MG MG4 MG4 Hatchback 320kW EV Xpower 64kWh 5Dr Auto

MG MG4 MG4 Hatchback 320kW EV Xpower 64kWh 5Dr Auto

Lease from

/ month

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

P11D

£33,225 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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Lease Details

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Net Lease Cost

Monthly

£924

Annual

£11,081

Calculation Breakdown

Description
Monthly Annual
Lease excluding VAT
£1,310.92 £15,731.04
Maintenance excluding VAT
£0.00 £0.00
20% VAT
£262.19 £3,146.28
Employer 13.2% VAT hand back on lease
£131.10 £1,573.20
Employer 20% VAT hand back on maintenance
£0.00 £0.00
Inclusive lease price
£1,442.01 £17,304.12
Employer Contribution (8% NI Saving)*
£190.34 £2,284.08
Lease cost employer pays
£1,251.67 £15,020.04
Tax saving (20%)
£250.34 £3,004.08
Employee NI saving (8%)
£100.14 £15,020.04
Benefit in Kind (BIK) Tax (4%)
£22.15 £265.80
Net Lease Cost
£923.34 £11,080.08
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