Best EVs for a novated lease in Australia (2026)
- • Novated leasing can cut your after-tax cost if your EV qualifies for the current FBT exemption settings.
- • Price still matters most. A cheaper EV with decent range often wins on fortnightly cost.
- • BYD Seal, Atto 3, Tesla Model 3, and MG4 are all worth shortlist consideration for salary sacrifice.
- • Rules and thresholds can change. Always confirm current ATO guidance and get a live quote before signing.
If you are salary sacrificing an EV, start with total fortnightly cost, not just sticker price. The models below are popular because they balance upfront cost, range, and usable everyday ownership.
Quick comparison: likely novated contenders
| Model | Drive-away from | Real-world range | DC charging | Boot | Est. novated lease |
|---|---|---|---|---|---|
BYD Seal Dynamic | $46,990 | 405 km | 110 kW | 400L | ~$346/fn |
BYD Atto 3 Essential | $39,990 | 304 km | 70 kW | 440L | ~$310/fn |
Tesla Model 3 Premium RWD | $54,900 | 458 km | 170 kW | 681L | ~$385/fn |
MG4 Excite 51 | $36,990 | 301 km | 88 kW | 363L | ~$295/fn |
LIVE DATA: model specs and price come from the site vehicle dataset. Static content: commentary and buyer guidance text on this page.
Novated estimate is indicative only and uses the same assumptions as the report page. Confirm eligibility and exact tax outcomes with your provider.
Why these models keep coming up
BYD Atto 3 and MG4 usually win on affordability. BYD Seal and Tesla Model 3 pull ahead on range and charging pace. Which one is best depends on how much weekly driving you do and how hard you want to push the budget.
If your commute is short and you care about cashflow, lower-priced options often deliver the best salary-sacrifice outcome. If you travel further, paying more for range can still stack up over time.
- • BYD Seal suits drivers who want longer range without jumping straight to premium pricing.
- • BYD Atto 3 is a practical family-first SUV choice at a lower entry point.
- • Tesla Model 3 is usually strongest for charging speed and long-distance convenience.
- • MG4 is often the budget-performance option if you want stronger charging for the money.
| Model | Est. $/fortnight | Est. $/year | Vs cheapest | AC home charge | Battery warranty | Tow rating |
|---|---|---|---|---|---|---|
MG4 Excite 51 | ~$295 | ~$7,670 | Lowest | 8.5 hrs | 7 yrs / 150k km | 500 kg |
BYD Atto 3 Essential | ~$310 | ~$8,060 | +$15/fn | 7.4 hrs | 8 yrs / 160k km | 750 kg |
BYD Seal Dynamic | ~$346 | ~$8,996 | +$51/fn | 9.6 hrs | 8 yrs / 160k km | 1500 kg |
Tesla Model 3 Premium RWD | ~$385 | ~$10,010 | +$90/fn | 6.1 hrs | 8 yrs / 160k km | 1000 kg |
How the novated maths works in plain English
Your lease cost is not just finance. It also includes running costs like rego, charging, insurance, and servicing. The reason people care about EV novated leases is the tax treatment can reduce your effective after-tax cost.
In practice, small differences in finance rate, running-cost assumptions, and residual value can shift your fortnightly number a lot. That is why two quotes for the same car can still look different.
Treat online estimates as a first filter. Use them to shortlist cars, then get a live quote before making the call.
If you want a tailored quote, a specialist can run the exact numbers for your situation.
Get a free novated lease quote →When novated leasing may not suit you
If you change jobs often, or expect to pay the lease out early, check exit terms carefully. Early-exit costs can wipe out savings quickly.
If you drive very low annual kilometres, the value gap versus buying outright can narrow. In that case, compare both paths with real numbers before committing.
What to double-check before signing
Ask for the full quote breakdown. Include finance rate, residual, fees, insurance, and running costs.
Check your employer policy and confirm current ATO rules. Policy settings can change and individual outcomes vary.
Also check delivery timing. A cheaper quote is not always better if the wait time does not work for your plans.
If you are also comparing lower-priced EVs, read our best EVs under $40k guide.
General information only. This page is not financial advice.