How LeaseLens works

You upload your quote

Drop in your novated lease document — PDF, photo, or screenshot. It can be a full salary sacrifice schedule, a quote summary page, or even just photos of the key pages. Multiple files are fine if your quote spans several pages.

Your document is sent securely and directly to the AI for analysis. It is never stored, logged, or retained by LeaseLens.

AI extracts the financial figures

The AI reads your document and extracts all the key financial variables, including:

• Total amount financed and vehicle price
• Monthly lease rental payments (pre and post-tax)
• Lease term and annual kilometres
• Residual / balloon value at end of term
• All included running costs (insurance, tyres, rego, servicing, charging)
• Management fees and any optional add-ons
• FBT method and employee contribution
• GST savings applied

The effective interest rate is calculated

This is the most important step — and the one most lease providers make deliberately opaque.

If your quote states an interest rate, we verify it by calculating the true effective rate independently and checking for discrepancies. Some providers advertise a low rate but inflate fees elsewhere to compensate.

If your quote does not state an interest rate, we calculate it using the IRR (Internal Rate of Return) method — the same methodology used by financial analysts:

Your rate is compared to the market

We compare your effective rate against real-world benchmarks for the Australian market, including:

• Current novated lease market low (~7.0% p.a.)
• Typical novated lease range (8–12% p.a.)
• Standard car loan rates for EVs (~5.5–7% p.a.)
• Manufacturer or brand direct finance rates where applicable

This tells you not just what your rate is, but where it sits relative to what you could actually get elsewhere.

Your full cost picture is assembled

Novated leases bundle many costs together — which makes it easy to miss overpriced components. We break out every line item: insurance, tyres, servicing, charging costs, management fees, and any optional add-ons.

For EVs, we calculate the value of the FBT exemption and show you the true after-tax monthly cost — which is the only number that really matters when comparing options.

You get an honest verdict and action checklist

We score your deal out of 10 and provide a plain-English verdict. More importantly, we give you a specific action checklist — things you can actually go back and negotiate on, such as vehicle pricing discrepancies, above-market insurance premiums, or unapplied manufacturer discounts.

We also show a comparison table against alternative finance options (car loan, direct finance, optimised novated) so you can see the full picture before deciding.

Your documents are never stored

Your lease document is sent directly to the AI API for analysis and immediately discarded. LeaseLens does not store, log, or retain any documents, results, or personal information. There is no user account, no database, and no record of your analysis after you close the page.

We are completely independent

LeaseLens is not affiliated with, sponsored by, or partnered with any novated lease provider, salary packaging company, car dealer, or financial institution. We do not receive referral fees or commissions. Our only interest is giving you an accurate, unbiased analysis of your quote.