# 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 short answer

The BYD Sealion 6 is a plug-in hybrid, so it doesn’t get the electric car FBT exemption on new arrangements: plug-in hybrids stopped qualifying from 1 April 2025. A novated lease can still package the payments and running costs from pre-tax pay, but FBT applies, which shrinks the saving. Compare it with a car loan on the same car.

## 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. [Work it out](https://navo.au/#start).

- **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.

## Related guides

- [The electric car FBT exemption, explained](https://navo.au/guides/electric-car-fbt-exemption/)
- [When a novated lease is not for you](https://navo.au/guides/when-a-novated-lease-is-not-for-you/)
- [Novated lease or car loan: which way to pay?](https://navo.au/guides/novated-lease-vs-car-loan/)

Reviewed 2026-10-07.

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General information only, not tax advice. Check the final law and ATO guidance; prices and versions change. Navo's results are general information and indicative only. They are based on what you tell us and our assumptions, are not a credit assessment, quote or tax advice, and don't take all of your circumstances into account. Credit is subject to the lender's criteria. Fees and charges apply.

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