MGMotorUk MG4 HATCHBACK 125kW SE [Nav] EV 49kWh 107019

MGMotorUk MG4 HATCHBACK 125kW SE [Nav] EV 49kWh 107019

Lease from

/ month

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

P11D

£22,153 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.

Salary Sacrifice Quote

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Lease Details

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Personal Details

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Address Details

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Business Contact Details

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Net Lease Cost

Monthly

£736

Annual

£8,832

Calculation Breakdown

Description
Monthly Annual
Lease excluding VAT
£1,049.11 £12,589.32
Maintenance excluding VAT
£0.00 £0.00
20% VAT
£209.83 £2,517.96
Employer 13.2% VAT hand back on lease
£104.92 £1,259.04
Employer 20% VAT hand back on maintenance
£0.00 £0.00
Inclusive lease price
£1,154.02 £13,848.24
Employer Contribution (8% NI Saving)*
£152.33 £1,827.96
Lease cost employer pays
£1,001.69 £12,020.28
Tax saving (20%)
£200.34 £2,404.08
Employee NI saving (8%)
£80.14 £12,020.28
Benefit in Kind (BIK) Tax (4%)
£14.77 £177.24
Net Lease Cost
£735.98 £8,831.76
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