MG MGS5 MGS5 ELECTRIC ESTATE 125kW SE EV 49kWh 5dr Auto

MG MGS5 MGS5 ELECTRIC ESTATE 125kW SE EV 49kWh 5dr Auto

Lease from

/ month

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

P11D

£23,403 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

£614

Annual

£7,358

Calculation Breakdown

Description
Monthly Annual
Lease excluding VAT
£869.21 £10,430.52
Maintenance excluding VAT
£0.00 £0.00
20% VAT
£173.85 £2,086.20
Employer 13.2% VAT hand back on lease
£86.93 £1,043.16
Employer 20% VAT hand back on maintenance
£0.00 £0.00
Inclusive lease price
£956.13 £11,473.56
Employer Contribution (8% NI Saving)*
£126.20 £1,514.40
Lease cost employer pays
£829.93 £9,959.16
Tax saving (20%)
£165.99 £1,991.88
Employee NI saving (8%)
£66.40 £9,959.16
Benefit in Kind (BIK) Tax (4%)
£15.61 £187.32
Net Lease Cost
£613.15 £7,357.80
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