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New MG MG5
Stock Currently Available. Only £429 Per Month + £250 Deposit Contibution with £1000 Test Drive Saving. Other models, payments, deposits, mileages and periods available. Please ask for your personal quote.
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.​
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£429.17
Personal Contract Purchase (PCP) representative example
| Monthly Payments of | £429.17​ |
| Term of the Agreement | 49 |
| Contract Mileage | 6000 |
| Customer Deposit | £5,950.00​ |
| On The Road Cash Price | £30,995.00​ |
| Amount of Credit | £25,045.00​ |
| Interest | £7,251.16​ |
| Total Charge for Credit | £7,251.16​ |
| Rate of Interest | 5.13% |
| Optional Final Payment | £11,696.00​ |
| Total Amount Payable | £38,246.16​ |
| Representative APR | 9.9% |
| Excess Mileage (Pence Per Mile) | 14.9p per mile (+VAT) |
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
MG5 TROPHY 115Kw Long Range 61Kwh Electric 5Dr Auto