MG MGS5 MGS5 ELECTRIC ESTATE 170kW SE EV Long Range 64kWh 5dr Auto

MG MGS5 MGS5 ELECTRIC ESTATE 170kW SE EV Long Range 64kWh 5dr Auto

Lease from

/ month

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

P11D

£25,487 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

£595

Annual

£7,139

Calculation Breakdown

Description
Monthly Annual
Lease excluding VAT
£840.66 £10,087.92
Maintenance excluding VAT
£0.00 £0.00
20% VAT
£168.14 £2,017.68
Employer 13.2% VAT hand back on lease
£84.07 £1,008.84
Employer 20% VAT hand back on maintenance
£0.00 £0.00
Inclusive lease price
£924.73 £11,096.76
Employer Contribution (8% NI Saving)*
£122.06 £1,464.72
Lease cost employer pays
£802.67 £9,632.04
Tax saving (20%)
£160.54 £1,926.48
Employee NI saving (8%)
£64.22 £9,632.04
Benefit in Kind (BIK) Tax (4%)
£17.00 £204.00
Net Lease Cost
£594.91 £7,138.92
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