MG MG5 MG5 Electric Estate 115kW Trophy EV Long Range 61kWh 5Dr Auto

MG MG5 MG5 Electric Estate 115kW Trophy EV Long Range 61kWh 5Dr Auto

Lease from

/ month

To see how much you could save, please select a tax band

P11D

£33,440 4% BIK

At the end of the lease, simply hand the EV back and don’t worry about its second-hand value or its battery health! However, take out full maintenance for peace of mind and reduce any potential hand-back charges.

Get This Deal Call 01995 642470

Salary Sacrifice Quote

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Net Lease Cost

Monthly

£880

Annual

£10,555

Calculation Breakdown

Description
Monthly Annual
Lease excluding VAT
£1,247.05 £14,964.60
Maintenance excluding VAT
£0.00 £0.00
20% VAT
£249.41 £2,992.92
Employer 13.2% VAT hand back on lease
£124.71 £1,496.52
Employer 20% VAT hand back on maintenance
£0.00 £0.00
Inclusive lease price
£1,371.75 £16,461.00
Employer Contribution (8% NI Saving)*
£181.07 £2,172.84
Lease cost employer pays
£1,190.68 £14,288.16
Tax saving (20%)
£238.14 £2,857.68
Employee NI saving (8%)
£95.26 £14,288.16
Benefit in Kind (BIK) Tax (4%)
£22.30 £267.60
Net Lease Cost
£879.58 £10,554.96
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