The MG IM5, an electric executive saloon, is currently available for less than £250 per month through a new lease deal, undercutting its competitors like the Vauxhall Astra. This offer marks a significant price drop from last year’s Deal of the Day, making the IM5 an increasingly attractive option in the electric vehicle market.
Leasing Details and Cost Breakdown
Evans Halshaw Leasing, via the Auto Express Buy A Car service, is offering a two-year lease on the Standard Range model with an initial payment of £3,154. Monthly payments are set at just £242, which is lower than the cheapest available Astra lease on the platform (currently £263 per month).
Mileage allowances are flexible; increasing from the standard 5,000 miles per year to 8,000 costs an additional £24 monthly, and 10,000 miles raises the cost to just over £280 per month.
Features and Performance
The MG IM5 Standard Range boasts a comprehensive suite of standard features, including a 26.3-inch infotainment display spanning the dashboard, a secondary 10.5-inch touchscreen, a high-end 20-speaker sound system, double-glazed panoramic roof, and premium comfort options like ventilated/heated seats and a heated steering wheel.
Performance is solid, with a 75kWh battery offering up to 304 miles of range and fast charging capabilities (10-80% in under 30 minutes). The 291bhp rear-wheel-drive motor delivers 0-62mph acceleration in under seven seconds, and the vehicle is noted for its refined and quiet motorway driving experience.
Deal Availability and Caveats
This deal is sourced from Auto Express Buy A Car, which aggregates offers from UK dealers and leasing companies. Terms and conditions apply, and pricing is subject to change based on availability. If this specific offer expires, additional MG IM5 lease options can be found on the Auto Express MG IM5 page.
The IM5’s aggressive pricing underscores a growing trend: electric vehicles are becoming increasingly competitive, challenging traditional combustion engine options in both performance and affordability. The key takeaway is that buyers now have viable alternatives to established brands at a significantly lower cost.
