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You

$

Vehicle & lease

$
$

If above the car price, add-ons are financed

$
$

The 'base rate' on the quote, if any

$

Leave blank to auto-estimate

$

Fees & optional products

$
$
$

Tyre & rim, GAP, lease protection, paint…

Running costs (per year)

$
$
$
$
$
$

To benchmark the bundled premium

Your lease analysis

Deal score

71/100

Effective finance rate

13.43%

+4.6 pts vs disclosed 8.79%

Take-home impact

$507

per pay ($13,176/yr)

True net cost

$73,820

over 5 years

Why this score

Vehicle price
20/20
Finance
0/25
Provider fees
11/15
Running costs
15/15
Optional products
15/15
Transparency
10/10
  • · Effective rate is very high — documented cases reach 14–16%+
  • · Financed amount consistent with vehicle price
  • · Quote discloses the key figures

Issues found

⚠ Effective finance cost of 13.43% appears well above the ~9.0% market reference

Calculated from the financed amount, repayments and residual via IRR — it includes fees and add-ons hidden inside the financed amount.

⚠ Disclosed rate 8.79% vs calculated effective rate 13.43% (+4.6 points)

Differences arise from fees, financed add-ons, payment timing and quote structure. Ask the provider to reconcile the two figures.

The reportable fringe benefit (RFBA) effect

This EV is FBT-exempt — but $23,396/yr is still added to repayment income as a reportable fringe benefit. That lifts the HELP/HECS repayment by $773/yr.

It can also affect Medicare levy surcharge, childcare subsidy and other income-tested payments. Most provider quotes leave this out.

Where the money goes (5 years)

Lease repayments$66,000
Running costs$24,000
Provider fees$1,200
Optional products$0
Residual at end$17,441
− Tax benefit (5 years)−$29,185
− GST benefit (approx)−$5,636
Estimated net cost$73,820

Residual at lease end

$17,441 falls due at the end of the term (ATO minimum guideline: $17,441 — 28.13% of the vehicle price).

Facts to take back to the provider

  • Your calculated effective finance rate is 13.43% (includes everything financed). Ask them to reconcile it against any rate they quoted.
  • Ask for an itemised breakdown of establishment, documentation and admin fees.
  • Ask whether the quote can be rerun with customer-arranged insurance.
  • Ask whether your employer accepts BYO/self-managed finance — check the employer checker.
Show calculation assumptions
  • Tax year: 2026-27 (published ATO settings)
  • No deduction split provided: assumed the whole package is pre-tax (standard for FBT-exempt EV leases).
  • GST benefit approximated as input tax credits up to the car depreciation limit passed through to the financed amount.
  • Tax outputs are illustrative estimates from published ATO settings, not tax advice.
  • Payments assumed in arrears; insurance/registration budgets assumed spent as budgeted.

Illustrative estimate from published ATO settings and your inputs. General information only — not financial product advice or tax advice. Confirm figures with your provider and a registered tax agent.

Could this quote be beaten?

At the market median rate of 9.50%, the same lease would cost $977/month — you were quoted $1,100.

Negotiation target

$7,409

Finance savings (term)

$7,409

First-year savings

$1,482

Removable add-ons

$0

Free. Optional success-fee negotiation available later — you only pay if we save you money.