer. This is general information only, not financial advice. Consult a financial adviser for personal guidance.