0% Credit at MG on MG4 and MG3 Hybrid+!

We often forget that even a low interest rate can quickly increase the total cost. When this rate is 0% at MG, why not take advantage?

MG had promised us a spectacular end of the year, and the manufacturer is keeping its word. After the MG4 at only 21,990 euros, the big announcement is of course the 0% Credit Sale offered by MG for all orders placed before 12/21/2024.

First of all, a 0% interest rate means that you will spread out the total cost of the car over a certain number of months. If you think it’s already the case with a traditional consumer loan, don’t be mistaken! Each month you pay back a part of the loan, but also extra fees. To simplify greatly, when you borrow 100 euros over 48 months at a 5% rate, you don’t end up paying 105 euros but 110 euros because the rate is applied annually, not over the total loan duration. Painful? Not really on a 20,000 euro car that ultimately costs you 22,060 euros! In short, the longer the term, the more you pay. Didn’t we tell you?

Let’s get back to this MG 0% credit. It is offered by MG on the MG4 and MG3 Hybrid+ ranges, which are the two best-selling models! That’s quite rare to highlight. However, it does not apply to the full vehicle amount, which is unfortunate.

For the MG3 Hybrid+, it’s limited to 12,000 euros, and for the MG4 to 15,000 euros. Considering the vehicle prices, this covers more than two-thirds of the purchase price for entry-level models, so there’s nothing to complain about — it’s very fair. MG also offers these loans without fees over 24 or 36 months, whereas the norm is usually at least 48 months. Naturally, this is riskier because it makes the client less responsible, hence the importance of a small down payment. In short, it’s a great offer!

So why opt for this 0% interest credit rather than a lease where monthly payments are much lower? With a loan, you become the owner of your car at the end of the repayment period, just like buying outright, whereas with a Lease with Purchase Option (LOA) or a Long-Term Rental (LDD), you have to return the car. Therefore, you should NEVER compare the monthly payments of a lease to those of a loan purchase. If you’re thinking of buying a MG4 outright or financing it through your bank, STOP! Finance it even over 24 months with this offer and you’ll come out ahead. If you need a daily vehicle but don’t want it permanently around your neck, LLD (Long-Duration Rental) is what you need. Essentially, each offer suits different clients, so make sure to get good advice to avoid being scammed. Reading Mobiwisy is already a first step in that direction.

READ ALSO: The MG3 Hybrid+ alone in the world under 20,000 euros?