iqon
Standard Member
- Joined
- Jul 6, 2024
- Messages
- 13
- Reaction score
- 10
- Points
- 3
- Location
- doncaster UK
- Driving
- MG4 Trophy LR
Mine on motability so will be on market next year. Try one - buy one.
Explanation for many used MG4s might be the AU$9,000 to $6,500 drop in price in 2024 and owners still trying to get a good price back first and then buying perhaps a new one or a BYD? Let me explain:Thinking of getting an Mg4 - most likely Trophy LR. However I am a bit concerned by the number of low mileage / not very old cars on the markets as it would seem to suggest that a lot people get them and don't like them/have too many issues etc. So just checking in with real world owners here so get a feel on what it's like to own the car please? I have read a lot about the software issues and faults, most of which seem to be resolved in the end. And as in most things there are bound to be more social posts on issues than - i love the car - it's all good etc. Anyway I'd love your thoughts thank you
The new price is now discounted much of the time by 30% so leasers will not want to pay the balloon payment and own the car but hand it back. Bear these real new prices in mind when buying used too - I just got a second for me to match my wife's. Mine blue, hers red! I paid £18,595 for an SE SR. we have LFP batteries whereas the LR is li-ion NMC. We can charge to 100% daily but the LR is recommended to be kept mostly between 20-80% so we can actually go just as far most of the time and in any case further than a bladder lasts between charges. We've managed a 1370 mile road trip - length & width of England and to the West Coast of Scotland & Edinburgh. It now has the rear wiper, centre headrest, reversing camera and built in sat nav and my iPhone connected by bluetooth without a problem so many things are improved over the older SE! It doesn't have th pretty little winglets that worsen the aero and you can't have it in pumpkin orange.Thinking of getting an Mg4 - most likely Trophy LR. However I am a bit concerned by the number of low mileage / not very old cars on the markets as it would seem to suggest that a lot people get them and don't like them/have too many issues etc. So just checking in with real world owners here so get a feel on what it's like to own the car please? I have read a lot about the software issues and faults, most of which seem to be resolved in the end. And as in most things there are bound to be more social posts on issues than - i love the car - it's all good etc. Anyway I'd love your thoughts thank you
My LR Trophy regularly goes to 100%, no detectable range loss in 2 years / 25,000 miles. It is important not to leave it at over 80% for many days / weeks on end, otherwise charging to 100% and using it is fine, indeed recommended you do this at least monthly.No problem at all charging the 64kw cars to 100%.
That unfortunate combination of buying a new model at full price and the massive negative depreciation on EVs. At least you can walk away at the endI've just been in to my local dealer to enquire about a new MG4 or ideally a GS to be told i'm in £9k neg eq . I was sorting of expecting 3 or 4 and, as I qualify for affinity I could stomach that by doing a bit of creative accountancy. I still have around 16 mths left on my pcp but 9k seems a little excessive .
I don't think there will be any equity in the car at the end of the agreement which will be a first for me.
Absolutely .I did get a discount and I went in with my eyes open. I only put £500 down So I'm not that bothered .That unfortunate combination of buying a new model at full price and the massive negative depreciation on EVs. At least you can walk away at the end
Yes, it is similar for me. I'm just over 2 years into a 4 year agreement and the car is basically already at the MGFV.I've just been in to my local dealer to enquire about a new MG4 or ideally a GS to be told i'm in £9k neg eq . I was sorting of expecting 3 or 4 and, as I qualify for affinity I could stomach that by doing a bit of creative accountancy. I still have around 16 mths left on my pcp but 9k seems a little excessive .
I don't think there will be any equity in the car at the end of the agreement which will be a first for me.
Nor for me , even tho I'm an affinity customerYes, it is similar for me. I'm just over 2 years into a 4 year agreement and the car is basically already at the MGFV.
The good thing is I won't pay a penny more for the extra depreciation and at the end I can probably negotiate to buy the car for a lot less, but the bad news is that I won't be able to change cars early.
That's ok though, I knew it was a possibility when I bought.
Miles said on the latest podcast that MG dealers are offering current owners a cash contribution of £2.5k or so and low rates on taking a new PCP deal, but that wouldn't cover the gap in my case.