BYD Atto 3 novated lease: what you need to know
The Atto 3 was the car that brought BYD to Australia, and it remains one of the more affordable electric SUVs. This page covers what matters for a novated lease on the Atto 3, and the examples open it in the Navo engine for your figures.
The FBT position for the Atto 3
The range is priced at the more affordable end of the market, so most versions are likely to be under the lower threshold. Check your exact version and its price.
Under the announced changes, a version under the lower threshold keeps the full exemption for commitments made before 1 April 2029. Above it, only commitments made before 1 April 2027 keep it; after that, a partial discount applies. These changes are not law yet.
Novated lease or car loan for a Atto 3?
Suits: Buyers who want an electric SUV at a lower price point, and first-time electric car owners.
On an exempt electric car a novated lease often costs less than a loan, especially on higher incomes. A loan can still suit if your employer doesn’t package, your income is lower, or a job change is likely.
What to check before you sign
- The exact version and its drive-away price.
- Where that price sits against the lower threshold and the luxury car tax threshold.
- When you commit and when the car will be provided.
- What happens to the lease if you change jobs.
- The residual at the end, and what the car is likely to be worth.
Worked examples
Open an example in the Navo engine, add your own income, and see the figures for every way to pay.
A BYD Atto 3 on a novated lease
Salary packaging at work, owning the car at the end. Add the drive-away price of your version.
A BYD Atto 3 with no packaging at work
No salary packaging available: see the car loan. Add the drive-away price.
Questions
Is an affordable electric car still worth a novated lease?
Often yes, because the FBT exemption means most of the lease and running costs come from pre-tax pay. On a lower income the saving is smaller, so compare a car loan too.
Do I need my employer’s agreement for a Atto 3 novated lease?
Yes. Your employer signs the lease agreement and runs the deductions through payroll. Any employer can, and our partner millarX can set it up with them.
What if I change jobs during the lease?
The lease can move to your new employer if they package it, or the payments come back to you. From 1 April 2029 a lease moved to a new employer may get only the partial discount.
Reviewed 7 October 2026. General information only, not tax advice. Check the final law and ATO guidance; prices and versions change.