BYD Sealion 6 novated lease: what you need to know
The Sealion 6 is a plug-in hybrid SUV: it has a petrol engine as well as a battery. That matters for a novated lease, because plug-in hybrids no longer get the FBT exemption on new arrangements. This page covers what matters for a novated lease on the Sealion 6, and the examples open it in the Navo engine for your figures.
The FBT position for the Sealion 6
Plug-in hybrids stopped qualifying for the FBT exemption from 1 April 2025 for new arrangements. On a lease, FBT is usually covered by a post-tax contribution, which takes back part of the saving.
Novated lease or car loan for a Sealion 6?
Suits: Drivers who want a plug-in hybrid for long trips, and are comparing it with a fully electric SUV.
Without the exemption, the lease saving is smaller, and a car loan can come close or cost less. It depends on your income and how far you drive.
What to check before you sign
- The exact version and its drive-away price.
- That the version is classed as a plug-in hybrid (or range extender), not fully electric.
- 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 Sealion 6 on a novated lease
Salary packaging at work, owning the car at the end. Add the drive-away price of your version.
A BYD Sealion 6 with no packaging at work
No salary packaging available: see the car loan. Add the drive-away price.
Questions
Can I still get the FBT exemption on a Sealion 6?
Not on a new arrangement. Plug-in hybrids stopped qualifying from 1 April 2025; only arrangements in place before then continue. A lease still packages the payments and running costs, but FBT applies.
Do I need my employer’s agreement for a Sealion 6 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.