MG ZS EV Luxury for €199/month: Good Deal?
This page is translated from the original post "MG ZS EV Luxury à 199 € / mois, bon plan ?" in French.
- 13/08/2023 10:17
The magic of the ecological bonus makes rents for electric cars more attractive than for thermal ones. Like this MG ZS EV.
It is the one that first made a splash in the European market. A friendly small family SUV with a discreet look, versatile enough we could even say. But with qualities that quickly made it a stopper in the industry. Then came the blow with the unbeatable prices of the MG4.
The MG ZS electric has since somewhat fallen into the background, but it’s not uncommon to see it on our roads because its specifications meet 90% of a family’s daily needs: space, comfort, driving pleasure, and sufficient range. Not to mention fuel and maintenance savings, two aspects that weigh heavily in a family’s budget.
Thus, the MG ZS EV currently offers a promotional lease deal (Long-Term Rental) for 36 months at €199 per month. Good deal?
First of all, which MG ZS EV are we talking about? This is the high-end “Luxury” version, richly equipped: 17-inch wheels, LED headlights, panoramic roof, 360° camera, and faux leather seats. The battery, on the other hand, is called “Standard,” meaning the smaller 51 kWh battery paired with a 130 kW (176 hp) motor, offering a WLTP official range of 320 km. Expect around 270 km in real-world conditions. The charging speed is limited to 70 kWh.
A model that, when bought outright, will cost you €30,990 after deducting the €5,000 ecological bonus (the version with the Extended 72 kWh battery and a smaller 115 kW or 156 hp engine with a WLTP range of 440 km costs €4,000 more). Be aware that this is where things get complicated.
This “cash” price does not include the conversion premium… while it is factored into the lease calculation. If you want to stick to €199/month, you will need to get rid of an old vehicle (conditions here).
In fact, the first rent amounts to €10,400, but drops to €2,900 after deducting the €5,000 ecological bonus and the €2,500 trade-in premium. Followed by 35 payments of €199. Without this, the initial rent would be €5,400! Note that this price does not include registration fees (such as registration costs, costs related to issuing the vehicle registration certificate, etc.).
At the end of 36 months, the MG ZS EV will cost you:
- €9,865 with the trade-in premium
- €12,365 without the trade-in premium
In either case, you will need to return the vehicle after three years… which is a good thing. Electric technology is evolving so fast that currently buying a car no longer makes much sense. Mobiwisy advice!
To conclude on this MG offer, it seems very fair to us. Paying a third of the car’s price over 3 years without worrying about depreciation or resale is within good norms.
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