Personal Contract Purchase (PCP) is a flexible type of finance, designed to allow you to drive a new car as soon as possible. Unlike a traditional hire purchase, a PCP is structured so that lower monthly payments are made over the contract period, leaving a final balloon payment to be made at the end of the agreement. The future value of your car is agreed up front, to guarantee that your monthly payments do not change.
MG5 EV TROPHY Electric 5Dr Auto
£359.00 Per Month 48 Months
Personal Contract Hire (PCH) representative example
| Model | Offer |
|---|---|
| Finance Monthly Rental | £359.00 |
| Service Monthly Rental | £0.00 |
| Total Monthly Rental | £359.00 |
| Advance Payments x 1 | £359.00 |
| Monthly Rentals x 47 | £359.00 |
| Contract Term (months) | 48 |
| Contract Term (miles) | 24000 |
| Services | Road Fund Licence |
| Excess Mileage Charge | 14.9p |
PCH Terms and Conditions:
This quotation is valid for period as shown above. This does not constitute an offer to enter into an agreement on these terms, or at all, and will not form part of any subsequent agreement. We reserve the right to vary the price quoted in the following circumstances:
(a) manufacturer's price increase,
(b) tax and fiscal changes,
(c) there has been a demonstrable error by Santander Consumer (UK) plc T/A MG Motor Financial Services which has resulted in the wrong price being quoted for any vehicle.
This quotation is given subject to status and additional guarantees or indemnities may be required. Terms and conditions apply. At the end of the contract term you will not own the vehicle. You must be aged 18 or over. You may be subject to additional charges subject to the condition of the vehicle. Santander Consumer (UK) plc T/A MG Motor Financial Services. We (the supplying dealer) are a broker not a lender and can introduce you to a selected number of providers and may receive a commission from them for the introduction.
Address:
Santander Consumer (UK) plc trading as MG Motor Financial Services
Number One
Great Exhibition Way
Kirkstall Forge
Leeds
LS5 3BF
Registered Number:
VAT Registered Number: 466264724
MG5 TROPHY 115Kw Long Range 61Kwh Electric 5Dr Auto
£299 Per Month - 0% or £329Per Month- £2999 Deposit
Personal Contract Purchase (PCP) representative example
| Offer | Offer 1 | 0% Offer2 |
|---|---|---|
| Monthly Instalments | £329.91 | £299.07 |
| Customer Deposit | £2,999.00 | £7,750.00 |
| MG Test Drive Bonus | £1,000.00 | £0.00 |
| MG Deposit Contribution | £1,750.00 | £0.00 |
| Mangoletsi Saving | £2,545.00 | £2,545.00 |
| Cash Price of Vehicle | £33,495.00 | £33,495.00 |
| Amount of Credit | £25,201.00 | £23,200.00 |
| Interest Charges | £2,159.18 | £0.00 |
| Total Amount Payable | £32,109.18 | £30,950.00 |
| Optional Final Payment | £11,524.50 | £12,433.50 |
| Duration of Agreement (months) | 49 | 37 |
| Fixed Rate of interest p.a | 1.49% | 0.00% |
| Mileage per Annum | 6,000 | 6,000 |
| Representative APR | 2.90% | 0.00% |
| Excess Mileage Charge | 14.9p | 14.9p |
When your contract comes to an end, you have three options, you can either:
1. Pay the optional final payment and own the vehicle
2. Return the vehicle
3. Part Exchange the vehicle where equity is available
PCP Terms and Conditions:
Retail sales only. Subject to availability at participating dealers only on vehicles registered between 01.04.24 and 30.06.24. 8.9% APR representative available on Personal Contract Purchase on all MG models. At the end of the agreement there are 3 options: (i) Part exchange the vehicle where equity is available, (ii) Pay the Optional Final Payment to own the vehicle or (iii) Return the vehicle. Further charges may be made subject to the condition or mileage of the vehicle. Finance subject to status. Terms and conditions apply. Applicants must be 18 or over. Guarantee may be required. MG Motor Financial Services, RH1 1SR. MG Motor UK Ltd [t/a MG Motor UK] are a credit broker (not a lender) for the purposes of this financial promotion. We can introduce you to a limited number of carefully selected finance providers and may receive a commission from them for the introduction.
Test Drive Bonus not available on an 0% offers
T&Cs: Retail sales only. Subject to availability at participating dealers only on vehicles registered between 03/07/23 and 30/09/23. 8.9% APR representative available on Personal Contract Purchase on all MG models. Finance subject to status. Terms and conditions apply. Applicants must be 18 or over. Guarantee may be required. MG Motor Financial Services, RH1 1SR. At the end of the agreement there are three options: 1) Pay the optional final payment to own the vehicle, 2) Return the vehicle, or 3) Part Exchange the vehicle where equity is available. Prices correct at time of being published and are subject to change without notice. MG Motor UK Ltd t/a MG Motor UK is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) permitted activities include acting as a credit broker, not a lender, for the purpose of financial promotions. We work exclusively with Santander Consumer (UK) Plc t/a MG Motor Financial Services, but do not receive any commission from this arrangement. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, guarantees may be required.
