BYD Novated Lease
Turn your BYD dreams into reality
Get a great deal on a BYD
BYD – or ‘Build Your Dreams’ - is one of the latest electric vehicle manufacturers to hit the Australian market. BYD cars are known for their impressive driving range, fun designs and cheaper price tag compared to their competitors.
Thinking about a BYD electric vehicle? Your timing couldn’t be better. Thanks to the Federal Government EV Discount, the affordability of eligible electric and plug-in hybrid vehicles is improving for working Australians. Through novated leasing, you could be paying for a car using pre-tax dollars, potentially saving you thousands on tax over the lifetime cost of the car.
What is novated leasing?
A novated lease is a three-way agreement between you, your employer, and a finance company that allows you to lease a car. Your employer deducts money from your before-tax and/or after-tax pay to cover vehicle payments and running costs, which could help to reduce your taxable income, and in turn, increase your disposable income.
Take advantage of the EV Discount
Ordinarily, under a novated lease vehicle you are required to pay some Fringe Benefits Tax (FBT). However, with the Federal Government EV Discount, eligible electric vehicles up to the Luxury Car Tax threshold of $91,387 are FBT-free! This means that 100% of payments made towards your lease and running costs using your pre-tax salary are FBT-free.
The BYD Shark 6 is Australia's first plug-in hybrid ute.
BYD News: BYD reveals details for Seal sedan
Italian brand adds some pint-sized pizazz to electric cars with its cute 500e. The Fiat 500 is a big car in Europe. No, the retro-cute, city-sized hatchback isn’t physically any larger, but it is hugely popular among urban trendsetters in fashion-focused cities like Milan, Paris, London, and Rome.