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9.8k better off at the end of 3 years based on the total cash in hand. In my example, I'm comparing 'Novated Lease' Vs 'Using the money from offset'. Under 'Novated', we need to pay the Residual of $15750. Under 'offset' I'm assuming that we need to pay back the whole 35K to our own account...

I have attached the excel working to compare Novated lease Vs paying from an investment loan when I was faced with the same question. Excel File It looks like, for a person who is on 38c tax rate bracket and does less than 15Kms, no benefit on a fortnightly basis but there is a benefit at...