MG 5 Financing: How much do you need to buy one?

Updated Jul 06, 2021 | Same topic: Best Advice for Car Buyers

MG’s subcompact crossover undercuts its rivals in terms of relative value.

Despite capitalizing heavily on its British heritage, MG Philippines has an undeniable Chinese ownership that becomes evident when it comes to pricing in its lineup. The MG 5 subcompact sedan is among those that carry a surprising amount of kit while undercutting even the most affordable offerings from its more mainstream rivals.

MG 5: Big in Features, Big in Comfort

Athletic European styling meets Oriental sensibilities, in a package that the carmaker boasts is the longest and widest in its class, with dimensions that span 4,601mm long, 1,818mm wide, and 1,489mm high, all resting on a 2,680mm wheelbase. But its impressive proportions are only the tip of the iceberg, so find out just how much it will take for you to enjoy what the MG 5 has to offer.      

MG 5 Core 1.5 MT

Even as the base trim level, the MG 5 Core already packs a healthy number of features on its 1,185 kg. curb weight. Automatic halogen projector headlamps with leveling, accompanied by LED daytime running lights and power-adjustable side mirrors. Sturdy 15-inch steel wheels should be enough to get through all but the worst potholes in the metropolis.

MG 5 fascia

Projector headlamps are standard across the range

There’s fabric seats for five occupants, electric air-conditioning, and an 8-inch color infotainment touchscreen. The powertrain comprises a 1.5-liter 16-valve gasoline engine that churns out 112 hp and 150 Nm of torque to the front wheels through a 5-speed manual transmission. A reverse camera complements dual airbags and anti-lock brakes with electronic brakeforce distribution.       

The MG 5 Core comes in at Php 658,888, which can be broken down into 36 monthly payments of Php 18,428 on a downpayment of 20 percent or Php 131,778. Raising the cash to 30 percent or Php 197,666 and extending the contract to 48 months reduces the recurring bill to Php 12,977, while going all the way to 60 months requires you to pay just Php 11,118 on a regular basis.   

MG 5 Style 1.5 CVT

The midrange offering adds auto-folding side mirrors and frameless windshield wipers to the exterior, apart from a set of 16-inch monotone alloy wheels. Leather seats are standard in the cabin, featuring 6-way manual adjustment for the driver and 4-way adjustment for the front passenger. Passengers can avail of natural light on journeys with the electric sunroof, while drivers benefit from a color LCD trip computer and push-button engine start. The power plant transfers power to the drive wheels through a continuously variable transmission, while cruise control and additional side airbags enhance onboard safety.   

MG 5 trunk

The MG5 boasts up to 512 liters of space in the trunk  

Priced at Php 848,888, the MG5 Style can be had a 30 percent downpayment or Php 254,666, which translates into 48 monthly payments of Php 16,719. A longer 60-month contract entails an amortization amount of Php 14,324, while increasing the downpayment to 40 percent or Php 339,555 results in a monthly payable of Php 12,278.  

MG 5 Alpha 1.5 CVT 

The flagship MG 5 Alpha offers the most complete range of standard features for the Philippine-spec release, starting with LED headlamps, heated exterior mirrors, and two-tone 16-inch alloys. Inside, owners can find the ideal driving position easily with 6-way power adjustment on the driver’s seat. The 10-inch head unit is patched to 6 speakers, while five USB ports allow everyone on board to charge personal devices.

MG 5 head unit

Even the base variant comes equipped with a touchscreen head unit

In terms of safety, the top-spec MG 5 comes with a complete array of front, side, and curtain airbags. These are complemented by electronic stability control, brake assist, rear parking sensors, and a 360-degree surround camera system.       

The MG 5 Alpha is priced at Php 938,888. On a downpayment of 20 percent or Php 187,778, it carries 36 monthly payments of Php 26,259 each. Doubling the cash payment to 40 percent or Php 375,555 returns a monthly amortization of Php 19,694, further going down to Php 15,850 with a longer 48-month contract.  

MG 5 surround camera

A 360-degree surround camera system enhances safety

As always, these are all estimates, exclusive of other costs such as maintenance, fuel, insurance, and registration at the end of the first three years of ownership. Your nearest MG dealer will be able to give you a more accurate computation based on your current budget.

Find more tips that add up to a great car ownership experience at Philkotse.com.

Know more about MG 5 2024

MG 5

The MG 5 2024 is a five-seater, front-wheel-drive sedan. Locally, this model from MG Philippines has four different variants. These include the MG 5 Core 1.5 MT, MG 5 Core 1.5 CVT, the MG 5 Style 1.5 CVT, and the MG 5 Alpha 1.5 CVT. The prices for these range from Php 698,888 to Php 878,888. 

All trims of the MG 5 use a 1.5-liter inline-4 gasoline engine, which is rated to make up to 112 horsepower and 150 Nm of torque. Depending on the variant, it either uses a five-speed manual gearbox, or a continuously variable transmission. Power is then sent to its front wheels. 

Size-wise, the MG 5 comes with a length of 4,601mm, a width of 1,818mm, and a height of 1,489mm. It also has a ground clearance of 118mm, and a wheelbase length of 2,680mm. 

Locally, the subcompact MG 5 sedan competes against the likes of the Toyota Vios, Mitsubishi Mirage G4, Changan Alsvin, Nissan Almera, Suzuki Dzire, Hyundai Reina, Kia Soluto, Volkswagen Santana, Hyundai Accent, Honda City, Suzuki Ciaz, among others. 

MG 5 Core MT Review: Are sedans going out of style?

>>> New and used MG 5 2024 for sale in the Philippines

MG 5 Launch

The Covenant Car Company, the official distributor of MG automobiles in the Philippines, launched the all-new MG 5 in September 2019. Worldwide, this acclaimed vehicle has been serving the roads since 2012 catering to Chinese and European enthusiasts.

MG 5 Exterior

The MG 5 measures 1,818mm wide, 4,601mm long, and a wheelbase of 2,680mm. It is considered to be one of the largest subcompact sedans in the local market today.

MG 5 exterior

At the front, the MG 5 shares the same slatted chrome grille as the MG RX5. Air intake slots and vents are also placed which adds an attractive appeal to its face. Top variants are fitted with LED projector lamps, while standard ones come with halogen projectors.

Character lines highlight its sleek, athletic body. At the back, the trunk is shortened but it has the capability to accommodate a load of 512 liters. Adding to the MG 5’s modern appeal are the pleasing LED taillights that are made of bars. It's efficient and very good-looking.

MG 5 Interior

Buyers get to decide its interior as it is offered in black and beige or monotone black. Top variants of the MG 5 are fitted with two-color interiors with leather-covered seats. Standard variants come with upholstered fabric seats.

The vibe inside the MG 5’s roomy cabin borders between modern and European-style design elements. High-quality plastic dominates its ergonomic dashboard and well-designed panels.

MG 5 interior

MG 5 trunk

Technology & Safety Features

Depending on the variant, the MG 5 comes with an eight- or ten-inch infotainment system with Android Auto and Apple CarPlay. Four speakers are placed inside the cabin to provide entertainment.  Higher variants are affixed with a 360-degree camera, keyless entry, and a push start button.

Safety is assured as it is built with up to six airbags, anti-lock brakes with electronic brakeforce distribution, traction control, ISOFIX attachment for child seats, and speed-sensing door locks.

MG 5 parking sensors

MG 5 airbags

Platform & Chassis

The MG 5 is built with Macpherson Strut suspension on its front and a torsion beam on the rear. Five disc brakes are efficiently distributed all around. Supporting its body are a set of 16-inch alloy wheels offered in mono or dual-tone.

Engine & Drivetrain

The MG 5 runs using a 1.5-liter naturally aspirated motor engine with Dual Variable Valve Timing. It produces 118 hp and a torque of 150 Nm.

>>> Read more: MG 5: How fuel efficient is this sedan?

There are six available color options for the Philippine-spec MG 5. These include Laser Blue, Moon White, Meteorite Black, Morning Gold, Extreme Speed Red, and Carbon Gray. 

The MG 5 sedan has one of the most affordable entry-level variants in the Philippine subcompact sedan market segment. Despite that, it still has a lot going for it in terms of safety features and amenities. It also beats a good number of other subcompact sedans in the market when it comes to horsepower and torque output. 

MG 5 2024 Price List

Let's check out the MG 5 2024 price in September in the Philippines.

 Variants Price
MG 5 1.5 Core MT ₱698,888
MG 5 1.5 Core CVT ₱738,888
MG 5 1.5 Style CVT ₱878,888

MG 5 2024 Pros & Cons

Pros

  • Great power output for its size and price 
  • Decent set of features 

Cons

  • Many might find its styling “too quiet” ​​​​​​​

MG 5 2024 FAQs

1. Is MG 5 fuel efficient?

Yes, it is. The MG 5 2024 has a fuel consumption of 21.81 km/l on the highway.

2. How many seats does an MG 5 have?

The MG 5 has five seats.

3. How much is the MG 5 Philippines?

The price of the MG 5 in the Philippines ranges from 698,888 Php for the entry-level model to 878,888 Php for the top-of-the-line model.

4. What are the dimensions of the MG 5 2024?

The new MG 5 dimensions are 4,601mm long, 1,818mm wide, and 1,489mm in height.

5. Does the new MG 5  have Apple CarPlay?

Yes, with wireless Apple CarPaly, you can connect and control every drive.

 

₱ 698,888 - ₱ 938,888

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Joseph Paolo Estabillo

Joseph Paolo Estabillo

Author

Joseph holds a degree in Journalism from the University of the Philippines Diliman and has been writing professionally since 1999. He has written episodes for CNN Philippines' motoring show Drive, and has worked on corporate projects for MG Philippines and Pilipinas Shell. Aside from being Philkotse.com’s Content Lead, he also writes content for numerous car dealerships in the U.S., spanning multiple brands such as Alfa Romeo, Chrysler, Dodge, Jeep, and Maserati, among others.

Facebook: https://www.facebook.com/kapatilya

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