Get a Carsnitch Report for Free Owner, price, MOT & dealer.

Used MG on Finance

Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

Financing a MG

Looking to finance a used MG in the UK? Here's a straightforward guide to help you understand what's involved and how to proceed confidently.

Simple Guide: Financing a Used MG in the UK

Why Choose MG?

  • Established British heritage, now reborn with modern engineering and design.
  • Offers a range of vehicles from compact cars to SUVs, including electric options.
  • Affordability meets functionality and style.
  • Growing reputation for reliability and safety.

Starting Your MG Hunt:

  • Explore MG's official 'Approved Used' programme for reliable choices.
  • Visit local MG dealerships to see available used models firsthand.
  • Scour online car sale platforms for broader options.
  • If considering a private purchase, don't skip thorough checks and inspections.

Top MG Models in the UK:

  1. MG ZS - Compact SUV with comfort and tech features.
  2. MG 3 - Stylish small hatchback known for affordability.
  3. MG 5 - Electric estate car with ample space.
  4. MG HS - Larger SUV with modern tech and safety features.

Common Finance Options:

  1. PCP (Personal Contract Purchase): Start with an initial deposit, then monthly payments. When the contract ends, choose to return, buy, or part-exchange the car.
  2. HP (Hire Purchase): Deposit followed by monthly payments, and once they're complete, the car is yours.
  3. Leasing: Essentially rent the MG for monthly payments, without the option to buy.

Credit Score Matters:

  • A good credit score can make financing easier and may help you get better rates.

Setting Your Budget:

  • Decide on a clear monthly spend limit and initial deposit amount.
  • Factor in additional costs: insurance, maintenance, and fuel.

Before Finalizing:

  • Always check the MG's service history.
  • Confirm mileage with MOT records and logs.
  • Understand all aspects of the finance deal, including any hidden fees.

Negotiation Tips:

  • Know the average price for the specific MG model you're eyeing.
  • Use things like the car's condition, age, and mileage as talking points.
  • Understand the finance terms thoroughly before agreeing.

With this information in hand, you're all set to make a wise choice when financing a used MG in the UK. Safe travels!

About MG

Once a quintessential British brand known for its sports cars, MG has experienced a renaissance in recent years, transitioning to produce a range of modern SUVs, hatchbacks, and even electric vehicles. With its blend of historic charm and contemporary technology, MG has regained its presence on the UK roads.

Key Features and Specifications

  • Affordability: One of MG's standout features in today's market is its competitive pricing, making it an accessible choice for a wide range of buyers.
  • Modern Tech: Many MG models come equipped with the latest infotainment systems, safety features, and connectivity options.
  • Electric Mobility: MG has been proactive in embracing the electric revolution, offering models like the MG ZS EV.
  • Design: While modern in outlook, MG vehicles still carry design cues that pay homage to the brand's rich heritage.

Most Popular Models in the UK

While the classic MG models remain collectors' items, the brand's new lineup has found favour among contemporary UK motorists:

  • MG ZS: A compact SUV that offers both petrol and electric variants, combining practicality with modern amenities.
  • MG3: A stylish hatchback, the MG3 is recognised for its value for money and decent equipment levels.
  • MG HS: Positioned as a more premium SUV, the HS provides a spacious interior and a range of tech features.
  • MG5 EV: As one of the few electric estate cars available, the MG5 EV breaks new ground for both the brand and the segment.

As MG continues its journey of transformation and growth, its appeal to the UK audience only seems to be strengthening, thanks to its harmonious blend of heritage and innovation.

MG Data

Find out which MG vehicles are most popular, their average price, age and mileage and recent sales.

ModelStockAvg PriceAvg AgeAvg MileageRecent Sales
All MG5,028£17,3351630,2097,328
MGB GT8£14,8734844,8302
Add postcode for better results.