Representative Example: You could borrow £10,699 over 60 months with an initial payment of £495.89 (including £199 Admin Fee) followed by 58 monthly payments of £296.89 with a final payment of £495.89 (including optional £199 Option to Purchase Fee). Total amount repayable will be £19,012,40. 26.1% APR, annual interest rate (fixed) 13.3%.
Buying a Used MG on Finance
If you’re thinking about buying a used MG, car finance can be a flexible way to spread the cost. Instead of paying everything upfront, finance lets you break it into monthly payments that suit your budget. MG cars are known for being affordable and well equipped, making them a great option if you're buying your first car or upgrading to something newer.
Yes, MG cars are definitely worth a look if you want a budget friendly car that still feels fresh and modern. MG has made a strong comeback in recent years by focusing on everyday drivers who want value without sacrificing features. Many of their cars come with a long manufacturer’s warranty up to 7 years, which offers great peace of mind and is better than many rivals.
Inside, even entry level MG models often include extras like touchscreen displays, Bluetooth, rear parking sensors, and smartphone connectivity as standard. That’s rare at this price point. MG cars are practical, affordable, and simple to own, making them a solid choice for first time buyers, families, or anyone who just wants a car that does the job without the high cost.
MG cars are generally affordable to run, but some models have had common problems that buyers should be aware of. For example, the MG ZS has been linked to engine overheating caused by head gasket issues, especially if coolant levels drop quickly. MG3 models have shown signs of gearbox issues, like gears getting stuck or slow changes and some vehicles have suffered from oil leaks around the engine seals.
Other drivers have reported premature rusting, particularly in areas with heavy rainfall or salt on the roads. Regular washing, especially underneath the car, can help prevent this. Finally, some MG’s may need more frequent checks if they’ve been driven hard or have not had frequent services. That said, routine maintenance and buying a car with a good service history can go a long way in keeping your MG in good shape.
MG keeps prices low by making cars that are smart, simple, and great value. They use cost-effective manufacturing and share components with other models made by parent company SAIC, which helps keep production costs down. This allows MG to offer better prices without cutting corners on the essentials.
What really sets MG apart is how much you get for your money. Unlike some rivals that charge extra for features like Apple CarPlay, reversing cameras, or alloy wheels, MG often includes these as standard. Their models are also economical to run and easy to insure, which adds to the savings. Overall, MG cars give you a lot for your money, whether you’re buying new or nearly new.
Most MG cars are not expensive to insure. Models like the MG3 and MG ZS fall into lower insurance groups, which helps keep premiums down, especially for younger or first time drivers. However, like any car, your insurance cost will also depend on your age, driving history, where you live, and even the type of property you live in. Still, MG’s reputation for affordability usually carries through to the cost of insuring them.
MG cars don’t hold their value quite as well as premium brands like Audi or BMW, but this isn’t always a bad thing. For buyers, it means you can find a nearly new MG for thousands less than the original price, making them great value on the used market.
Some models perform better than others when it comes to resale. The MG ZS and the MG5 EV tend to keep their value more steadily, especially when they’ve been well looked after. Choosing a car with low mileage, a full service history, and popular trim levels can help you get more back when it’s time to sell or part exchange. While resale values aren’t MG’s strongest point, the low starting price and long warranty help balance things out.
MG’s history stretches back to the 1920s when it became known for sporty British cars. But by the early 2000s, MG Rover, the company behind the brand at the time, was struggling. Sales were falling, costs were rising, and competition from bigger global brands made things worse. In 2005, MG Rover went into administration, and the factory in Longbridge closed.
The story didn’t end there. In 2007, Chinese carmaker SAIC Motor bought the MG brand and started to rebuild it. They shifted the focus from traditional sports cars to affordable, practical everyday cars. Since then, MG has steadily grown in the UK, launching models like the MG ZS, HS, and MG4 EV. Today, MG is known for being one of the best value brands on the market, with more buyers choosing them each year.
Here are some of the most popular MG models financed in the UK, and for good reason. Each one offers something different, depending on what the driver needs or prefers.
If you’re thinking about buying a used MG, finance could be a simple way to get the car you want without paying all at once. With HP, you make monthly payments and own the car at the end of the finance agreement.
Before applying, it’s worth checking your credit score, comparing offers, and making sure the car has a full service history. Choose a monthly payment that fits your budget.
Remember: When buying any used vehicle, there’s always a chance that issues may come up later. If you’ve financed a car and start to notice mechanical problems, it’s important to contact both your finance provider and the dealership where you bought the vehicle. Acting quickly can help get the issue resolved and protect your rights.
The MG ZS is one of the most popular MG models in the UK. It’s a compact SUV that combines practicality with affordability, making it especially attractive to young families and first-time SUV buyers. The boot space is around 448 litres, offering plenty of room for weekly shopping or luggage. It’s available with petrol or electric engines, with petrol models offering around 43-45 mpg and the electric version providing a range of up to 273 miles. Insurance costs are generally reasonable, sitting in the group 10–14 range depending on the model. It’s popular with drivers looking for an affordable, well-equipped alternative to more expensive SUVs, and its simple controls and raised driving position make it ideal for town and motorway use alike.
The MG HS is a larger family SUV, designed to rival models like the Nissan Qashqai or Kia Sportage but at a much lower price. It’s a full size SUV with a premium feel, boasting boot space of 463 litres and good legroom in the rear, ideal for growing families. It comes in both petrol and plug-in hybrid versions, with hybrids offering up to 32 miles of electric only range and combined fuel economy of over 150 mpg (on paper). The HS tends to sit in insurance groups 16–20, still quite affordable compared to similar size rivals. It’s well suited to school runs, road trips, or commuting, and it comes loaded with features like touchscreen infotainment and advanced safety tech even in base trims.
The MG 4 is MG’s fully electric hatchback and one of the most affordable EVs on the UK market. With a bold design, quick acceleration, and range options between 218–323 miles depending on the battery size, it’s a great option for drivers wanting to go electric without breaking the bank. Boot space is around 363 litres, and it's ideal for city driving, commuting, or as a second car for families. It’s often found in insurance groups 27–29, higher than MG's petrol models due to its EV status, but it remains cheaper to run thanks to low charging costs and zero road tax. It’s become a popular choice with environmentally conscious buyers and drivers moving away from fuel cars.
The MG 5 is one of the UK’s only all-electric estate cars, offering generous space and excellent running costs. It’s perfect for business users, families, or drivers who regularly carry large loads. With a boot space of 578 litres, rising to over 1,400 litres with the seats down, the MG 5 beats many rivals on practicality. It offers up to 250 miles of range, depending on battery size and trim, and has impressive real-world efficiency. It’s ideal for long distance drivers who want space without the fuel costs. Insurance groups range from 27–31, but owners benefit from low maintenance costs and BIK tax savings if used as a company car.
The MG 3 is a small, budget friendly hatchback that's particularly popular with younger drivers and those looking for a no frills daily car. It’s known for being affordable to buy, run, and insure, sitting in insurance group 4, which is ideal for new drivers. Fuel economy is around 43 mpg, and the boot offers 285 litres of space, which is decent for a supermini. Though it’s a bit dated compared to other models in MG’s range, it’s fun to drive and well equipped for the price. The MG 3 appeals to first time buyers, students, or city drivers who want something reliable and economical without needing lots of tech or extras.
