MG 5 SW costs, insurance, warranty & tax
A low purchase price, zero road tax, very competitive BiK rates and a long warranty all mean the MG 5 should cost pennies to run
|Insurance group||Warranty||Service interval||2021/22 company-car tax cost (20%/40%)|
|32||7yrs / 80,000 miles||1yr / 15,000 miles||From £55 / £110|
The MG 5’s running costs really hammer home the benefit of electric cars, and MG throws in a few sweeteners of its own in the form of one of the longest warranties in the industry, generous service intervals and comprehensive service packages. Whether buying privately or for business, running costs should be low, thanks to 0g/km CO2 emissions – although you may find insurance a little more pricey than for a combustion-engined estate.
MG 5 SW insurance group
The MG 5 falls into group 32 for insurance. With no direct equivalent in the market, it’s difficult to draw direct comparison, but an electric SUV like the Kia e-Niro spans bands 20-29 depending on trim level, so the MG 5 is perhaps a touch higher-rated than some cars that cost a little more to buy.
Short of Kia, the MG 5’s seven-year/80,000-mile warranty is the longest in the industry, and a huge reassurance for anyone concerned about the longevity of electric cars. Kia’s warranty goes 20,000 miles further over those seven years, but 80,000 miles really isn’t to be sniffed at, particularly as it fully covers the battery pack, too.
We’ve got used to seeing some fairly broad service intervals on electric cars, and the MG 5 is little different. While MG still recommends the car comes in for a checkup each year, you can do up to 15,000 miles in that year – a benefit of not requiring oil and filter changes like a combustion-engined model. MG also offers service plans for the 5, priced from as little as £6 per month over two to five years. 12 months' AA roadside assistance is also included.
With a CO2 emissions figure of 0g/km, the MG 5 neatly falls into the bottom road-tax band and so won’t cost a penny in VED when first registered – or any year thereafter, for that matter.
It’ll cost very little for business users to run either, as Benefit-in-Kind is just 1% during the 2021/22 tax year. That effectively means spending less on a year’s BiK than most people will spend on a tank of petrol for a conventional car. And the rate increases only to 2% in 2022/23.
In This Review
- 1VerdictIt may not be the most exciting or desirable electric model on sale, but the MG 5 EV electric estate car makes a lot of sense on many levels
- 2Range, battery & chargingA healthy battery size means a decent range for the MG 5, and charging times aren’t too bad either – whether topping up at home or on the road
- 3Running costs & insurance - currently readingA low purchase price, zero road tax, very competitive BiK rates and a long warranty all mean the MG 5 should cost pennies to run
- 4Electric motor, drive & performancePerformance is pretty strong, but the MG 5's overly soft suspension means it's not very satisfying to drive
- 5Interior, dashboard & comfortIt doesn't have the most stylish interior available at this price point, but the MG 5 is comfortable and well equipped even in entry-level form
- 6Boot space, seating & practicalityA practical estate bodystyle pays dividends for both passenger space and boot volume in the MG 5, both of which are competitive for a car of this price
- 7Reliability & safety ratingThere are no independent crash-test or owner satisfaction scores yet, but the MG 5 has the simplicity of an electric drivetrain on its side