Novated lease
BYD Atto 3 on a novated lease: what it really costs
Short answer: the updated BYD Atto 3 Evo Dynamic costs A$45,949.75 drive-away in Victoria (postcode 3162) on BYD's own configurator, far below the A$91,661 threshold, so it qualifies for the EV FBT exemption. On our calculator's default assumptions, a 5-year novated lease works out at about A$756 a month before tax, reduces take-home pay by about A$342 a fortnight on a A$120,000 salary, and leaves a A$12,926 balloon. The Evo Premium is A$51,159.75 drive-away and about A$841 a month, and the outgoing Atto 3 Essential is A$43,865.75.
General information, not tax or financial advice. We don't recommend any lease provider.
General information, not tax advice. Rules change and your circumstances differ. Check the ATO sources linked here and speak to a registered tax agent or your employer's payroll team before you decide.
Price by variant and FBT status
| Variant | List price (before on-roads) | Drive-away, VIC 3162 | Under A$91,661 FBT threshold? |
|---|---|---|---|
| Atto 3 Evo Dynamic (FWD) | A$41,990 | A$45,949.75 | Yes |
| Atto 3 Evo Premium (RWD) | A$46,990 | A$51,159.75 | Yes |
| Atto 3 Essential (pre-update) | A$39,990 | A$43,865.75 | Yes |
Drive-away prices are from BYD Australia's online configurator, entered with postcode 3162, private registration, Ski White paint and no accessories, checked 21 October 2026. On-road costs were A$3,959.75 (Evo Dynamic), A$4,169.75 (Evo Premium) and A$3,875.75 (Essential), including stamp duty, registration, CTP, a A$1,100 dealer delivery fee and plates. The Essential is leftover stock of the pre-update model (CarExpert).
An electric car is exempt from FBT on a novated lease if its first retail price is below the luxury car tax threshold for fuel-efficient vehicles, which is A$91,661 for 2026–27 (ATO, LCT thresholds; ATO, Electric cars exemption). Every Atto 3 is also under A$75,000, so it stays clear of the proposed post-April 2027 cap (not yet law; see what happens after March 2027).
Worked lease examples
These use exactly the same maths as our novated lease calculator: a standard loan formula on the full drive-away price, the ATO minimum residual (46.88% for 3 years, 28.13% for 5 years, ATO TD 93/142), 2026–27 tax rates plus the 2% Medicare levy, and no FBT.
Assumptions: interest rate 8% a year, running costs A$4,000 a year (rego, insurance, tyres, servicing and charging) packaged before tax. These are the calculator's default inputs, not a quote. Real providers add fees and usually finance the GST-exclusive price, so your quote will differ.
Atto 3 Evo Dynamic, A$45,949.75 drive-away
| Salary | Term | Lease payment (each month, before tax) | Take-home pay drop (each fortnight) | Balloon (residual) |
|---|---|---|---|---|
| A$80,000 | 3 years | A$908 | A$390 | A$21,541 |
| A$120,000 | 3 years | A$908 | A$390 | A$21,541 |
| A$180,000 | 3 years | A$908 | A$350 | A$21,541 |
| A$80,000 | 5 years | A$756 | A$342 | A$12,926 |
| A$120,000 | 5 years | A$756 | A$342 | A$12,926 |
| A$180,000 | 5 years | A$756 | A$307 | A$12,926 |
Atto 3 Evo Premium, A$51,159.75 drive-away
| Salary | Term | Lease payment (each month, before tax) | Take-home pay drop (each fortnight) | Balloon (residual) |
|---|---|---|---|---|
| A$80,000 | 3 years | A$1,011 | A$422 | A$23,984 |
| A$120,000 | 3 years | A$1,011 | A$422 | A$23,984 |
| A$180,000 | 3 years | A$1,011 | A$379 | A$23,984 |
| A$80,000 | 5 years | A$841 | A$369 | A$14,391 |
| A$120,000 | 5 years | A$841 | A$369 | A$14,391 |
| A$180,000 | 5 years | A$841 | A$331 | A$14,391 |
Atto 3 Essential, A$43,865.75 drive-away: about A$867 a month over 3 years (balloon A$20,564) or A$722 a month over 5 years (balloon A$12,339). Take-home pay drops by about A$331 a fortnight on 5 years at A$80,000 or A$120,000, and A$297 at A$180,000.
The take-home figure includes the A$4,000 of running costs, because those are paid from your pre-tax salary too. A$80,000 and A$120,000 give the same result because both salaries stay in the 30% tax bracket after the deduction.
Run your own numbers: Atto 3 Evo Dynamic, 5 years, A$120k · Atto 3 Evo Premium, 5 years, A$120k · Atto 3 Essential, 5 years, A$120k.
Running costs
Home charging: BYD claims 16.0 kWh/100 km for the Evo Dynamic and 16.4 kWh/100 km for the Evo Premium on the WLTP test (RACV); CarExpert's Evo Premium test car used 18.4 kWh/100 km (CarExpert review). On OVO Energy's EV Plan at 4.5c/kWh from midnight to 6am in Victoria (OVO), the claimed figures work out at about A$0.72 per 100 km (Dynamic) or A$0.74 per 100 km (Premium). Supply charges and rates outside the window are extra. See EV electricity plans in Victoria compared.
What a lease package typically includes: rego and CTP, comprehensive insurance, servicing, tyres, roadside assistance and a charging or electricity budget, all paid from pre-tax salary. A home charger can often be packaged too. Our novated lease inclusions guide lists 25 items to ask about.
Key specs
| Evo Dynamic | Evo Premium | Essential (pre-update) | |
|---|---|---|---|
| Range | 420 km (WLTP) | 510 km (WLTP) | Up to 400 km (test cycle not stated) |
| Battery | 60.48 kWh Blade (LFP) | 74.88 kWh Blade (LFP) | 50.1 kWh Blade (LFP) |
| DC charging (peak) | 110 kW | 220 kW | Not stated on configurator |
| AC charging | 7 kW | 11 kW | Not stated on configurator |
| Drive, power | FWD, 150 kW | RWD, 230 kW | 150 kW |
Sources: BYD Australia configurator (battery, range, power, DC charging), RACV (AC charging).
Atto 3 vs its nearest rivals
Lease figures use the same assumptions as above: 5 years, A$120,000 salary, 8%, A$4,000 running costs.
| Car | Drive-away price | Lease payment (each month, before tax) | Take-home pay drop (each fortnight) |
|---|---|---|---|
| BYD Atto 3 Evo Dynamic | A$45,950 (VIC 3162, BYD) | A$756 | A$342 |
| MG4 Urban Essence 54 | A$34,990 (MG national drive-away) | A$576 | A$285 |
| Geely EX5 Complete | A$45,489 | A$748 | A$339 |
| Kia EV3 Air Standard Range | A$46,990 | A$773 | A$347 |
Geely and Kia prices are from EV Price Tracker Australia (data updated October 2026), which doesn't state the state used, so treat them as a guide and check the maker's site for your postcode. Want more space? See the BYD Sealion 7.
Deals
We only list deals we've verified. BYD's offer terms list a 6% novated lease discount on eligible Atto 3 vehicles, applied to the base list price (not on-road costs), for orders from 1 October to 21 December 2026 delivered by 31 January 2027, processed through an approved fleet management organisation (BYD offers). BYD's configurator currently shows it against the Atto 3 Essential (about A$2,399 off its A$39,990 list price), not the Evo variants, so confirm with BYD or your provider which grades qualify. For other current verified offers, see our Deals page.
FAQ
How much is a BYD Atto 3 on a novated lease?
On our calculator's defaults (8% interest, A$4,000 a year running costs), an Atto 3 Evo Dynamic at A$45,949.75 drive-away costs about A$756 a month before tax over 5 years, or A$908 a month over 3 years. On a A$120,000 salary, take-home pay drops by about A$342 a fortnight over 5 years.
What is the balloon payment on a BYD Atto 3 novated lease?
The ATO minimum residual is 28.13% of the price for a 5-year lease and 46.88% for 3 years. For the Atto 3 Evo Dynamic that's about A$12,926 (5 years) or A$21,541 (3 years).
Is the BYD Atto 3 FBT-exempt?
Yes. Every Atto 3 grade is well under the 2026–27 luxury car tax threshold for fuel-efficient vehicles of A$91,661, so it qualifies for the EV FBT exemption on a novated lease.
What's the difference between the Atto 3 and the Atto 3 Evo?
The Evo is the updated model. The Evo Dynamic has a bigger 60.48 kWh battery and 420 km WLTP range, and the Evo Premium switches to rear-wheel drive with a 74.88 kWh battery, 510 km range and 220 kW DC charging. The older Essential is runout stock.
Sources
- BYD Australia, Atto 3 configurator (VIC 3162 drive-away and specs, checked 21 October 2026): https://bydautomotive.com.au/configurator/byd-atto-3
- BYD Australia, Offers: https://bydautomotive.com.au/offers
- CarExpert, 2026 BYD Atto 3 Evo price and specs: https://www.carexpert.com.au/car-news/2026-byd-atto-3-evo-price-and-specs
- CarExpert, 2026 BYD Atto 3 Evo review: https://www.carexpert.com.au/car-reviews/2026-byd-atto-3-evo-review
- RACV, 2026 BYD Atto 3 Evo price and specs: https://www.racv.com.au/royalauto/transport/electric-vehicles/2026-byd-atto-3-evo-price-specs-release-date.html
- ATO, Luxury car tax rate and thresholds: https://www.ato.gov.au/tax-rates-and-codes/luxury-car-tax-rate-and-thresholds
- ATO, Electric cars exemption: https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax/types-of-fringe-benefits/fbt-on-cars-other-vehicles-parking-and-tolls/electric-cars-exemption
- ATO, TD 93/142 minimum residual values: https://www.ato.gov.au/law/view/document?DocID=TXD%2FTD93142%2FNAT%2FATO%2F00001
- OVO Energy, The EV Plan: https://pages.ovoenergy.com.au/the-ev-plan
- EV Price Tracker Australia: https://evpricetracker.au/
- Image: Alexander Migl, Wikimedia Commons, CC BY-SA 4.0: https://commons.wikimedia.org/wiki/File:BYD_Atto_3_Evo_IMG_7851.jpg
Last checked: 21 October 2026. General information only, not tax, financial, legal or credit advice. We don’t recommend any provider; where businesses are named, it’s for information. See our affiliate disclosure.