MG 4 EV Novated Lease
Calculate novated lease savings on the MG 4 EV ($38,990.00).
Last verified: 2025-07-01 | 2025-26 tax rates
MG 4 EV Novated Lease at a Glance
$38,990.00
EV
450 km
64 kWh
$0 (exempt)
$3,544.55
MG 4 EV Novated Lease Savings by Salary
| Salary | Fortnightly | Tax saving | Total saving |
|---|---|---|---|
| $70,000.00 | $569.81 | $7,111.27 | $11,555.82 |
| $85,000.00 | $569.81 | $7,111.27 | $11,555.82 |
| $100,000.00 | $569.81 | $7,111.27 | $11,555.82 |
| $120,000.00 | $569.81 | $7,111.27 | $11,555.82 |
| $150,000.00 | $569.81 | $8,666.86 | $13,111.41 |
MG 4 EV Annual Running Costs
| Charging | $520.00 |
| Insurance | $1,100.00 |
| Registration | $800.00 |
| Servicing | $400.00 |
| Total per year | $2,820.00 |
Buying vs Novated Lease: MG 4 EV
Comparison for an $85,000 salary over 3 years:
Buying outright
$48,890.00
After-tax dollars
Novated lease
$44,445.45
Pre + post-tax mix
Is the MG 4 EV worth it on a novated lease?
The MG 4 EV is one of Australia's most popular electric vehicles and makes an excellent choice for novated leasing. As an EV priced under $91,387, it qualifies for the FBT exemption, meaning you pay $0 in Fringe Benefits Tax. This makes the MG 4 EV significantly cheaper through salary sacrifice than buying outright.
At a driveaway price of $38,990.00, you save $3,544.55 in GST alone. Combined with income tax savings from salary sacrifice, total savings over a 3-year lease can exceed $11,555.82 on an $85,000 salary.
With a 64 kWh battery and 450 km of range, the MG 4 EV handles daily commuting with ease. Annual charging costs are approximately $520.00 compared to $2,000+ for a comparable petrol car.
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Frequently Asked Questions
How much does a MG 4 EV novated lease cost?
On an $85,000 salary with a 3-year lease, the MG 4 EV ($38,990.00) costs approximately $569.81 per fortnight including running costs.
Is the MG 4 EV FBT exempt?
Yes, the MG 4 EV is FBT exempt as it is an electric vehicle priced under $91,387. You pay $0 FBT on a novated lease until March 2027.
How much can I save on a MG 4 EV novated lease?
On an $85,000 salary over 3 years, you can save approximately $11,555.82 through GST savings, reduced income tax, and $0 FBT.
What are the running costs of a MG 4 EV?
Annual running costs for the MG 4 EV are approximately $2,820.00, including charging ($520.00), insurance ($1,100.00), rego ($800.00), and servicing ($400.00).
What is the range of the MG 4 EV?
The MG 4 EV has a range of approximately 450 km on a full charge with a 64 kWh battery pack.
Calculate Your Exact Savings
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