Leapmotor · SUV

Leapmotor B10 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 drive-away price. Your value for FBT is lower: take off registration, stamp duty and CTP.

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

$2,500 a year

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

Breakdown

Under $75,000Leapmotor B10 Style

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

$2,500 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 $620 a year: $5,610 less over a 3-year lease.

908 days left to commit by 31 March 2029

$38,990

$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%	$2,500
Apr 2027 – Mar 2029	100%	$2,500
From Apr 2029	25%	$620

Reportable fringe benefits: about $14,710 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 Leapmotor B10 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 Leapmotor B10

Leapmotor prices the B10 drive-away for postcode 2000: $38,990 for the Style and $41,990 for the Design Long Range, in white with no options. Its calculator shows no separate stamp duty, registration or delivery charges, so the drive-away figure is the whole price and the value FBT counts is lower still.

Leapmotor quotes range on the older NEDC cycle rather than WLTP, so we leave range out instead of setting unlike figures side by side; the batteries are 56.2 kWh and 67.1 kWh. Premium paint costs extra, and Leapmotor was including a home wall charger with new B10s to the end of 2026.

Priced between the Atto 3 and the MG S5, the B10 is another car where the tax answer is settled and the comparison is about the car itself and the provider's fees.

Leapmotor B10 variants against the lines

Leapmotor B10 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
Style	$38,990drive-away, 2000	Under $75,000	$2,500	$2,500	$620	Leapmotor, 3 Oct 2026
Design Long Range	$41,990drive-away, 2000	Under $75,000	$2,690	$2,690	$670	Leapmotor, 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 Style, by salary

Style, $38,990

Salary	By 31 Mar 2027	Apr 2027 – Mar 2029	From Apr 2029	Missing the deadline, 3-year lease
$60,000	$2,610	$2,610	$650	$5,880
$90,000	$2,500	$2,500	$620	$5,610
$120,000	$2,500	$2,500	$620	$5,610
$160,000	$3,040	$3,040	$760	$6,840
$220,000	$3,670	$3,670	$920	$8,250

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

677 Leapmotor B10s were sold in Australia from January to August 2026. (CarExpert Sales Atlas, VFACTS and EV Council data, checked 3 October 2026)
Leapmotor's drive-away price in white with no options; premium paint adds $990. (Leapmotor Australia, checked 3 October 2026)
Prices are the maker’s own: drive-away for postcode 2000. The value FBT uses includes dealer delivery and options but not registration, stamp duty or CTP.

Getting a quote for a Leapmotor B10

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.