What should I be paying?
So, the ownership prospect. Here’s where the MG4 hits hard. As mentioned, the MG4’s residual values have been predicted to be absolutely golden; more like a Porsche Taycan than a Renault Zoe. And good residuals are the cornerstone of cheap leases and agreeable finance.
The base model weighs in at £330 a month with four grand down and 10k miles a year, the SE LR £375 and the Trophy around £430; and that’s from MG’s own finance portal. Shop around and you could get it even cheaper.
There’s a seven-year (80,000-mile, fully transferable) warranty, and a lot of standard kit on offer, too. Although you have to pay a bit of attention to the spec sheets to make sure the model you get has everything you want on it.
The base SE model with the smaller battery comes with automatic LED headlights, adaptive cruise control, rear parking sensors, climate control, digital dials and that 10.25-inch touchscreen with Apple CarPlay and Android Auto, as well as a load of other bits and bobs like the iSmart app and a bluetooth ‘key’ for your phone. There’s even vehicle-to-device charging as standard, and you think you won’t find a use for that, but when you do…
For an extra £2,500 ish, you can have the SE Long Range, which gets the same kit and the bigger battery, but also active grille shutters in the front to improve efficiency.
And then there’s the Trophy which you can only get in Long Range form for £32,495. That gives you a black roof, the funky double spoiler and tinted windows, heated leather front seats, sat nav, a 360-degree camera, wireless phone charging and additional safety features like blind-spot monitoring.
And yep, you can choose from six different colours. Our gut feeling is that the Long Range SE is probably the best bet at the moment, though MG reckons that most of the orders so far are for full-house Trophy versions.
But perhaps most importantly, MG reckons it can actually lay its hands on cars. Given the industry-wide supply-chain issues, that’s a bigger deal than it might seem.