Maybe it is no longer the secret that using 13 or 49 months novate leasing to optimise balloon payment (you pay lower balloon payment on shorter period). I've post mine here so that you could have a look and let me know where I could further reduce/ask/cut out from the quote: https://tinypic.host/image/D2aigd
"Vehicle Value $32,456
Lease Term (1.083Years)
Residual Value 56%
Running Costs - Fortnightly : $246 (fuel 146, insurance; 46; service: 23, registration 31)
Lease Payments - Fortnightly: $887
Managment fee: $11 (fornightly)
Finacial adviser fee: $9 (fornightly)
New take home pay: $1825 vs normally at $2600"
From the quote you could see most of the infor and yes, it is ICE car (certificed used car, Toyota Kluger 2019, 70k km). Driving distance and other information are in the quote. I see the quote is quite low for fuel (20k km/year) and insurance - i' may ask them to remove this.
I'm a bit concern about the lease payment. It seems ~$110 more than what I calculate. I can certainly pay in cash but prefer to keep in offset account. What do you think?
So how is it a trick?