BaseRate
Current Australian Electric range

MG MGS5 EV

Compare 2 published MGS5 EV choices, new versus used and select a finance term that suits your budget.

New MGS5 EV finance estimate$192–$215 / week*
$41,990 advertised drive-away price · about $192/week
Compare variants ↓
  • Access to 60+ asset-finance lenders
  • Online application when ready
  • Lender criteria apply

*Illustrative estimate across the published MG drive-away range, at 7.99% p.a. over five years with a $1,000 deposit, no balloon and excluding lender fees. Drive-away prices vary by state, registration type, delivery and offers. Finance estimate only; lending criteria apply.

Pricing and specifications checked 8 August 2026 against MG Australia current MGS5 EV configurator and finance offer.

2026 MG MGS5 EV
2variants
125kWpower
5seats

Choose your variant

Swipe to compare 2 featured variants

Selected variant

Essence 49kWh RWD

Power
125kW
Energy use
18kWh/100km · generic estimate

Exact derivative identity reviewed against MG.

Compare vehicles

How does the MGS5 EV compare?

Compare price, weekly repayment, practicality, warranty and safety.

versus
Right vehicle · search 58 cars
Right variant · closest price selected
Popular comparisons
2026 MG MGS5 EV Essence 49kWh RWDYour MGS5 EV
MG MGS5 EV

Essence 49kWh RWD

$41,990Single electric motor · 5 seats
Price reference$41,990 drive-away$39,990 drive-away
Weekly estimate$192$182
Fuel / powertrainSingle electric motor150kW single electric motor, front-wheel drive
Body typeSUVSUV
Seats5 seats5 seats
2026 BYD Atto 3 EssentialCompare with
BYD Atto 3

Essential

$39,990SUV · 150kW single electric motor, front-wheel drive

Each derivative’s price basis is shown. RRP and indicative prices exclude on-road costs; drive-away references include them. Repayments use your selected finance settings.

Estimate MGS5 EV repayment ↓
Finance studio

Shape the Essence 49kWh RWD around your budgetPersonalise your MGS5 EV repayment

Start at a $1,000 deposit and five years. Every result updates from the selected derivative.

Estimated weekly repayment$192/week$40,990 financed
Published advertised drive-away price · Essence 49kWh RWD$41,990

Only accessories accepted by the lender may be financeable. Loan-to-value limits and lender criteria apply.

Adjust this illustrative rate to test affordability. Your actual rate may be higher or lower and depends on the lender, vehicle and your circumstances.

Finance input notes

Only accessories accepted by the lender may be financeable. Loan-to-value limits and lender criteria apply. Adjust this illustrative rate to test affordability. Your actual rate may be higher or lower and depends on the lender, vehicle and your circumstances.

Estimated weekly repayment$192 / week
Vehicle plus accessories
$41,990
Estimated amount financed
$40,990
Indicative annual income guide
From $30,000 p.a.
Term
5 years
Illustrative rate
7.99% p.a.
Balloon
$0

Finance estimate only. Fees, accessory eligibility, lender criteria and individual circumstances can change the result. The income guide assumes the repayment is no more than 35% of gross income. This is not an offer, serviceability assessment or approval.

Your selections will be carried into the finance journey.Compare new versus used
Estimated cost to own

Finance is one cost. Ownership is the full picture.

BaseRate provides the finance estimate only. Every other figure is an indicative weekly ownership allowance and is paid separately.

Estimated weekly ownership total$300/week
Estimated driving distance15,000 km/yearUsed for the energy estimate below.
Your electricity-price assumption$0.35/kWhChange this to match your local charging price.
BaseRate finance estimateCalculated from the inputs above$192/week
Electricity52kWh/week at 18kWh/100km generic estimate$18/week
InsuranceIndicative vehicle-value allowance$37/week
Servicing & maintenanceIndicative weekly allowance$19/week
TyresBased on your annual kilometres$13/week
RegistrationWA private estimate · refine at the bottom$21/week
Estimated weekly total$300/week

Only the finance repayment is provided by BaseRate. Energy, insurance, servicing, maintenance, tyres and registration are indicative estimates and are not included in the finance repayment.

Finance pathway

How will you use this MGS5 EV Essence 49kWh RWD?

$41,990 is the vehicle-price starting point. Purpose determines the first finance pathway; security and evidence come next.

Mainly personal use

Secured consumer finance is the usual starting point

The MG MGS5 EV Essence 49kWh RWD and the applicant are assessed together. Price, deposit, term, credit conduct and affordability can all change the available structure.

  • Vehicle usually supports the loan
  • Consumer assessment and protections apply where relevant

Mainly business use

Compare the commercial ownership structure

A chattel mortgage, finance lease or hire purchase can place ownership and end-of-term obligations differently. Low doc describes evidence—not the product.

  • Predominant business purpose matters
  • Confirm ownership, evidence, balloon or residual

These are starting pathways, not product recommendations or approval indications. Unsecured finance may also be relevant when a vehicle is not accepted as security.

Compare loan types Estimate repayment
New, used and ATO indicative depreciation

Would new or three-year-old suit you better?

The same ATO benchmark informs the used-price illustration and the depreciation curve. It does not claim to predict MGS5 EV market resale value.

Buy new · Essence 49kWh RWD$41,990$192/week estimated finance
  • Current published MG advertised drive-away price
  • Full new-car warranty
  • Current model specification
or
Illustrative three-year-old equivalent$19,700$87/week estimated finance
  • Lower indicative purchase price
  • Exact kilometres and condition matter
  • Used finance options available
ATO indicative value after three years$19,70046.88% of the selected published price reference using the eight-year effective-life benchmark.
What changes the real resultAge, kilometres and conditionSpecification, market demand, service history and location may also materially change actual resale value.
ATO indicative depreciation

Indicative value versus loan balance

ATO indicative valueLoan balance
Year 5: $11,812 indicative value · $0 loan balanceBased on the ATO eight-year effective-life residual benchmark. This is an indicative benchmark, not a resale valuation. Depreciation varies with vehicle age, kilometres, condition, specification and market demand.
Ownership essentials

MGS5 EV ownership at a glance

Compare the facts that matter when you plan to keep, tow with and service your vehicle.

Towing capacityNot published
Buyer questions

MG MGS5 EV finance FAQs

Clear answers about repayment assumptions, deposits, accessories and the information lenders may need.

How much are MG MGS5 EV repayments per week?

For a 2026 MG MGS5 EV using a $41,990 manufacturer-advertised drive-away price, with a $1,000 deposit over 5 years at 7.99% p.a., estimated weekly repayments are around $192. Your actual repayments will vary based on your deposit, loan term, interest rate and whether you include a balloon payment. Use our calculator above for a personalised estimate.

Can I finance a Tesla or other electric vehicle through BaseRate?

Yes. BaseRate can arrange finance for Tesla Model Y, Tesla Model 3 and other EVs including BYD, Hyundai, MG, Zeekr and more. EV finance works the same way as any car loan. Some lenders offer preferential rates for EVs. Rates and eligibility depend on the lender, your profile, the vehicle and the loan structure. Government stamp duty concessions may also apply in some states, check your state government website for current EV incentives.

Can I finance a Chinese brand car like BYD, GWM or Chery?

Yes. Chinese brand vehicles including BYD, GWM (Haval), Chery, MG, Omoda, Jaecoo, Geely, Zeekr and Xpeng are fully financeable through the Australian car loan market. Lenders treat them the same as any other vehicle. As these brands grow in Australia, resale value data is improving. BaseRate can arrange finance for any new vehicle from a registered Australian dealer.

Can I use a trade-in instead of a cash deposit?

A trade-in can reduce the amount you need to finance in the same way as a cash deposit. The usable amount is the trade-in value less any finance still owing on that vehicle. The final loan structure remains subject to valuation, lender criteria and credit assessment.

Can dealer-fitted accessories be included in the car loan?

Some lenders may allow eligible dealer-fitted accessories to be included in the loan. Approval depends on the accessory, total loan-to-value ratio, vehicle and lender criteria. Add accessories to the estimate, then confirm what a specific finance option permits before proceeding.

Estimated cost to own

Annual registration estimate

Registration is not one national flat fee. Select where the MG MGS5 EV Essence 49kWh RWD will be registered and we’ll apply that jurisdiction’s current renewal method.

Refine vehicle assumptions

Model pages use a representative vehicle until an exact derivative is selected. Check the compliance plate or manufacturer specification for exact figures.

WA · 12-month private renewal

$1,102

about $21 per week

Registration and vehicle charge
$572
Compulsory injury cover allowance
$521
Other statutory charges
$10

Tare weight rounded up to 100kg, plus annual MII and recording fee.

1,900kg estimated kerb weightElectric powertrain

Uses the standard private motor-car or goods-vehicle MII class. Estimate uses fees effective 1 July 2026. Excludes stamp duty, transfer fees, inspections, concessions, special plates and temporary rebates. Transport WA licence fees