Lease Buy Comparatora bank sheet for the machinery decision
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Lease, buy or used: which is cheaper in today dollars?

Paste the dealer quote, the bank loan offer and the dealer lease terms, and the sheet compares lease, buy and used-buy in today dollars and shows when each deduction and the GST credit actually land.

Paste your own figures See the specimen sheet

AUD 110,142buyAUD 139,113leaseAUD 208,227usedpresent value of cost, today dollars, on the specimen figures

Answer

How do I compare two dealer quotes for the same tractor?

Paste a second quote on the same specification into the second dealer quote box, and the sheet shows the two changeover prices side by side: the cash price, delivery and pre-delivery charges and the trade-in allowance, each in today dollars, so the cheaper changeover is named.

Why does the changeover price matter more than the cash price?

Because the trade-in allowance is where a quote is usually won or lost. Two dealers can ask the same cash price and offer very different allowances for the machine in your shed, so the sheet compares the changeover and not the sticker.

Can the sheet compare two finance offers as well?

Yes. A second finance offer box takes a second bank or dealer offer on the same machine, and the sheet names the cheaper one in today dollars on the same assumptions as the first offer, so a cheaper quote and a cheaper loan can be read together.

Frequently asked questions

What has to match between the two quotes?

The machine, the specification, the options and the quote date, or the comparison is not like for like. The sheet compares what you paste and does not normalise a different machine, a different specification or a quote that has gone stale.

Is comparing a second quote a paid feature?

The free comparison builds a full sheet on this page with no account. The paid plans add saving the scenario and the CSV of the year ledger: AUD 49 for one comparison or AUD 199 a year.

Related answers

All the machinery finance answers.

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