Geely EX5: The Affordable Electric SUV Built for Novated Lease Drivers

The Geely EX5 is shaping up to be one of the most affordable electric SUVs in the Australian market. For workers looking at novated leasing as a way to drive an EV without big upfront costs, this model could be a key player in 2025.

With the Federal Government offering Fringe Benefits Tax (FBT) exemptions for electric vehicles under $89,332, the Geely ex5 electric car fits neatly under this cap. This makes it a strong choice for employees who want to package their next EV with minimal post-tax deductions.

What Is the Geely EX5?

The Geely EX5 is an electric mid-size SUV produced by Geely Auto, the Chinese parent company behind Volvo, Polestar, and Lotus. While it hasn’t officially launched in Australia yet, it’s already being tested in global markets and is expected to hit local dealerships in 2025.

It’s being pitched as a budget-friendly electric SUV, designed to meet entry-level EV needs with usable range, practical dimensions, and simple onboard tech.

Key Features of the Geely EX5

Based on international reviews and pre-release specs, here’s what we know so far:

• Electric motor output of around 120kW

• Battery capacity of 52–60 kWh (variant-dependent)

• Claimed range of 400–450km (NEDC)

• Front-wheel drive

• Five-seat layout with fold-flat rear row

• DC fast charging support (up to 80kW)

• Infotainment screen approx. 12 inches

• Reversing camera and driver assist features (base trim)

These features position the EX5 as a no-frills EV designed for commuters, fleet use, and first-time EV drivers.

Geely EX5 Price: What to Expect in Australia

While the final Geely Ex5 price in Australia isn’t confirmed, estimates based on overseas launches suggest a driveaway price between $38,000 and $46,000. This puts it well under the FBT exemption threshold for EV novated leases.

At this price point, the Geely Ex5 Australia becomes one of the lowest-cost electric novated lease options alongside BYD Dolphin, GWM Ora, and MG4.

For employees with salary packaging access, this low RRP means:

• The entire lease cost can be structured pre-tax

• Running costs (charging, tyres, servicing) can be bundled

• No FBT if leased under the current exemption rules

This makes the Geely Ex5 novated lease an option with very little out-of-pocket tax liability compared to petrol cars.

Geely EX5 Dimensions and Cabin Space

The Geely EX5 dimensions are close to other mid-size SUVs in Australia. These make it suitable for workers who want a city-ready car with enough space for family or work gear.

• Length: approx. 4,600 mm

• Width: approx. 1,850 mm

• Height: approx. 1,680 mm

• Wheelbase: approx. 2,700 mm

• Boot space: ~430L with seats up

The second row has ISOFIX anchor points and a flat floor, giving more legroom than traditional ICE SUVs with a central tunnel.

Geely EX5 Interior: What You Get Inside

While final trim levels for Australia haven’t been confirmed, overseas versions of the Geely EX5 interior include:

• Synthetic leather seats in mid/upper trims

• Touchscreen infotainment with Apple CarPlay

• Digital instrument cluster

• Steering wheel controls

• Single-zone climate control

• Rear air vents

• Foldable rear seats

The focus is simplicity, but the EX5 doesn’t cut corners where it matters for daily use. Lease customers looking for a second car or city commuter vehicle will find this layout practical and comfortable for both work and family driving.

Geely Australia: Is the EX5 Coming Soon?

Geely Australia has not launched its passenger car range officially, but sources confirm a launch is imminent. The EX5 is expected to be one of the first Geely models to be offered to private and fleet customers locally.

Once it’s here, the Geely EX5 australia version will likely be offered via selected dealer partners or online ordering platforms, similar to how other Chinese brands have entered the Australian market.

For novated lease clients, this means you’ll be able to source the EX5 through authorised channels and package it like any other EV.

If your employer restricts lease vehicles to dealer-sourced stock, check in advance that Geely has supply through approved leasing networks. Novated Finance Australia can help with this step.

How the Geely EX5 Fits a Novated Lease

Here’s how the Geely EX5 works inside a novated lease:

Tax Benefits

• FBT-exempt under current EV salary packaging rules

• Reduces your taxable income

• Running costs paid pre-tax

Included Costs

• Vehicle repayments

• Registration

• Tyres

• Insurance

• Charging (reimbursed or card-based)

• Servicing

Suitable Use Cases

• Employees in metro or inner metro areas

• Drivers doing <25,000 km/year

• Workers who want to reduce fuel costs

• People use a second car for personal + business travel

The Geely EX5 electric car offers low-cost leasing that suits many first-time EV drivers or employees moving away from petrol vehicles.

Geely EX5 Review: What Early Drivers Are Saying

While Australia doesn’t yet have local reviews, overseas test drivers have highlighted:

• Range accuracy: Actual range matches claimed figures in mixed traffic

• Interior quality: Clean layout, no major complaints for budget EV

• Ride comfort: Firm but smooth for daily driving

• Charging speed: Acceptable for weekend top-ups and city use

• Infotainment: Simple and responsive, but not premium

The Geely Ex5 review consensus is that it’s an affordable entry to electric driving—not flashy, but reliable for commuting and errands.

Comparing Geely EX5 to Other EV Lease Options

Here’s how the EX5 stacks up against similar novated lease-ready EVs:

Model	Range (km)	Price Estimate	Charging	FBT Status
Geely EX5	~450	$38K–$46K	80kW DC	Exempt
MG4 Excite	~450	$44K	140kW DC	Exempt
BYD Dolphin	~410	$39K	80kW DC	Exempt
GWM Ora	~420	$41K	80kW DC	Exempt

The EX5 fits neatly into this group, with most novated lease quotes expected under $250–$270/week all-inclusive, depending on lease term and distance.

Things to Watch Before Leasing the EX5

Before signing up for a Geely Ex5 novated lease, consider:

• Is the brand accepted by your employer’s packaging policy?

• Is service support confirmed in your state or region?

• Will the battery warranty apply to leased vehicles?

• Do you plan to lease for 3 or 4 years? This affects residuals.

Check these early with your lease consultant so you’re ready once Geely begins orders.

Get Ahead of the Queue for the Geely EX5 Lease

The Geely EX5 is shaping up as a serious EV option for salary-packaged employees across Australia. If you want to reduce your fuel bill, lower your tax, and lease a brand-new EV under $50K, this model could hit the sweet spot.

Want a lease quote as soon as the EX5 launches? Book a consultation and let Novated Finance Australia structure a tailored lease quote including charging, insurance, and servicing. You’ll know exactly what you’re paying from your salary, and how much tax you’ll save.

FAQs

• Is the EX5 battery covered under a lease warranty?

  Yes. Most leases include a full manufacturer's warranty, including the battery.

• Can the EX5 be leased if Geely hasn’t launched nationally yet?

  It depends. Leasing may be limited until authorised dealers are approved in each state.

• Is charging at home reimbursed under a novated lease?

  Some providers offer reimbursement, but you’ll need to track usage or use a smart charger.

• Are parts and servicing available if I lease in a regional area?

  This depends on Geely’s final service network. It’s best to confirm before ordering.

• Can I upgrade trims mid-lease if a higher version launches?

  Not mid-term. You’d need to end your lease early and start a new agreement.