Choose your MG4 EV Urban, then see what fits your pay.
Illustrative image only. Actual model may differ.
Generic illustration. Model image coming soon.
Estimated take-home cost
From $118 / week$110,000 salary · 5-year lease
$16,282 estimated saving over 5 years vs a car loan.
FBT-exemptFinal payment of $9,107 is separate. An estimate, not a quote.
2 variants · Up to 405 km WLTP across the line-up
Essence 43 at different salaries. Tax saved is the estimated income tax reduction each year.
| Salary | Tax saved / year | Cost / week |
|---|---|---|
| $70k | $2,882 | $118 |
| $90k | $2,882 | $118 |
| $110k | $2,882 | $118 |
| $135k | $2,882 | $118 |
| $160k | $3,513 | $106 |
| $190k | $3,513 | $106 |
Yes, across the range. The dearest MG4 EV Urban we track is the Essence 54, and even its estimated list price of $31,041 leaves about $60,620 of headroom under the $91,661 luxury car tax threshold. Every variant therefore qualifies for the electric car FBT exemption, and the whole novated lease, running costs included, can come out of pre-tax salary.
Not on current prices. The dearest exempt variant, the Essence 54, has a estimated list price of $31,041, about $43,959 under the announced $75,000 cap, so a new MG4 EV Urban lease keeps the full exemption after 1 April 2027 under the current proposal. A price rise before then could change that. Leases signed earlier are unaffected either way.
There is no minimum, but the saving tracks your marginal rate. On the Essence 54, the estimated saving over the term runs from about $17,385 on a $70,000 salary to about $20,724 on $190,000. The steepest jump is where your income crosses into the 37% bracket, because that is the rate the packaged amount comes off. Calculate the MG4 EV Urban Essence 54 on your salary
They are estimates, not a quote. Each variant uses its own catalogue price. These answers use the Essence 54 at $34,990 indicative drive-away, a 5-year term and a $110,000 salary. Interest rates, fees and running costs can change a provider's quote. Personalise the estimate in the calculator.
Yes. Your employer needs to support salary packaging for the lease. You can estimate the Essence 54 here without entering contact details, then check with payroll which providers and arrangements your employer accepts.
For the Essence 54, the estimate includes lease finance, estimated running costs and a typical provider fee, after estimated tax savings. It is not just a finance repayment. The annual cost excludes any upfront deposit and the final payment to keep the car; review the calculator breakdown and your provider's quote.
Yes. The 5-year Essence 54 example has an estimated final payment of $9,954 to keep the car. That payment is separate from the displayed annual cost. Your lease contract sets the actual amount and end-of-lease options.
You review the contact form and consent before submitting. Your enquiry and estimate are sent to our leasing and finance partner, so they can discuss your needs and next steps. Requesting a callback does not commit you to a lease. You can also choose to email yourself the estimate instead.
Adjust your salary, lease term and running costs to see your own numbers.
An estimate, not a provider quote.
Illustrative image