The Geely EX5 brings with it the launch of the Chinese automotive giant to Australian shores, starting with a well-rounded new electric SUV. This mid-sized EV is set to disrupt the market with its sharp pricing and is jam-packed with features, positioning itself as a value benchmark to existing EV models.
Designed with stylish looks in mind, the EX5 has a clean and modern outside, including sleek LED lighting and flush door handles. On the inside it's big on space and practical design, making it a top family-friendly option in a crowded part of the growing EV market.
Geely has bought the EX5 with value for family car buyers in mind, offering two easy to choose variants: Complete and Inspire. Both variants provide a massive amount of standard features, aiming to deliver a premium feel without the premium EV price tag.
The EX5 comes with a single electric motor driving the front wheels, delivering a respectable 160 kW of power and 320 Nm of torque. This powertrain makes it quite zippy around town thanks to its quick acceleration, with 0-100 km/h sprint time of around 7 seconds. That's plenty around the suburbs or when highway driving.
The EX5 also has Geely's "Short Blade Battery" which is quite an efficient 60.22 kWh Lithium Iron Phosphate (LFP) pack. This battery provides a WLTP range of up to 430 km for the Complete variant and 410 km for the Inspire, delivering plenty of range for daily trips around town or even road trips.
While AC charging at 11 kW is good, the DC fast charging capacity is limited to 100 kW, meaning a 20-80% charge takes around 28 minutes. It's not a deal breaker given at the price point, it also comes with Vehicle-to-Load (V2L) capabilities, helping you power many things when camping around towns. This value packed EV is really one to shortlist.
Engine | ELECTRIC |
---|---|
Transmission | 1 SP AUTOMATIC |
Body Type | 5D WAGON |
Variants | COMPLETE, INSPIRE |
Variants | Price (ex On Road Costs) |
---|---|
COMPLETE | $40,990 |
INSPIRE | $44,990 |
The Geely EX5 is a major new player in Australia's growing EV market. It offers a great mix of value, roomy inside, and packed with features. While its DC charging speed and initial lack of smartphone mirroring are small things to note, its amazing pricing, comfy ride, and well-packaged warranty make it a top pick for those wanting an affordable and practical electric SUV. All this makes the EX5 excellent value for money in the current family car market.
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 dealIs 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.