Geely · SUV

Geely EX5 novated lease and the FBT cliff

908days left to commit,
under the draft
Last day: 31 March 2029

Treasury draft · not law yet

Electric carVariant

Car’s value for FBT ($, incl. GST)Maker's list price before on-road costs. Add dealer delivery and any options you choose.

Salary ($ a year)Before tax and packaging, from $45,000.Lease term

How the estimate works

Without a concession, FBT’s statutory formula makes 20% of the car’s value taxable each year.
Novated leases clear that by moving the same amount from pre-tax to after-tax pay.
The saving is the 2026–27 income tax and Medicare levy you avoid on that amount.

Tax the exemption saves

$2,690 a year

Full exemption to 31 Mar 2029 under the draft. Estimate only. General information, not tax advice.

Breakdown

Under $75,000Geely EX5 Complete

Under the draft, the full exemption lasts for commitments until 31 March 2029.

$2,690 a year

Estimated tax the exemption saves you compared with a car that gets no FBT concession. Commit from 1 April 2029 and that drops to $670 a year: $6,050 less over a 3-year lease.

908 days left to commit by 31 March 2029

$41,990

$25,000$75,000$91,661$125,000+

Up to $75,000: full exemption for commitments until 31 Mar 2029$75,001 to $91,661: full exemption only if you commit by 31 Mar 2027Over $91,661: no FBT concession

Estimated tax effect by when you commit to the lease

If you commit	DiscountFBT discount	Saved a yearTax saved a year
By 31 Mar 2027	100%	$2,690
Apr 2027 – Mar 2029	100%	$2,690
From Apr 2029	25%	$670

Reportable fringe benefits: about $15,850 a year would appear on your income statement if you commit by 31 March 2027. It isn’t taxed, but income tests such as HELP repayments and the Medicare levy surcharge count it.

Estimate only. General information, not tax advice. It uses 2026–27 tax rates and the FBT statutory formula, and assumes you pay an after-tax contribution to clear any FBT. The rules for commitments from 1 April 2027 are a Treasury exposure draft, not law, and may change. Confirm your numbers with your employer, your novated lease provider or a registered tax agent.

Updated 3 Oct 2026 · every figure links to its source · Some links are referral links; that never changes the order.

Every Geely EX5 is under $75,000: full FBT exemption on a novated lease committed to by 31 March 2029, under the Treasury draft.

$25,000$75,000$91,661$125,000+

Up to $75,000: full exemption for commitments until 31 Mar 2029$75,001 to $91,661: full exemption only if you commit by 31 Mar 2027Over $91,661: no FBT concession

What to know about the Geely EX5

Geely's mid-size electric SUV has climbed to third among electric-only models in this year's sales figures, behind the Model Y and Sealion 7, and its prices explain a lot of that: $41,990 for the Complete and $45,990 for the Inspire before on-road costs, with dealer delivery listed separately.

Geely quotes 475 km for the Complete and 450 km for the Inspire on the WLTP cycle but doesn't publish the battery size on its configurator. For FBT it is a straightforward case, tens of thousands of dollars clear of the first line, so the yearly saving depends on your salary and its price rather than on any date.

Against the Sealion 7 Premium, the EX5 Inspire costs about nine thousand dollars less, so its yearly FBT saving is smaller in dollars; that is the trade for a smaller lease payment. Geely was also including a home wall charger with new EX5 stock in October 2026.

Geely EX5 variants against the lines

Geely EX5 at a $100,000 salary

Variant	Maker's price	Where it sits	By 31 Mar 2027	Apr 2027 – Mar 2029	From Apr 2029	Price source
Complete	$41,990before on-roads	Under $75,000	$2,690	$2,690	$670	Geely, 3 Oct 2026
Inspire	$45,990before on-roads	Under $75,000	$2,940	$2,940	$740	Geely, 3 Oct 2026

Estimated income tax and Medicare levy saved each year compared with a car that gets no FBT concession. “Close” means within $3,000 of a line, where dealer delivery, options or on-road costs can move the car across it.

Tax saved a year on the Complete, by salary

Complete, $41,990

Salary	By 31 Mar 2027	Apr 2027 – Mar 2029	From Apr 2029	Missing the deadline, 3-year lease
$60,000	$2,810	$2,810	$700	$6,330
$90,000	$2,690	$2,690	$670	$6,050
$120,000	$2,690	$2,690	$670	$6,050
$160,000	$3,280	$3,280	$820	$7,370
$220,000	$3,950	$3,950	$990	$8,880

The last column is the extra tax over a three-year lease from committing just after 31 March 2029 instead of just before. Salaries between $45,000 and $66,667 can show a slightly bigger figure than higher ones, because the low income tax offset phases out across that range.

About these prices

10,737 Geely EX5s were sold in Australia from January to August 2026. (CarExpert Sales Atlas, VFACTS and EV Council data, checked 3 October 2026)
Geely's configurator lists a $900 dealer delivery fee separately from this price. (Geely Australia, checked 3 October 2026)
Prices are the maker’s own: before on-road costs. The value FBT uses includes dealer delivery and options but not registration, stamp duty or CTP.

Getting a quote for a Geely EX5

Check that your employer offers novated leasing, then ask a provider to quote the exact car, with delivery and options, and to confirm the date your commitment becomes binding. These providers offer novated leases; we list them alphabetically and don’t rank them.

Carbar (opens in a new tab) Referral link: we may earn a commission. It never changes the order.
Maxxia (opens in a new tab) Referral link: we may earn a commission. It never changes the order.
Oly (opens in a new tab) Referral link: we may earn a commission. It never changes the order.
RemServ (opens in a new tab) Referral link: we may earn a commission. It never changes the order.
Smart (opens in a new tab) Referral link: we may earn a commission. It never changes the order.

We compare only the 5 providers listed here, not the whole market.