MG4 EV Urban Essence 54
5-year lease
Free estimate. No contact details needed.
Full FBT exemptionSigning: before 31 Mar 2027
Indicative pricing, not a dealer quote. WLTP is a laboratory comparison; real-world range varies.
Make it yours.
vs a standard car loan
Full FBT exemptionCosts, timing and assumptions
Now: before 31 Mar 2027 (Phase 1) · $3,200/yr estimated running costs · 7.5% interest · $0 deposit
Payable at the end of the lease. Included in the comparison with a standard car loan.
Not taxed, but it's a reportable fringe benefit, so it can affect HELP repayments, the Medicare levy surcharge and Centrelink.
*Indicative vehicle price, not a live quote. Check whether on-road costs are included. These figures are general information only. They are not financial, tax, or credit advice, and your actual costs and savings may differ.
View full cost breakdown
5-year cost, side by side
Where the annual $9,538 comes from
Common questions
MG4 EV Urban is a separate front-wheel-drive model from the rear-wheel-drive MG4. Rear luggage space is 382 L with the seats upright, plus a separate underfloor compartment.
Manufacturer campaigns, when available, are separate from the indicative drive-away price. An itemised manufacturer list price has not been verified, so the calculator estimates the vehicle value from the drive-away price. Confirm that value and offer eligibility with your provider.
Notes reviewed · MG Australia specifications and pricing
Current manufacturer offers
Retail offer: $2,000 cashback
New and selected demonstrator vehicles sold and delivered 1 November to 31 December 2026 at participating dealers, while stocks last, deducted from the purchase price. Not available to fleet, government, hire car or rental buyers, and not combinable with other offers. The cashback is not included in our calculator.
What does the price include?
The $34,990 shown is an indicative price (drive-away), not a live offer. Your location, options and dealer quote can change the total. Confirm an itemised price before comparing finance.
How are my costs calculated?
The calculator above uses your salary and lease term. Savings are compared with a standard car loan; they are not a discount on the vehicle. Running costs are estimated until you enter your own budget.
Compare another car in the EV novated lease calculator.
Compare MG4 EV Urban variant lease costs
Does my employer need to offer novated leasing?
Yes. Your employer needs to support salary packaging for the lease. You can use the calculator without entering contact details, then check with payroll which providers and arrangements your employer accepts.
What happens at the end of the lease?
The calculator shows an estimated final payment to keep the car. Your lease contract sets the actual amount and end-of-lease options. Check these with your provider before signing; refinancing or changing cars may require a new agreement.
What happens after I request a callback?
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 email yourself the estimate instead.
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