Eight questions
1. Who owns it, and are any listed providers related?
A comparison can be run by a provider, by a business related to one, or by someone with no stake. None of these is disqualifying, but you should know which you are reading. Look for an ownership statement, and check whether any providers on the list are related parties of the owner.
2. Is the rate nominal or compounded?
Australian credit rates are quoted nominal. A table showing compounded annual rates puts every provider about 0.3 points above its own quoted rate at typical lease rates (8.00% nominal is 8.30% compounded). That is not wrong, but if it is not labelled clearly it makes every quote look dearer than its paperwork says.
3. How many quotes is each figure based on, and when?
A provider rated on one or two quotes is an anecdote. Rates also move with the market, so a range built from quotes a year apart mixes different rate environments. Look for a quote count and a date range for each provider.
4. Is it like for like?
Smaller loans, shorter terms and different vehicles carry different rates. A range spanning ten percentage points for one provider is mostly measuring the mix of quotes, not the provider. Ranking providers by a range only makes sense if you know which end is being ranked.
5. Is it one method, or one method per provider?
Quotes are laid out differently, so some per-provider handling is unavoidable — which figure is the finance line, whether the residual is inc or ex GST. The test is whether those choices are disclosed, and whether they change the method (fine) or change the answer to fit a provider's own disclosed rate (a judgement call you should know about).
6. Does it count costs outside the finance?
A rate-only comparison cannot see management fees, insurance or budgets. That is a reasonable scope, but it means the lowest rate on the table may not be the cheapest lease. See the guide on why the lowest rate is not always cheapest.
7. Can you reproduce the number?
If the method is the four printed figures on the quote, you should be able to get the same answer in a spreadsheet. If the figures are adjusted first — GST stripped, the amount financed rebuilt, the payment count changed — the adjustments should be shown.
8. Is it whole of market?
Most comparisons only list providers they have quotes for. That is fine if it says so. It also means "lowest on this table" is not "lowest available".
Our answers
| Question | millarX |
|---|---|
| Who are you? | millarX is a novated lease provider (ABN 15 681 267 818, Australian Credit Licence 569484). Our quote comparison prices your lease against a millarX lease. It is not a neutral survey and we do not present it as one. |
| Nominal or compounded? | Nominal p.a. — monthly rate × 12, the Australian convention. |
| How many quotes? | Our transparency study covered 1,753 quotes across 53 providers (July 2026). Your comparison uses your own quote. |
| Like for like? | Yes — we price the same car, term, kilometres and state as your quote. |
| Costs outside the finance? | Yes — fees, running-cost budgets and the per-pay difference are shown alongside the rate. |
| Reproducible? | Every figure our investigator reads is shown and editable, and the rate method is the one on this page. |