Drive a BYD Shark from only $219 per week
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A hybrid ute that breaks the mould
The BYD Shark 6 arrived locally in 2024 and made huge waves by bringing a fresh, tech-forward approach to the very popular ute market. Essentially, it's a plug-in hybrid (PHEV) ute, meaning it blends a petrol engine with electric power, giving you a quieter ride yet some seriously punchy performance, which has surprised a lot of people.
Beyond the unique powertrain, BYD is packing the Shark 6 with technology that’s been missing from so many utes. You'll find a big, user-friendly touchscreen and a bunch of advanced driver-assistance features that help when driving on-road or taking an off-road detour. It’s also been tested to be safe with a five-star ANCAP rating. On top of that, it has plenty of power plugs on the inside and outside, and it can even act as a mobile power source, which is pretty handy when camping or on a job site.
Of course, it's also built to handle off-road adventures, with various terrain modes such as snow, sand, mountains and a sturdy build. One thing to note is that Shark 6 comes with 2.5-tonne towing, which may not cut if you tow big. The Shark 6 is stepping into a tough arena with so many well-established utes it needs to compete with. It does this by standing out and offering something different: a modern, hybrid performance, tech-focused ute. So, it's one to watch if you're in the market for a ute and want something that breaks the mould.
A game-changer for utes
With so much performance, technology, comfort and safety on offer in a practical ute body, the Shark 6 has become a bit of an icon.
Features of the BYD Shark Launch Edition Premium AWD.
- 2500kg tow rating
- Vehicle-to-Load (V2L) functionality, providing up to 6kW via 3 power points
- Up to 800km range
- 321kW Max Power and 650Nm max torque
- 0-100km/h in 5.7 seconds
- Priority Access for test drives for NLA clients
- Order via NLA with NO DEPOSIT today
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How does a novated lease work?
Just like other forms of car finance, there are typically a number of payments over a fixed term, with a residual (or balloon) payment due at the end of the lease. Each party to the agreement – employer, employee, and financier – will play a specific role.
The employer
Agrees to make regular, automated payroll deductions from the employee’s pre-tax salary. Our expert team helps set everything up.
The employee
Agrees to pre-tax salary deductions, in exchange for the use of the vehicle. The vehicle can be used for business or entirely for personal use.
The financier
Procures the vehicle, establishes the lease and manages the administrative, contractual and compliance aspects of the transaction.
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Quick-fire novated lease questions
Learn more about how a novated lease works from start to finish. Our expert consultants can also answer any questions, so you can sign up with confidence.
Find my best deal
Is there a minimum salary to get a novated lease?
No, there is no minimum salary to get a novated lease.
Novated leasing approval is dependent on your capacity as a borrower much like traditional finance. This means you need to illustrate your ability to meet regular repayments over the term of the lease.
Chat with one of our experts about how much you may be able to borrow.
How long will my novated lease be?
The term of the lease agreement is completely up to you.
Generally, terms of one to five years are available under a novated lease.
The length of the lease term will determine your repayments and your residual.
What's the minimum and maximum value of car I can get?
The amount you can borrow for a vehicle will vary depending on the lender.
In general, the minimum novated lease amount is $10,000, while higher amounts (up to $500k) are subject entirely to the repayment capacity of the applicant.
Chat with one of our experts about how much you may be able to borrow or check out our novated lease explained guide.
Can you help me get a novated lease anywhere in Australia?
Can I buy a used car with a novated lease?
Yes, you can buy a used car both privately or through a dealership.
Some financiers will allow the vehicle to be up to 15 years of age at least end.
Buying a used car from a dealership will also still see you save the GST on the purchase price. Find out more by visiting used cars through a novated lease
Can I get a novated lease if I work for my own company?
Salary sacrificing a car through a novated lease can be suitable for a business owner who is also an employee of their own company, but it’s only an option if the business owner is receiving a salary from the company they own.
If you are planning to leave your current employment to start your own business, you can transfer your novated lease, provided you are paying yourself a salary.
If you are self-employed – i.e. are not paid a salary or paying yourself a salary through your own company – you will need to look at alternative forms of vehicle finance.
What happens at the end of a novated lease?
You have a few options available at the end of your novated lease term:
Upgrade - most of our customers tend to upgrade their vehicle, your expert consultant can help you find the right upgrade for you and even help you sell your current vehicle to help pay out the residual. If the sale price is higher than the residual, you keep that profit - tax-free!
Extend - If you want to keep the same car and continue enjoying the tax savings, we can help you refinance the residual amount for another term of your choice.
Own outright - Pay the residual amount (including GST) at the end of the lease term to own the car outright
What happens if I leave my current job during a novated lease?
If you leave your job during the term of your novated lease, you will still be responsible for making the finance repayments on the vehicle.
The lease will be de-novated, where the running costs are removed from the agreement and repayments work much the same way as a standard car loan.
If you are going to a new employer who offers novated leasing as an employee, you may be able to transfer your novated lease over under a re-novation, or request Novated Lease Australia set up as a partner.
See your savings with a BYD Shark novated lease
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