New MGS5 LR Trophy for 25K

[Loveclose]

Hi everyone….

Considering a change from MG4 to MGS5…..

I have seen a dealership on Carwow advertising the LR Trophy for 25K…..a significant reduction.

They may be pre-reg, but even so…..25K is a significant reduction, so much so that it makes me wonder what the catch is.

Another dealer was selling the same vehicle for the same price, but with a 6.5% apr on the PCP which somewhat nullified the savings……

I read somewhere that a batch of MGs were destined for the USA, but were stopped due to the new trade tariffs…….cant see that this is true as a left hand drive would be a bit of a giveaway….

Anyway, should I be concerned over these cars being sold at such a reduced price?

Cheers!

 

[salty]

Nope, snap it up. You can get cheaper than that, if you shop around.

 

[Everest]

makes me wonder what the catch is.

There is no catch. The RRP is an artificially raised price that nobody pays. Finance companies buy their cars from the manufacture (in bulk, obviously) at 30 to 50% discount off the RRP price. The vehicle will only be worth £12K trade in after 2 to 3 years, depending on condition and mileage, so you'll still loose 50% by purchasing new if you sell it within that time.

Sure, spend £25K+ on a new car if you like new cars, but be prepared to lose £££ however much you see that as a bargain.

Personally I prefer to buy 3 year old cars at 40% of their original price and run them for 5+ years, but each to their own. We need people buying or leasing new cars so there is a nice supply of good second-hand ones

 

[OriginalBigAl]

There is no catch. The RRP is an artificially raised price that nobody pays. Finance companies buy their cars from the manufacture (in bulk, obviously) at 30 to 50% discount off the RRP price. The vehicle will only be worth £12K trade in after 2 to 3 years, depending on condition and mileage, so you'll still loose 50% by purchasing new if you sell it within that time.

Sure, spend £25K+ on a new car if you like new cars, but be prepared to lose £££ however much you see that as a bargain.

Personally I prefer to buy 3 year old cars at 40% of their original price and run them for 5+ years, but each to their own. We need people buying or leasing new cars so there is a nice supply of good second-hand ones

Agreed, that was normally my mantra, but due to a merging of the stars meant we had to buy our MG4 brand new. Fortunately one of those stars ( the French government ) said get a new electric car and basically we will pay its first two years depreciation costs. So I now have a two year old car car valued at around the price we paid, since then all the available grants for Chinese cars have gone leaving any discounts to the vagaries of MG FR. So it pays to sometimes abandon well believed principles and dive in feet first.
I know the depreciation for the next 3-4 years will be more than I would normally like to lose but that's offset by knowing that the car is not a lemon which has been dumped onto the secondhand market and suffering the risks and costs that entails.

 

[FCat53]

Hi everyone….

Considering a change from MG4 to MGS5…..

I have seen a dealership on Carwow advertising the LR Trophy for 25K…..a significant reduction.

They may be pre-reg, but even so…..25K is a significant reduction, so much so that it makes me wonder what the catch is.

Another dealer was selling the same vehicle for the same price, but with a 6.5% apr on the PCP which somewhat nullified the savings……

I read somewhere that a batch of MGs were destined for the USA, but were stopped due to the new trade tariffs…….cant see that this is true as a left hand drive would be a bit of a giveaway….

Anyway, should I be concerned over these cars being sold at such a reduced price?

Cheers!

I picked up an MG MGS5 for £24k 1 week ago trading my 1st 1000 2020 MG ZSEV. I gathered that MG had given a discount to dealerships to get some seen on the road before the introduction of some similar rivals.