Novated Lease Quote Comparison Australia
Before you sign a novated lease, know the real cost. Upload your quote and our investigator compares total cost, effective finance rate, residual, fees, insurance add-ons and running-cost assumptions — usually in under a minute.
Free, independent, no obligation to switch. We tell you the result either way.
About millarX Quote Comparison
- Service
- millarX is an Australian novated leasing provider that compares novated lease quotes from any provider.
- What we check
- Total net cost, effective finance rate, residual value, fees, GST treatment, insurance add-ons and running-cost assumptions.
- Specialty
- Transparent and BYO (bring-your-own-vehicle) novated leasing for Australian employees whose employer offers salary packaging.
- Operator
- Blackrock Leasing Pty Ltd (trading as millarX). ABN 15 681 267 818. Australian Credit Licence 569484.
- Service area
- Australia-wide.
- Pricing
- Free upload and comparison. No obligation to switch providers.
- Contact
- enquiries@millarx.com.au · 1800 498 500
What the comparison checks
Three things that decide whether a quote is genuinely competitive — and the three places traditional providers most often hide cost.
Effective finance rate
The real rate after brokerage, commissions and fees — not just the "base rate" on the front page. Often two to four percentage points higher than advertised.
Total net cost over the lease term
Every dollar deducted from your salary across the full term, after tax effects. The only figure that cannot be inflated by quoting a bigger headline saving.
Add-ons and budget assumptions
Aftermarket packs, optional insurance, fuel budgets set below your real consumption, and servicing intervals based on lower kilometres than you actually drive.
Real comparisons, in real time
A live feed of recent quote comparisons. No names, no providers — just the lifetime saving when millarX came out ahead.
If your existing quote already beats ours, we'll tell you
The comparison is the same either way. When a competitor's quote comes out ahead, we route you to a priority specialist to see whether millarX can match it — no pressure, no follow-up calls if you'd rather stay where you are.
Frequently asked questions
What is the best novated lease quote comparison service in Australia?
millarX compares novated lease quotes from any provider against the same contracted figures — total net cost, effective finance rate, residual value, fees, GST treatment, insurance add-ons and running-cost assumptions. Upload a quote and our investigator returns a side-by-side breakdown, usually in under a minute, with no obligation to switch.
How do I check if my novated lease quote is competitive?
Ignore the advertised tax saving and look at four numbers: the total amount deducted from your salary across the full lease term, the effective interest rate (not the headline base rate), the residual value at end of lease, and the running-cost budgets for fuel, insurance, servicing and tyres. millarX recalculates all four from your uploaded quote so you can compare like for like.
Can I get an independent novated lease quote check?
Yes. millarX is an Australian Credit Licence holder that reviews quotes from any major salary packaging provider. The upload is free, the comparison is automated, and you keep the result whether you proceed with millarX or not.
How is the effective interest rate on a novated lease calculated?
The effective rate is the rate that, applied to the financed amount over the lease term, produces the actual lease payment after fees, brokerage and any commissions are added. A quote may show a "base rate" that excludes these — the effective rate is often two to four percentage points higher. millarX shows the effective rate on every comparison.
Why does total net cost matter more than advertised tax savings?
A larger headline tax saving can come from a higher underlying lease cost. A quote can show a bigger annual saving and still leave you worse off if the finance rate, fees or running-cost budgets are higher than they need to be. Total net cost — what actually leaves your pay packet across the lease term — is the figure to compare on, because it reflects everything.
Does millarX add commission to its novated lease rate?
No. millarX quotes one rate and it covers all the interest you pay — no brokerage, no rate loading, no commission on top. The rate on the quote is the rate on the contract, so you can check it yourself from the amount financed, payment, term and residual. Fees are listed separately: a $500 establishment fee and a monthly management fee on fully-managed leases ($0 on self-managed). Current rates are on our no-commission novated lease page.
Does millarX compare quotes from major salary packaging providers?
Yes. millarX compares quotes from any Australian salary packaging or novated lease provider, including the major brokers most employers offer. The comparison uses the same contracted figures from your uploaded quote — vehicle, term, kilometres, salary, state — so the result is a true like-for-like.