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MG ZS EV Excite MY23 - from $34,990 Driveaway (Was $43,693) @ MG Motor Dealers

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MG ZS EV Excite MY23 - from $34,990 Driveaway (Was $43,693) @ MG Motor Dealers
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vr4indian on 01/08/2024 - 14:41 mgmotor.com.au (19606 clicks)
Last edited 03/09/2024 - 00:58 by 2 other users

$34,990 is the driveaway price for the MG ZS EV Excite MY23 model without any options applied.
Driveaway price includes 12 months registration and compulsory third-party insurance cover. Offers available at participating MG Dealers for new stock vehicles only, sold and delivered between 01 August 2024 to 31 August 2024. While stock lasts. Excludes fleet, government, or rental buyers, or with any other offers.

Most-affordable electric vehicle, after the price of the entry-level MG ZS EV was today slashed by up to $8703 to $34,990 drive-away, the company's website shows.

Quality :
It may fit into someone's budget. May not be like by all. Like everything else, it has its pros and cons.

Warranty:

MG has introduced the longest factory warranty ever offered by a new-car maker in Australia – 10 years or 250,000km, whichever comes first.In effect from today (1 August 2024) for all newly-registered petrol, hybrid and electric MG models, the new warranty applies to vehicles not deemed to be "commercial use" – such as Ubers, taxis, food delivery couriers and driving schools.

Value for Money
Car is depreciating assets unless someone wants to go back to Covid era

Range Anxiety
Many in city, may be fine with 300 km for week usage. May be their secondary vehicle. So it has its own market.

Automotive Car Electric Vehicle MG SUV

Related Stores

MG Motor Australia
MG Motor Australia

closed Comments

  • Ellllllys on 01/08/2024 - 14:44
    +86

    35K for a decent sized EV seems pretty prettaay good

      • Geoff-bargain on 01/08/2024 - 15:46
        +145

        If you see something in front of your car press the brake yourself.

      • [Deactivated] on 01/08/2024 - 15:46
        +15

        Post FBT exemption. Under $20k. Better than a base corolla of the old days.

        Looks like Teslsa will soon need to slash prices again

        • Ozbfan on 01/08/2024 - 16:13

          What does post fbt exemption mean? How is it 20k?

          • [Deactivated] on 01/08/2024 - 16:18
            +6

            @Ozbfan: If you can purchase on a novated lease you don't pay GST or the FBT associated with a salary sacrifice.

            • aparasher on 01/08/2024 - 18:54

              @[Deactivated]: How does that equate to $20K? Does the FBT component comes out to be $9-10K?

            • [Deactivated] on 01/08/2024 - 20:10
              +1

              @[Deactivated]: It doesn't have to be leased. Anyone that owns a Pty ltd can do it. Just purchase it with the Pty ltd and allow employee to use it.

        • poppingtags on 01/08/2024 - 21:12
          +3

          This video from CarExpert suggests we might see at least one more price cut from Tesla - especially with the Kia EV5 and the Xpeng G6 coming in hot in the next few months, likely targetting a sub-model Y price. Its going to be a price slashing frenzy over the next 12-24 months on EVs, which is also great news for buying second hand EVs.

          • Circly on 01/08/2024 - 21:31
            -1

            @poppingtags: Nah who wants to buy a second hand EV.

            • poppingtags on 01/08/2024 - 22:05
              +11

              @Circly: I'd certainly be up for it…but at the right price. Most of the people who have their Teslas are on carsales are dreaming if they think they can sell so close to retail with little to no wait times. Once competition from new EVs comes into plays, those prices will have to fall significantly if any of them actually want to sell their cars.

              Tesla's are also guaranteed to retain at least 70% of their battery capacity after 8 years, which turns out to be a relatively conservative figure - second hand Teslas are proving to be a fairly reliable, low maintenance and durable long term solution.

        • ashyboy on 01/08/2024 - 21:43

          How did you get to that number? Genuinely interested, my employer does offer novated lease

          • Waikikamukau on 01/08/2024 - 22:51
            +1

            @ashyboy: Essentially 100% of the lease comes out pre tax, saving you 37c in the dollar (over $135k) on everything to run and pay off the vehicle (excluding the balloon). Speaking of which, if you worry about resale of EVs, if the vehicle is worth less than the balloon just hand it back after the term.

            • ksama0079 on 01/08/2024 - 23:00
              +1

              @Waikikamukau: I understand by handing back the car, you basically ask your car to be auctioned off, which doesn't guarantee you'll get more than the balloon sum. At least that's what I was told when I took novated lease.

          • [Deactivated] on 01/08/2024 - 22:55
            +16

            @ashyboy: Can read up on it here:
            - https://www.ato.gov.au/businesses-and-organisations/hiring-a…
            - https://www.drive.com.au/caradvice/electric-car-fringe-benef…

            Can either be bought via NL arrangement, or use your own company if you have a pty ltd (sole traders are not eligible). Buying the car with pre-tax money is not exactly correct, but works out close to that anyway and ppl find it easier to understand.

            Generally, the vehicle depreciates app 15% each year (more in the earlier years and less as the value diminishes).
            For 45% tax bracket, assuming 2 year ownership with 30% depreciation on $34,990 is $11k. So that is pre tax depreciation as pre tax salary is used. That works out to be 5k savings (oppose to buying the car outright and depreciation of the car is on post tax money).
            4 years works out to be $8k (give or tax) post tax saving on depreciation alone. 5 years will make it $10k savings, assuming the car depreciated $20k at the end of year 5. So naturally, at the end of live, the car would have depreciated the full $35k, and given it is paid for with pre tax money, the net post tax cost of the car is $20k for people on 45% tax bracket.
            This is merely a very simple way of what FBT exempt on EV looks like and other factors comes to play.

            In addition to the above, all other costs (maintenance, rego, insurance) are all paid with pre-tax money.

            Then each year, rego, insurance etc are all tax deductible if provided as a fringe benefit.

            A few factors comes to play:
            1. tax bracket
            2. financing cost (interest rate is the largest cost of NL and often not disclosed)
            3. other fees

            However, if going through NL, be very mindful and know what the actual cost is, as NL providers tend to hide financing cost as well other fees they charge. Which often erodes whatever savings from the FBT exemption. Never take the NL provider's word or any comparison figures on surface value without understanding the actual numbers yourself.

            Not straight forward, not rocket science to understand if someone sits down and do the sums. You can read up here too https://forums.whirlpool.net.au/thread/3yqm6m0v

            • ashyboy on 02/08/2024 - 00:46

              @[Deactivated]: Thank you :)

            • johno3456 on 02/08/2024 - 01:10

              @[Deactivated]: Not sure about merits of buying in company instead of via novated lease.

              There is a bundle of non Fbt tax laws regarding private use of company assets. Also, tax deductible to company is limited to business use unlike a lease.

              • [Deactivated] on 02/08/2024 - 07:08

                @johno3456: The whole idea of FBT exemption in fact has nothing to do with leasing.

                Prior to this, deduction is for both business and personal use (depreciation of fixed asset is the biggest "cost" as well financing cost) , and any personal use will be subject to FBT (how the leakage via deduction is recovered).

            • braddsey on 31/08/2024 - 23:31

              @[Deactivated]: You seem pretty clues up. Any options for sole traders? I’ve found nothing myself…

        • sim36 on 11/08/2024 - 15:17

          The MG isn't a Tesla by any stretch of the imagination

          • [Deactivated] on 11/08/2024 - 19:01

            @sim36: Nor Tesla is a MG by any means.

      • Ruddaga on 01/08/2024 - 15:47
        +13

        Man as someone with the MG4 Xpower, I switch off half the shit anyways. So annoying and always assuming you're going to crash every two seconds.

      • [Deactivated] on 01/08/2024 - 16:17
        +4

        Got the acronym correct but couldn't get the correct feature description.
        Autonomous
        Emergency
        Braking

        • OzBozo on 01/08/2024 - 18:02

          You know what I Valvoline, you mean.

      • Bumblegrum on 01/08/2024 - 17:12
        +3

        You do realise that you are supposed to drive the car, put away that mobile phone and drive the car.

      • guidedlight on 01/08/2024 - 17:22

        The BMW X3 sDrive20i doesn’t have this, a $90k car.

      • UltimateAI on 30/09/2024 - 12:01

        Pretty sure the '23 does, and heaps of other safety features.

    • HD9990 on 01/08/2024 - 16:01

      It's average at best, but best at the price range….

    • choofa on 01/08/2024 - 16:56
      -4

      My wife wouldn’t even consider it due to the silly offset charging port right in the front… Are their designers blind? Why wouldn’t you put the charging port where the logo is and make it look symmetrical?
      Do you know how many OCD people there are in this world who will just not even consider this car?

      • z28 on 01/08/2024 - 17:03
        +48

        Yes, so silly of car makers to put steering wheels on one side of the car.

        • U30004 on 01/08/2024 - 17:10
          +1

          Lol

        • ntt on 01/08/2024 - 20:18
          +3

          I know right. They should put on both sides. Oh wait, one at the back too! just in case you want to reverse.

      • rvsure on 01/08/2024 - 17:39
        +2

        You will appreciate the front charging port when you are at one of those awkward chargers with short charging cable and bollards in front. The Byd Atto struggles at many chargers due to its charging port position on the side.

      • DingoBilly on 01/08/2024 - 17:48
        +2

        If you have OCD that bad you'll never be able to buy a car. Every car will have flaws and be assymetrical. In this case you'd be the ones who need the help, not the designer.

        • choofa on 01/08/2024 - 17:51

          I don’t. It’s my wife. But I’ve seen reviews where they’ve said the same thing.

          I think logistically it makes sense but aesthetically it’s quite bad.

          It doesn’t actually bother me but I wouldn’t buy this car anyway

          • Mokr on 01/08/2024 - 20:24
            +6

            @choofa: The wife doesn't want the car.

            She find another excuse why.

            Don't waste your energy.

      • KingUltra on 01/08/2024 - 18:01
        +1

        Lucky we have the MY21 version whose charging port hides neatly behind the MG logo. As you say if I had seen this version at the time, I too probably would be put off by it.

      • jason101 on 01/08/2024 - 19:56
        -1

        Personally I think the model 3/Y charge port location is stupid - so many nose in carparks with chargers setback from the curb that require a 7m cable (5kg+) to reach the charge port.

      • magic8ballgag on 01/08/2024 - 20:24
        +1

        Yeah, your wife probably doesn't even have OCD and is just being picky.

        • choofa on 01/08/2024 - 21:03

          I’m not going to discuss this here but that car alone sets her off every time she sees one.

          And I was really wrong before, looking at this now this is an epic deal on a pretty damn good EV.

          For those in need of a new car, wanting an EV, and waiting for a great deal, it I think this is an amazing opportunity

          • magic8ballgag on 02/08/2024 - 07:42

            @choofa: Fair enough. It looks like a decent car for the money you're spending, and you can't beat a 10yr warranty.

      • infinite on 01/08/2024 - 21:29

        You shouldn't be behind the wheel of any vehicle if your OCD leaves you incapacitated to such a basic degree.

      • paullovesbargains on 02/08/2024 - 09:16
        +2

        better than a car with "build your dreams" written across the back. that is something i will never buy.

        my dreams don't include cars. got far more interesting things to dream about ;-))))

        • johnno07 on 31/08/2024 - 20:21

          Good thing BYDs don't have "Build Your Dreams" written across the back anymore then?

      • UltimateAI on 30/09/2024 - 12:01

        That's actually an excellent location for my garage, couldn't care less how the grill looks.

    • johno3456 on 02/08/2024 - 01:05
      +5

      They have a 51kw battery with a built in inverter which can be used bidirectional via V2L

      A tesla power wall stores about 11 kwh and costs 11k.

      35k seems pretty good for a power wall that you can use to travel as well.

      • senectus on 02/08/2024 - 11:10

        note that you cant use it for a power wall AND charge it at the same time. its one or the other.

      • NNOP on 05/08/2024 - 16:04
        +2

        Intriguing..

        Had to google that.

        Unfortunately it seems what you're talking about is basically to power some 240v devices that are plugged in to the car. And you have to go in to the car and turn it on each time. It's not a thing designed to work like the powerwall that is integrated with your home electrical system and can power your home over night.

        Be fantastic if it did, maybe there is something I'm missing or some hack to make it equivalent in function to a powerwall? Would be great if it did.

  • dasher86 on 01/08/2024 - 14:45
    +26

    New 10 year warranty too.

    • Hawks33 on 01/08/2024 - 17:40
      +15

      You will just get unlimited trips to MG service centre for 10 years, parts will take around 2 months and in the end it won't be worth it.

      • dasher86 on 01/08/2024 - 20:16
        +11

        This ain't no ice vehicle…

        • l o l on 02/08/2024 - 08:56
          +4

          But it's basically the same version as the ICE, with parts ripped off and replaced by electric equivalents.
          Not a platform designed to be an EV, like the MG4, etc.

          So if the aircon and brakes caused issues on the ICE version, will likely cause on this one too.
          And suspension maybe even more so, depending on whether they adjusted it for the added weight (~300kg).

      • smartazz104 on 01/08/2024 - 22:31
        +2

        Nah it’s gotta be more reliable than a British-built MG.

  • c64 on 01/08/2024 - 14:46
    +43

    that's a nice bonus depreciation for current owners

    • bradenpd on 01/08/2024 - 15:03
      +51

      Does anyone not expect their car to massively depreciate? No one buys a car (like this anyway) expecting it to hold its value.

      • Caped Baldy on 01/08/2024 - 15:11
        +42

        Lots of dumbasses out there. Not sure why people think Tesla's are high yield investments.

        • bradenpd on 01/08/2024 - 15:15
          +17

          Yeah exactly. Isn’t it only BMW’s that are high yield??

        • magic8ballgag on 01/08/2024 - 20:26
          -2

          Tesla's are high yield investments

          Their high yield investment what??

        • furythree on 02/08/2024 - 00:48
          +1

          same thing with phones

          depreciating assets holding value is nice to have but not a selling point. you dont buy something with the intent to resell it later

        • supersabroso on 20/08/2024 - 23:17
          +1

          Lol, I think Tesla has proven it self to be a negative high yield investment. The brand new cars just keep dropping, dropping and dropping in prices. Forgot about selling your second hand one.

      • choofa on 01/08/2024 - 15:12
        +24

        Toyota owners since Covid think the crazy run of people paying more for a year old rav4 than waiting 2 years for a new one is going to continue forever

        • twister292 on 01/08/2024 - 16:22
          +3

          Or Tesla…a particular car reviewer did an hour-long whinge on Tesla dropping prices and it affecting existing lessees and owners.

        • em on 02/08/2024 - 09:35

          We bought a Camry in early 2020 and looking at Carsales it is still worth more than what we paid for it.

          • choofa on 02/08/2024 - 11:09
            +1

            @em: Everybody’s car went up during Covid. Even the crappy ford territory that we bought in 2019 to get us through a few years, we sold last year for more than we paid and it was in worse condition when we sold it!

            Also don’t believe car sales advertised prices. Most cars sell for well below that asking price. The Covid prices are over now supply is getting back to normal and you can get a discount on almost any car at a dealer again. Redbook prices are a more realistic guide

            • em on 02/08/2024 - 12:06
              +2

              @choofa: That’s ok, we bought it to keep it. Our next car will be to replace our 15yo Corolla and will likely be an electric car so I’m happy to see the electric car prices are going down.

      • BargainMe on 01/08/2024 - 15:29
        +5

        Lots of people seem to think they are an investment but the reality is they are just like any other appliance

      • Bimbobob on 01/08/2024 - 16:44
        +1

        Naah Strayans a special breed, every car should aspire to have resale value like a V8 diesel cruiser :D

      • Richcor on 01/08/2024 - 18:34

        Before covid it was the norm. After covid a lot of people think cars should only go up.

      • gezza90 on 30/09/2024 - 17:57

        I purchased a 2004 Mitsubishi Evolution 8 MR in 2012 for $28,888 (private seller was Chinese). He was asking $32,000 at the time and was happy to let it go for $28,888. It was 32,000 km with auction Grade 5 papers (JDM). It's 43,600 km now locked up in a garage with oil change every year. Guess how much it's worth now. Over $60k. I guess I doubled my money in 12 yrs. But hey it's not my daily driver so I guess that rules out the 'value for money'.

        • the swear jar on 30/09/2024 - 18:38

          That's a very specific purchase price

          • gezza90 on 30/09/2024 - 23:03
            +1

            @the swear jar: International Chinese student who seemed to love the number 8

    • The Vat on 01/08/2024 - 15:38
      -1

      Thankfully that's the novated leasing company's problem, not mine

      • opilot87 on 01/08/2024 - 22:39
        +1

        Oh no… you don’t what you signed up for?

      • Lets Make Sandwiches on 02/08/2024 - 07:16
        +2

        They've factored the residual it into your lease costs mate, and probably applied a buffer.

    • calcium on 01/08/2024 - 22:53
      +2

      It's like 1997 again when I paid $400+ for a 1.6Gb h/disk.

    • ialam99 on 03/08/2024 - 09:29
      +1

      Yep looks like MG batteries are made by a JV between SAIC and CATL using the LFP chemistry. So I doubt quality of the battery will be an issue. Quality of the rest of the car I can't comment on. However with a 10 year warranty, you're not taking a big risk there I guess.

      https://insideevs.com/news/360446/mg-electric-car-batteries-…

  • ozvictor on 01/08/2024 - 14:46
    +1

    Only 320km range ?

    • kamykazi on 01/08/2024 - 14:58
      +26

      Is there an EV SUV for a similar price with better range?

        • putshan on 01/08/2024 - 15:40
          +18

          May I see it?

          • Random guy on 01/08/2024 - 16:02
            +30

            @putshan: A comparable SUV EV? At this time of year? At this time of day? In this part of the website? Localised entirely within your comment?

          • itsmoe on 01/08/2024 - 17:33
            -2

            @putshan: The Haval Jolion Premium Hybrid is going for 33k. Hybrid though which might work out better than full EV.

            • seek on 01/08/2024 - 20:55
              +1

              @itsmoe: what's the warranty on Haval Jolion Premium Hydrid?

              Is Hyrid eligible for state govt incentive(s) for those state still have one?

            • FuRyZ on 02/08/2024 - 09:19
              +2

              @itsmoe: A regular hybrid is not at all comparable. Especially given you cannot novate lease the Haval which is a biggest advantage right now for EVs and PHEVs.

              The MG is also eligible for up to $6k in bonus rebates here in QLD knocking the price well below $33k.

              You also have other advantages, the cheaper running costs alone combined with things like V2L and bidirectional charging.

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