# TrueCost — Compare the True Cost of Cars > Compares the true cost of car ownership, including taxes and financial impacts. (iPhone/iPad app by Mitchell Duncan.) - Source: https://appshunter.io/ios/app/truecost/id6762444802 (this page in markdown: same URL + `.md`) - Developer: [Mitchell Duncan](https://appshunter.io/developer/1335041951) - Category: Finance, Education - Price: Free - Rating: 5.00/5 from 1 App Store ratings · 1 written reviews indexed - Age rating: 4+ - Requires: iOS 17.6 · 29 MB - Languages: American English - Released: 2026-04-20 - Data updated: 2026-08-25 - Monetization: free with in-app purchases - User reviews in markdown: https://appshunter.io/ios/app/truecost/id6762444802/reviews.md ## What is TrueCost? Make smarter car decisions with complete clarity. Buying or financing a car is one of the biggest financial decisions you’ll make—but most comparisons only scratch the surface. Repayments alone don’t tell the full story. TrueCost shows you what a car really costs—now and over time. Compare the true cost of ownership across different options—whether you’re keeping your current car, financing a new one, exploring a novated lease, or reviewing real quotes from providers. --- See the full picture Go beyond simple repayments and understand both: • Take-home pay impact (what’s actually left in your pocket each pay) • Total cost of ownership (TCO) (what it really costs overall) TrueCost models real-world financial effects like income tax, salary sacrifice, and FBT, so you can compare options on a true like-for-like basis—with clear, consistent cost projections. --- New: Import, compare, and export your quotes Got multiple quotes from providers like Maxxia, LeasePLUS or Smartleasing? Now you can go from raw quote → clear decision in seconds: • Upload 2–3+ quote PDFs • Automatically extract key numbers like finance payments and residuals • Compare providers side-by-side • Export your comparison to PDF • See the real impact on your take-home pay • Instantly spot which option leaves you better off No spreadsheets. No sales spin. --- What you can do with TrueCost • Compare car scenarios side-by-side • Model loans, novated leases, and outright ownership • Import and compare real lease quotes (Pro feature) • Export comparisons to clean, shareable PDFs • See how each option impacts your take-home pay • Understand both cash flow and total cost of ownership (TCO) • See the impact of balloon / residual payments • Explore petrol vs EV trade-offs • Factor in tax effects including salary sacrifice and FBT • Build and save custom scenarios • Instantly see which option is better—and why --- Designed for real-world decisions TrueCost isn’t a generic calculator. It’s built to reflect how people actually structure car purchases in the real world—especially when tax and employer programs are involved. Whether you’re: • Deciding between keeping your current car or upgrading • Comparing petrol vs electric vehicles • Evaluating a novated lease through your employer • Comparing multiple quotes from different providers • Trying to understand if a “good deal” really is good TrueCost helps you cut through the noise. --- Clear insights, not guesswork TrueCost doesn’t just show numbers—it explains them. Understand why one option comes out ahead, including trade-offs like: • Lower monthly impact vs higher long-term cost • Tax advantages vs residual obligations • Salary packaging benefits vs take-home income changes --- Make your next car decision with clarity and confidence. ## Key features - Compare total cost of ownership - Model loans and novated leases - Import and compare real quotes - Export comparisons to PDF - See take-home pay impact - Factor in tax effects - Compare petrol vs EV ## Recent user reviews (1 of 1) All indexed reviews: https://appshunter.io/ios/app/truecost/id6762444802/reviews.md ### 5/5 — Just what I was needed *2026-04-21* I’ve been considering taking up a novated lease through work but wasn’t sure if it was worth it compared to normal loan. I punched everything in to TrueCost and it really spelled everything out in terms I could understand. Was really useful to see the take home pay difference for the two scenarios. ## Frequently asked questions about TrueCost ### What is the TrueCost app? TrueCost is a finance app designed to help users understand the complete financial implications of buying or financing a car. It goes beyond simple repayment figures to model taxes, salary sacrifice, and total cost of ownership. ### What car financing options can I compare with TrueCost? You can model loans, novated leases, and outright car ownership. The app also allows you to import and compare real lease quotes from providers. ### How does TrueCost help with taxes? TrueCost models real-world financial effects like income tax, salary sacrifice, and Fringe Benefits Tax (FBT). This allows for a true like-for-like comparison of different car financing scenarios. ### Can I import my car quotes into TrueCost? Yes, a Pro feature allows you to import 2-3+ quote PDFs from providers. The app automatically extracts key numbers for side-by-side comparison. ### What devices does TrueCost support? TrueCost is available on iPhone and iPad devices. ### How often is TrueCost updated? The latest version of TrueCost is 1.2.0, and it was last updated on May 23, 2026. Updates typically address new features and improvements. ### What is the user rating for TrueCost? TrueCost has a high rating of 5.0 stars, based on 1 review. This indicates a very positive initial user reception. ### Does TrueCost have ads? No, TrueCost does not contain advertisements, providing an uninterrupted user experience. ## Version history (last 5 releases) ### 1.2.0 — 2026-05-23 This update makes TrueCost clearer and more useful than ever: • Export your comparisons to clean, shareable PDFs • More consistent and transparent cost projections • Improved insights to highlight what really matters ### 1.1.1 — 2026-05-03 New: Quote Comparison (Pro) You can now import and compare real novated lease quotes from multiple providers. Upload 2–3+ quote PDFs and see the key numbers side by side: • Finance payments • Financed amount • Residual values • Real take-home pay impact TrueCost automatically extracts the data and shows you which quote actually leaves you better off — no spreadsheets or manual comparisons required. --- Compare providers properly Lease quotes often look similar on the surface, but differ significantly once tax, salary sacrifice, and real cash flow are taken into account. Quote Comparison helps you: • Identify the best provider quickly • Cut through “cashflow positive” claims • Make decisions based on real take-home impact --- Library improvements • Save and revisit both standard comparisons and quote comparisons • Improved navigation between Library and Compare • Cleaner summary cards with clearer outcomes --- UI improvements • Simplified comparison views for better readability • Improved highlighting of the best option • Clearer handling of incomplete scenarios --- Under the hood • Improved quote parsing reliability across providers • Better handling of edge cases in imported quotes • General performance and stability improvements --- As always, TrueCost focuses on helping you understand what a car really costs — so you can make decisions with confidence. ### 1.1.0 — 2026-05-02 New: Quote Comparison (Pro) You can now import and compare real novated lease quotes from multiple providers. Upload 2–3+ quote PDFs and see the key numbers side by side: • Finance payments • Financed amount • Residual values • Real take-home pay impact TrueCost automatically extracts the data and shows you which quote actually leaves you better off — no spreadsheets or manual comparisons required. --- Compare providers properly Lease quotes often look similar on the surface, but differ significantly once tax, salary sacrifice, and real cash flow are taken into account. Quote Comparison helps you: • Identify the best provider quickly • Cut through “cashflow positive” claims • Make decisions based on real take-home impact --- Library improvements • Save and revisit both standard comparisons and quote comparisons • Improved navigation between Library and Compare • Cleaner summary cards with clearer outcomes --- UI improvements • Simplified comparison views for better readability • Improved highlighting of the best option • Clearer handling of incomplete scenarios --- Under the hood • Improved quote parsing reliability across providers • Better handling of edge cases in imported quotes • General performance and stability improvements --- As always, TrueCost focuses on helping you understand what a car really costs — so you can make decisions with confidence. ### 1.0.1 — 2026-04-27 • Improved clarity of take-home impact with updated wording and layout • Added detailed tax rules breakdown for better transparency (incl. LCT & EV exemptions) • Refined comparison insights to make results easier to understand • UI improvements across key screens for better alignment and readability • Added in-app feedback option so you can report issues or suggest features ### 1.0 — 2026-04-21 No release notes. ## More apps by Mitchell Duncan - [BTC Market Ticker](https://appshunter.io/ios/app/btc-market-ticker/id1335041952) - [Simple Expense Tracker](https://appshunter.io/ios/app/simple-expense-tracker/id1393816118) All apps by Mitchell Duncan: https://appshunter.io/developer/1335041951 --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-25.*