We've noticed that MG has been engaging in a lot of advertising lately and it has piqued our interest to see what all the fuss is about. What has changed and what's new with this once very British car maker (now owned by Auto Shanghai)? MG stands for Morris Garages and the brand dates back to 1924. For baby boomers and older generations, the MG was the sports car of dreams and aspirations - the TA and TC especially. The two-door, two-seater, low to the ground car which grew from a soft-top convertible to several hard-tops over time. In the 1970s it was all about the MGB.
Enough of reminiscing and flash-backs that was way back when. Fast forward to 2020-21 and what??? At Jade Car Loans we take an interest in the complete motor vehicle market so we were keen to see what the new generation MG has to offer our customers. The current advertising campaign appears to be associated with some great price offers. Match that with a Jade cheap business car financing rate and that could be your new vehicle sorted.
Current MG Collection
The MG range currently available on the Australian market consists of a light hatch and a compact SUV with variants of each. MG appears to be ‘reading the market’ with the SUV.
For buyers who want a smart city runabout and for young drivers who want a small, inexpensive car, the light hatch will be welcomed. Especially as several other car makers seem to have ceased availability of this category in Australia as so many buyers turn to SUVs. The price range is in that very affordable category, especially for a vehicle with the pedigree and instantly recognisable badge that MG represents.
The light hatch, the MG3, is available in 3 variants: Core, Core with Nav and Excite. All have a 4 cylinder 1.5 litre petrol engine, 4 speed auto transmission, 5 doors with handy hatch, 6 airbags, ABS, 4 or 6 speakers sound system dependent on model with Bluetooth and USB, 60:40 rear seat folding and have a Euro 5 for emissions rating. Available in a fun range of colours including yellow, red, and blue which will likely appeal to many buyers in this category.
At an advertised starting price for the Core under $17,000 plus delivery, dealer etc. charges, the MG3 looks like one to consider for those who want a light hatch with a level of sports heritage and panache. The Core with Nav and Excite variants have added features and step up in price. Refer to the Jade Business vehicle Loan calculator to see how estimated repayments increase with the advertised pricing on the 3 variants.
The market has turned and MG has turned with it to SUVs. They offer 4 SUV models with variants in each so you’ll need to study the specs and features to select which best suits your requirements. The MG ZS EV Essence is the brand's electric vehicle and presents an interesting package to consider for a currently advertised drive away price point under $44,000.
As expected, the other models are at lesser price points with the MG ZST with its two variants – Excite and Essence – starting at just under the $30,000 mark. The ZST has a 3 cylinder, 1.3 litre turbo petrol engine, with 6 speed transmission. Plenty of safety features to meet the expectations of a family drive buyer and the space and style for the business buyer. In a very crowded compact SUV market, the MG could be worth including on your test drive list.
MG Finance Options
When weighing up the different model variants, buyers can consider if they need or want the added extras while at the same time comparing the cost of the options in terms of car loan repayments. Our car loan calculator allows you to easily vary the loan amount and see how that changes the repayments.
For business buyers, Jade Car Loans offers the full range of finance products such as commercial vehicle finance to purchase an MG. The SUV in particular may make the ideal work and play crossover, with a spacious cargo area for handling your customer deliveries.
To finance your MG, it’s your choice of:-
- Chattel Mortgage
- MG Leasing
- Hire Purchase Vehicle
All with the option of a balloon/residual and priced at our Jade cheap interest rates.
For private buyers, our Jade Secured Car Loan is the most commonly used loan product. It’s easy to understand that the car is used as security against the loan and the loan is repaid in equal monthly instalments over the fixed loan term.
Applying for finance for a new MG is easy, simply use our online application form or apply over the phone. You will be assigned one of our consultants to assist you through the entire MG finance process through to the settlement and delivery of your new MG.
For a finance quote on a new MG hatch or SUV contact Jade Car Loans at 1300 000 003
DISCLAIMER: THE INFORMATION AND THE DETAILS WHICH HAVE BEEN INCLUDED IN THE ARTICLE IS PROVIDED AS GENERAL INFORMATION ONLY. THERE IS NO INTENTION THAT THIS BE THE ONLY SOURCE OF FINANCIAL INFORMATION FOR THE READER. IT IS INTENDED AS GENERAL IN NATURE. IF A READER CONSIDER THEY REQUIRE FINANCIAL ADVICE AROUND THEIR OWN PERSONAL FINANCES, THEY ARE DIRECTED TO CONSULT WITH A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY ERRORS OR MISREPRESENTATIONS OF DATA, FIGURES, FEATURES AND INFORMATION AS SOURCED FROM OTHER SOURCES SUCH AS MANUFACTURERS OR GOVERNMENT DEPARTMENTS AND AUTHORITIES.
