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Personal Contract Hire (PCH) · MG

Electric MG PCH

Drive a new EV for a fixed monthly payment — no ownership worries

PCH is the most popular EV lease option for private drivers in the UK: you pay a fixed monthly amount for a set term and mileage, then hand the car back. You never own the car and have no exposure to its residual value. Maintenance can usually be added to the package.

UK tax for electric cars

In the UK, company-car EVs attract just 2% Benefit-in-Kind (BiK) tax in 2024–25, rising gradually to 5% by 2027–28. Combined with salary sacrifice and VED exemptions, business EV leasing is significantly more tax-efficient than an equivalent petrol or diesel car. Rules change annually — we calculate the most cost-effective option for you free of charge.

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MG · Electric cars

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Personal Contract Hire (PCH)

Which option suits you?

Advantages

  • Fixed, predictable monthly cost
  • No depreciation risk
  • Drive a brand-new EV every 2–3 years
  • Maintenance often included as an add-on

Watch out for

  • You never own the car
  • Mileage limits apply — excess charged per mile
  • Early termination fees can be significant
Comparison

MG Electric cars compared

ModelRangeBatteryRapid charging0–100
MG Cyberster322 miles77 kWh144 kW3.2s
MG MG4279 miles64 kWh140 kW7.7s
MG MGS5 EV297 miles64 kWh139 kW6.3s
MG ZS EV273 miles68.3 kWh92 kW8.6s
Our services

Everything for your electric mobility

Personal Contract Hire (PCH) · Personal

Drive a new EV for a fixed monthly payment — no ownership worries

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Personal Contract Purchase (PCP) · Personal

Option to buy at the end — or simply hand it back

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Hire Purchase (HP) · Personal

Own your EV at the end — straightforward financing

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Business Contract Hire (BCH) · Business

Tax-efficient EV leasing for companies — just 2% BiK

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