NovateScan analyses your novated lease document using AI trained on Australian market data, FBT legislation, and real lease contracts. Here's exactly what happens when you upload your document.
The process
1
Upload your lease document
Upload your novated lease quote or agreement as a PDF, Word document, or even a photo. Encrypted or password-protected PDFs are supported. Your document is processed securely and never stored after analysis is complete.
Accepts PDF, DOCX, JPG, PNG formats
Password-protected documents supported
Document deleted immediately after processing
Works with all major Australian novated lease providers
2
We extract what we can automatically
Our AI reads your document and automatically extracts vehicle details, lease term, monthly payments, residual value, management fees, and any clauses it identifies. Pre-filled fields appear highlighted — you can review them but don't need to re-enter anything we've already found.
Vehicle make, model, and purchase price
Lease term and commencement date
Monthly / fortnightly payment amounts
Residual value and percentage
Management fees and running cost inclusions
3
You fill in a few quick details
Some of the most important analysis — particularly around tax savings and FBT — requires information about you that won't be in the lease document. We ask for the minimum needed to give you meaningful results.
Annual salary — to calculate your real tax saving
Employer type — FBT-exempt employers change the maths significantly
Annual kilometres — affects FBT and running cost accuracy
EV or ICE — EVs under $91,387 may be fully FBT exempt
HECS debt (optional) — unlocks adjusted taxable income analysis
4
Get your plain-English results
Your full report is generated instantly. Sections that require inputs you didn't provide appear as locked cards — you can unlock them at any time by going back and adding the missing information. Every unlocked section shows you clear numbers, not vague estimates.
Overall lease grade and overpayment estimate
True effective interest rate vs. dynamic market benchmark
Fortnightly and monthly payment breakdown
Side-by-side comparison: your lease, optimised novated, car loan, cash
FBT and ECM breakdown
Running cost benchmarking per line item
Contract red flag analysis with clause references
Actionable next steps with email templates
Analysis detail
What we check
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Effective interest rate
True comparison rate including all fees, benchmarked dynamically against market data for your specific term, employer type, and vehicle.
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Hidden fees
Management fees, admin charges, and insurance markups identified regardless of where they appear in the document.
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Contract red flags
Exit penalties, exclusive service providers, undisclosed rate gaps, and balloon residual traps.
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FBT & ECM structure
Whether your FBT is correctly neutralised, your RFBA is $0, and whether your pre/post-tax split is optimal for your income.
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Residual value
Whether your residual meets ATO minimums and whether it's fair given the vehicle and term.
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Running cost benchmarks
Fuel, insurance, servicing, rego, and management fees compared to independent market data.
How we benchmark your rate
Your benchmark isn't a fixed range. It adjusts based on four factors extracted from your document and intake form:
Factor
Effect on benchmark
Lease term 12 → 60 months
Shorter terms carry higher rates. 12-month benchmark is ~1.8% higher than 60-month.
Employer type Govt / NFP / private
Govt & FBT-exempt employers typically attract 0.3–0.5% lower rates.
EV vs ICE Electric / hybrid / petrol
EVs currently attract 0.2–0.4% lower rates due to high provider competition.
Vehicle value <$30k / $30–$55k / $55k+
Higher-value vehicles get marginally better rates (better fixed-cost recovery).
Market date Updated monthly
Benchmarks updated monthly based on published provider rates and AU RBA movements.
Your benchmark is shown as a visual spectrum — not just a number — so you can see exactly where your rate sits relative to best available, typical, and red-flag thresholds.
Privacy & security
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Document deleted immediately
Your lease document is processed in memory and never written to persistent storage.
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No data sold or shared
We never share your document, salary, or personal details with lease providers or any third party.
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Not affiliated with any provider
NovateScan is independent. We have no commercial relationship with any novated lease company.
Frequently asked questions
Yes — the basic scan, rate analysis, and red flag report are free. A downloadable PDF report with the full comparison table and email templates is available as a one-time purchase.
Yes. We've trained on documents from all major Australian providers including FleetPartners, SG Fleet, Maxxia, McMillan Shakespeare, Smartleasing, Oly, and others. If your provider isn't supported, contact us and we'll add them.
No. NovateScan provides general information and analysis only. It does not constitute financial, tax, or legal advice. We strongly recommend consulting a qualified financial advisor, accountant, or solicitor before making any financial decisions based on our analysis.
Our benchmarks are updated monthly based on published provider rates and RBA movements. They're adjusted for lease term, employer type, vehicle type, and vehicle value. We believe they represent the most accurate publicly available benchmarks for Australian novated leases — but we always show them as a range, not a point, to reflect real-world variability.
Upload the document and you'll be prompted to enter the password. We use it only to decrypt and read the document — the password is never logged or stored.
Absolutely — and this is the best time to use it. Upload the quote before signing and use our "next steps" recommendations to negotiate a better rate or remove unfair clauses. Most providers will negotiate if you ask with data.
Yes. Even for existing leases, the analysis is valuable — it tells you whether you're significantly overpaying and whether it's worth renegotiating or refinancing. We'll tell you if it makes financial sense to exit and start again with a better provider.