MG S6 EV Lands in Australia: What Novated Lease Buyers Need to Know
MG S6 EV is priced under $50K with 500km+ range. Here's what that means for novated leasing, FBT exemption eligibility, and your take-home pay. Read on.
MG has confirmed Australian pricing and specifications for its new S6 EV mid-size SUV, positioning it as a direct rival to the Tesla Model Y — and doing so at a price point under $50,000 with a claimed range of more than 500km (EVcentral, May 2025).
For anyone considering a novated lease, that combination of price and powertrain matters — a lot. Here's the plain-English version of why.
What this means for novated lease customers
Under the current FBT exemption for eligible zero- and low-emission vehicles, battery electric vehicles priced below the luxury car tax threshold (currently $91,387 for fuel-efficient vehicles in 2024–25) can be packaged through a novated lease with no fringe benefits tax applied to the private-use component. The MG S6 EV, priced well under that threshold, would sit comfortably inside the exemption — meaning you pay for the car from your pre-tax salary, reducing your taxable income.
A mid-size EV under $50K with 500km+ of range is a meaningful option for PAYG employees who want the practicality of an SUV without stretching to a Model Y or waiting on a BYD Sealion 6. More competition in this segment generally means better residual value stability and easier access to servicing — both of which matter when you're committing to a three- or five-year lease term.
That said, the S6 EV is newly announced and not yet in showrooms. Before you lock in a deal, confirm the final drive-away price with the dealer, check that the variant you want is on your employer's approved vehicle list, and get a proper comparison quote — not just a dealer finance offer.
Common questions
Is the MG S6 EV eligible for the FBT exemption on novated leases?
Based on current information, the S6 EV is a battery electric vehicle priced under the luxury car tax threshold, which are the two key eligibility tests under the current FBT exemption. Confirm the exact on-road price and delivery date with your employer and a licensed novated lease provider before signing anything.
How does the MG S6 EV compare to the Tesla Model Y for novated leasing purposes?
Both vehicles are likely to be FBT-exempt under current rules. The S6 EV's lower list price means a smaller amount being financed, which can translate to lower fortnightly salary deductions — though the actual figure depends on your income, lease term, and residual. Use a live calculator rather than rough estimates.
Can I novated lease a car that isn't available yet?
Yes — many lessees arrange finance before delivery. The FBT exemption applies from the date the car is first held and used, so timing matters. Speak to a novated lease provider early so paperwork is ready when the vehicle lands.
What running costs can I include in the novated lease package?
A fully maintained novated lease typically bundles registration, insurance, servicing, and charging costs (treated as fuel) into the pre-tax deduction. Ask your provider for an itemised budget — don't accept a single 'all-in' number without seeing the breakdown.
Is the FBT exemption guaranteed to last the full lease term?
No. The exemption is legislated but can be changed by future governments. millarX always recommends customers understand what their repayments look like if the exemption were removed — so there are no surprises if the rules change mid-lease.