BYD Shark 6 Finance Options Australia: Complete Guide
Compare car loans, novated leases, and payment plans to find the best way to finance your BYD Shark 6 electric ute.
Understanding BYD Shark 6 Pricing
The BYD Shark 6 is priced competitively in the Australian electric ute market, with the base model starting around $57,900 drive-away. While this represents excellent value for a plug-in hybrid ute with 2500kg towing capacity, many buyers explore finance options to manage the upfront cost.
Typical Price Range
BYD Shark 6: $57,900 - $65,000 drive-away (depending on variant and dealer)
Popular Finance Options for Australian Buyers
The most straightforward option. Borrow the purchase price and repay over 3-7 years with fixed or variable interest rates.
Typical Terms:
- Interest rates: 6-12% p.a. (depending on credit score)
- Loan terms: 3-7 years
- Deposit: 10-20% recommended
- Monthly repayments: ~$900-$1,200 (5-year term, $60,000 loan)
Pay for your BYD Shark 6 using pre-tax salary, reducing your taxable income. Popular with employees who have access to salary packaging.
Key Benefits:
- Pay with pre-tax dollars (significant tax savings)
- Running costs included (fuel, insurance, servicing)
- GST savings on purchase price
- Potential savings: $5,000-$10,000+ per year
Designed for businesses and sole traders. You own the vehicle from day one and claim tax deductions on interest and depreciation.
Business Benefits:
- Claim GST on purchase price (if registered for GST)
- Tax deductions on interest payments
- Depreciation deductions (instant asset write-off may apply)
- Balloon payment options to reduce monthly costs
Electric Vehicle Finance Incentives
As a plug-in hybrid electric vehicle (PHEV), the BYD Shark 6 may qualify for certain state-based incentives and exemptions that can reduce your total cost of ownership:
State Incentives (as of 2025):
- NSW: Stamp duty exemption for EVs under $78,000 (check PHEV eligibility)
- VIC: $3,000 subsidy for eligible zero and low emission vehicles
- QLD: Registration duty exemption for EVs under $58,000
- ACT: Zero stamp duty and two years free registration for EVs
Note: Incentives change regularly. Check your state government website for current eligibility and amounts.
Tips for Getting the Best Finance Deal
Compare Multiple Lenders
Don't accept the first offer. Compare rates from banks, credit unions, and specialist car finance providers. Even a 1% difference in interest rate can save thousands over the loan term.
Consider a Larger Deposit
A 20% deposit typically unlocks better interest rates and reduces your total interest paid over the loan term. For a $60,000 Shark 6, that's $12,000 upfront.
Factor in Running Cost Savings
The Shark 6's lower fuel costs (especially with home charging) can offset higher monthly repayments. Calculate your total cost of ownership, not just the purchase price.
Watch Out for Hidden Fees
Application fees, monthly account fees, early repayment penalties, and balloon payment fees can add up. Read the fine print and ask about all costs upfront.
Next Steps: Calculate Your Finance Options
Ready to see if the BYD Shark 6 matches your needs? Use our calculator to get your personalised match score based on your towing, travel, and payload requirements.
Finance comparison tools coming soon: We're partnering with leading finance providers to help you compare loan options and find the best deal for your situation.
Disclaimer: This guide provides general information only and should not be considered financial advice. Interest rates, loan terms, and incentives are subject to change. Always consult with a qualified financial advisor and compare multiple lenders before making a finance decision. Shark Match may earn commissions from finance providers featured on this site.