NOVATED LEASE & EV OWNERSHIP

BYD Sealion 7 Novated Lease: Australian Buying Guide

The BYD Sealion 7 is a mid-size electric SUV that warrants a variant-specific novated lease assessment.

Reviewed 26 October 2026 · General information only · No finance applications, referrals or personalised tax advice

Photograph of BYD Sealion 7; model year may vary

EV lifestyle

More confidence in the decision. More freedom on the road.

Vehicle photo: Agratsa · CC0

Practical guidance

The decisions behind the drive.

01 / GUIDE

Understand the arrangement

Confirm the current Australian grade, battery, drive-away price, delivery and warranty terms. Equipment and range claims should be matched to the exact model offered.

Explore vehicles

02 / GUIDE

See the full cost

Compare home and public charging, insurance, tyres and servicing with realistic kilometres. Packaged running-cost allowances may differ from actual spending.

Test the costs

03 / GUIDE

Choose your next step

Ask for the lease interest or finance charges, administration fees, residual and employment-change terms, and verify whether the transaction meets ATO FBT eligibility.

Understand FBT conditions

Before you commit

Four things to check.

A headline payroll deduction does not establish the total cost or guarantee a tax saving. Compare the same vehicle and term.

Calculate a scenario

01

Employer eligibility

Confirm your employer supports the arrangement and what happens if employment changes.

02

All finance costs

Ask for the drive-away price, interest and itemised fees.

03

Residual and early exit

Check the end-of-term obligation and termination conditions.

04

Current tax rules

Verify current ATO conditions and your circumstances with qualified professionals.

Continue your EV journey.

EVITAL publishes educational information only. No finance provider applications or referrals are offered on this page. EVITAL does not provide lease quotes, arrange credit, recommend financial products or calculate personal tax outcomes. Confirm current legislation, vehicle eligibility and contract terms with relevant professionals and providers.