MG Motor UK IM5 ELECTRIC HATCHBACK 553kW Performance 100kWh 5dr Auto

MG Motor UK IM5 ELECTRIC HATCHBACK 553kW Performance 100kWh 5dr Auto

Lease from

/ month

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

P11D

£48,930 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.

Vehicle Specification

Performance

Range

357 miles

Top Speed

166 mph

0-62 mph

3.2 secs

Fuel

Electric

Dimensions

Seats

5 seats

No. Doors

5 doors

Body Style

hatchback

Boot Space

457 litres

Car Size & Weight

Length

4931 mm

Width

1960 mm

Weight

2730 kg

Salary Sacrifice Quote

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Lease Details

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Address Details

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Net Lease Cost

Monthly

£880

Annual

£10,558

Calculation Breakdown

Description
Monthly Annual
Lease excluding VAT
£1,232.32 £14,787.84
Maintenance excluding VAT
£0.00 £0.00
20% VAT
£246.47 £2,957.64
Employer 13.2% VAT hand back on lease
£123.24 £1,478.88
Employer 20% VAT hand back on maintenance
£0.00 £0.00
Inclusive lease price
£1,355.55 £16,266.60
Employer Contribution (8% NI Saving)*
£178.93 £2,147.16
Lease cost employer pays
£1,176.62 £14,119.44
Tax saving (20%)
£235.33 £2,823.96
Employee NI saving (8%)
£94.13 £14,119.44
Benefit in Kind (BIK) Tax (4%)
£32.62 £391.44
Net Lease Cost
£879.78 £10,557.36
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