Carsales car of the year 2023
Save big on the award winning MG MG4
Find out how much you could save on the cost of your MG MG4 with a novated lease.
Get a full view of the MG MG4
)
MG MG4 novated lease tax savings
A MG MG4 novated lease lets you finance the vehicle and running costs in a tax-efficient way:
Pay using your pre-tax salary
The payments on your MG MG4 will be made from your salary before tax is deducted. You can also pay for car running costs this way to maximise the savings.
GST savings on your MG MG4
You’ll also save thousands on the purchase price of your MG MG4 thanks to the GST tax credit available on a novated lease. You can save up to a maximum of $6,334 in GST (cars up to $69,674 in FY 24/25 – above this amount, the GST saving is capped at $6,334).
You can benefit from GST savings on your packaged car running costs too.
MG MG4 Novated Lease pricing includes
- Registration and CTP
- Fuel Card
- Tyres
- Repairs and Maintenance
- Roadside Assist
- Comprehensive Insurance
Find out more about what's included in a novated lease
)
MG MG4 Specs
| Engine Type* | ELECTRIC |
|---|---|
| Transmission | 1 SP AUTOMATIC |
| Body Type | 5D HATCHBACK |
| Variants | EXCITE 51 125kW, EXCITE 64 150kW, ESSENCE 64 150kW, ESSENCE LONG RANGE 77 180kW, XPOWER |
MG MG4 Pricing
| Variants | Price (ex On Road Costs) |
|---|---|
EXCITE 51 125kW | $37,990 |
EXCITE 64 150kW | $41,990 |
ESSENCE 64 150kW | $44,990 |
ESSENCE LONG RANGE 77 180kW | |
XPOWER | $55,990 |
Award winning EV
In October 24 the MG MG4 was the most popular EV in Australia. Find out why its so popular with ite european design and 5-star ANCAP safety rating.
MG4: The Perfect Time to Lease Australia's Cheapest EV Before Prices Rise!
Insights from the Experts
Prices of EVs have come down in 2024, making the incentives for getting behind the wheel of a quieter, cheaper-to-run car with plenty of tech stronger than ever.
One of these cheaper models is the MG4 which has also been Australia’s cheapest EV, now starting at $32,990 driveway.
For that you get an electric hatchback that comes with a 10-year new car warranty and quite a bit of tech.
It's held the title for Australia's cheapest EV for a few months now, dropping from $38,990 to $32,990 for the Excite 51 variant. But that might be about to end with prices expected to go up in the new year.
Recently, MG Motor Australia’s Chief Commercial Officer, Giles Belcher said: “These price offers finish at the end of the year and will never be repeated.”
This hints at a price rise coming, making now a great time to buy, or even better for some, lease a new MG4.
Looking at the models, the MG4 Excite 51 comes with a 51 kWh battery pack which delivers up to 350 km of range.
For another $2,000, the MG4 Excite 64 variant, which has a larger battery that adds 100 km of range to the Excite 51, is now also on special, priced at $34,990 driveaway.
Both these models at these prices are cheaper than a Toyota Corolla hybrid.
This makes both models quite a good buy given the MG4’s 5-star ANCAP safety rating and the features and key specs it packs which include:
- 0-100km/h in just 7.7 seconds for the 51kWh, 7.2 seconds for the 64kWh models
- Apple CarPlay® & Android Auto® as standard
- 50:50 weight distribution and rear-wheel drive
The rear-wheel drive makes it quite an engaging car to drive and so far over 6,000 of this popular hatchback have been sold in 2024.
The MG4’s benchmark warranty program includes 10-year or 250,000 km warranty across its entire range.
Previously MG offered a 7-year warranty to Australian customers, so this is an added bonus for new MG4 buyers, giving drivers extra peace of mind.
With very few competitors to the MG4 at the current price, it's definitely worth adding to the short list. Getting one today on a novated lease will also help you save thousands of dollars over the term of the lease.
For more information on the MG4 or any other car, reach out to the friendly team at Novated Lease Australia and we'll make sure you get a great deal on a car that's right for you.
How does a novated lease work?
Just like other forms of car finance, there are typically a number of payments over a fixed term, with a residual (or balloon) payment due at the end of the lease. Each party to the agreement – employer, employee, and financier – will play a specific role.
The employer
Agrees to make regular, automated payroll deductions from the employee’s pre-tax salary. Our expert team helps set everything up.
The employee
Agrees to pre-tax salary deductions, in exchange for the use of the vehicle. The vehicle can be used for business or entirely for personal use.
The financier
Procures the vehicle, establishes the lease and manages the administrative, contractual and compliance aspects of the transaction.
)
Quick-fire novated lease questions
Learn more about how a novated lease works from start to finish. Our expert consultants can also answer any questions, so you can sign up with confidence.
Find my best deal
Is there a minimum salary to get a novated lease?
No, there is no minimum salary to get a novated lease.
Novated leasing approval is dependent on your capacity as a borrower much like traditional finance. This means you need to illustrate your ability to meet regular repayments over the term of the lease.
Chat with one of our experts about how much you may be able to borrow.
How long will my novated lease be?
The term of the lease agreement is completely up to you.
Generally, terms of one to five years are available under a novated lease.
The length of the lease term will determine your repayments and your residual.
What's the minimum and maximum value of car I can get?
The amount you can borrow for a vehicle will vary depending on the lender.
In general, the minimum novated lease amount is $10,000, while higher amounts (up to $500k) are subject entirely to the repayment capacity of the applicant.
Chat with one of our experts about how much you may be able to borrow or check out our novated lease explained guide.
Can you help me get a novated lease anywhere in Australia?
Can I buy a used car with a novated lease?
Yes, you can buy a used car both privately or through a dealership.
Some financiers will allow the vehicle to be up to 15 years of age at least end.
Buying a used car from a dealership will also still see you save the GST on the purchase price. Find out more by visiting used cars through a novated lease
Can I get a novated lease if I work for my own company?
Salary sacrificing a car through a novated lease can be suitable for a business owner who is also an employee of their own company, but it’s only an option if the business owner is receiving a salary from the company they own.
If you are planning to leave your current employment to start your own business, you can transfer your novated lease, provided you are paying yourself a salary.
If you are self-employed – i.e. are not paid a salary or paying yourself a salary through your own company – you will need to look at alternative forms of vehicle finance.
What happens at the end of a novated lease?
You have a few options available at the end of your novated lease term:
Upgrade - most of our customers tend to upgrade their vehicle, your expert consultant can help you find the right upgrade for you and even help you sell your current vehicle to help pay out the residual. If the sale price is higher than the residual, you keep that profit - tax-free!
Extend - If you want to keep the same car and continue enjoying the tax savings, we can help you refinance the residual amount for another term of your choice.
Own outright - Pay the residual amount (including GST) at the end of the lease term to own the car outright
What happens if I leave my current job during a novated lease?
If you leave your job during the term of your novated lease, you will still be responsible for making the finance repayments on the vehicle.
The lease will be de-novated, where the running costs are removed from the agreement and repayments work much the same way as a standard car loan.
If you are going to a new employer who offers novated leasing as an employee, you may be able to transfer your novated lease over under a re-novation, or request Novated Lease Australia set up as a partner.
See your savings with a Novated Lease
Enquire now
