<![CDATA[Australian Novated Lease FBT Exemption Breakdown (2026): BYD Sealion 7 vs Seal vs Shark 6 Real Take-Home Pay Numbers]]>With the Australian EV Fringe Benefits Tax (FBT) exemption continuing for battery electric vehicles under the $91,387 LCT threshold (note: PHEVs ended their FBT exemption cutoff on 1 April 2025 unless grandfathered), here is a side-by-side look at actual fortnightly take-home pay impact for a $120,000 gross salary on a 36-month novated lease (15,000 km/yr, self-managed quote):

BYD SHARK Exterior & Platform Overview

1. BYD Seal Dynamic ($51,500 drive-away, 100% FBT Exempt)

  • Net out-of-pocket impact on take-home pay: $248 / fortnight (includes rego, comprehensive insurance, tyres, servicing & charging allowance)
  • Residual balloon at 36 months (46.88%): $22,950 (inc GST)

2. BYD Sealion 7 Design RWD (~$59,800 drive-away, 100% FBT Exempt)

  • Net out-of-pocket impact: $289 / fortnight all-inclusive.

Pro tip: Always ask your novated provider for the bare finance rate (aim for 7.2%–8.1% effective) and source your own comprehensive insurance rather than taking their bundled $2,600/yr policy!

]]>https://bydownersclub.com/topic/565/australian-novated-lease-fbt-exemption-breakdown-2026-byd-sealion-7-vs-seal-vs-shark-6-real-take-home-pay-numbersRSS for NodeFri, 06 Nov 2026 08:32:14 GMTThu, 05 Nov 2026 23:59:07 GMT60<![CDATA[Reply to Australian Novated Lease FBT Exemption Breakdown (2026): BYD Sealion 7 vs Seal vs Shark 6 Real Take-Home Pay Numbers on Fri, 06 Nov 2026 00:54:07 GMT]]>@Logan_Campbell Exactly what I did with RemServ in QLD. Also, don't forget you can claim the home EV charging flat rate of 4.20 cents/km pre-tax through your novated provider just by submitting a photo of your odometer every quarter!

]]>https://bydownersclub.com/post/3050https://bydownersclub.com/post/3050Fri, 06 Nov 2026 00:54:07 GMT<![CDATA[Reply to Australian Novated Lease FBT Exemption Breakdown (2026): BYD Sealion 7 vs Seal vs Shark 6 Real Take-Home Pay Numbers on Fri, 06 Nov 2026 00:22:07 GMT]]>Sourcing your own insurance and unbundling tyre replacement saved me nearly $4,200 over 3 years with Maxxia! You can still reimburse your own insurance receipt pre-tax through your novated lease account within 24 hours.

]]>https://bydownersclub.com/post/3047https://bydownersclub.com/post/3047Fri, 06 Nov 2026 00:22:07 GMT