BYD Seal Novated Lease
Calculate novated lease savings on the BYD Seal ($49,888.00).
Last verified: 2025-07-01 | 2025-26 tax rates
BYD Seal Novated Lease at a Glance
$49,888.00
EV
570 km
82.5 kWh
$0 (exempt)
$4,535.27
BYD Seal Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $696.83 | $8,696.44 | $14,131.71 |
| $85,000.00 | $696.83 | $8,696.44 | $14,131.71 |
| $100,000.00 | $696.83 | $8,696.44 | $14,131.71 |
| $120,000.00 | $696.83 | $8,696.44 | $14,131.71 |
| $150,000.00 | $696.83 | $10,598.78 | $16,034.05 |
BYD Seal Annual Running Costs
| Charging | $580.00 |
| Insurance | $1,300.00 |
| Registration | $800.00 |
| Servicing | $400.00 |
| Total per year | $3,080.00 |
Buying vs Novated Lease: BYD Seal
Comparison for an $85,000 salary over 3 years:
Buying outright
$59,788.00
After-tax dollars
Novated lease
$54,352.73
Pre + post-tax mix
Is the BYD Seal worth it on a novated lease?
The BYD Seal is one of Australia's most popular electric vehicles and makes an excellent choice for novated leasing. As an EV priced under $91,387, it qualifies for the FBT exemption, meaning you pay $0 in Fringe Benefits Tax. This makes the BYD Seal significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $49,888.00, you save $4,535.27 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $14,131.71 on an $85,000 salary.
With a 82.5 kWh battery and 570 km of range, the BYD Seal handles daily commuting with ease. Annual charging costs are approximately $580.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a BYD Seal novated lease cost?
On an $85,000 salary with a 3-year lease, the BYD Seal ($49,888.00) costs approximately $696.83 per fortnight including running costs.
Is the BYD Seal FBT exempt?
Yes, the BYD Seal is FBT exempt as it is an electric vehicle priced under $91,387. You pay $0 FBT on a novated lease until March 2027.
How much can I save on a BYD Seal novated lease?
On an $85,000 salary over 3 years, you can save approximately $14,131.71 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a BYD Seal?
Annual running costs for the BYD Seal are approximately $3,080.00, including charging ($580.00), insurance ($1,300.00), rego ($800.00), and servicing ($400.00).
What is the range of the BYD Seal?
The BYD Seal has a range of approximately 570 km on a full charge with a 82.5 kWh battery pack.
Calculate Your Exact Savings
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