The MG 3 is ideal for the budget-conscious buyer. It has adequate specifications and features given its affordable price and low running cost. Take note, the MG 3 has its fair share of benefits and drawbacks. If you’re in the market for a light car in Australia, the two variants, MG 3 Core and MG Excite, may be worth checking out.
The 2023 MG 3 has a 1.5-litre naturally aspirated four-cylinder petrol engine and a four-speed automatic transmission. Expect 82kW of power and 150Nm of torque when you drive. This vehicle is ideal for city driving; however, it doesn’t have the gears in the transmission to be suited for highway speeds.
Inside the cabin, the MG 3 has comfortable seating with spacious rear seats. It’s equipped with an 8.0-inch touchscreen infotainment system with Apple CarPlay. The Excite model offers additional features like leatherette and tartan fabric trim, larger alloy wheels, and a six-speaker sound system.
Some buyers may find issue with the car’s lack of ANCAP safety rating. Modern active safety features like autonomous emergency braking (AEB) and lane-keep assist are also absent from the MG 3. Make sure to check the safety features of any car you’re interested in buying.
The MG 3 prices vary depending on the model and additional features. This vehicle could cost somewhere from $18,990 to $20,490. It also includes a seven-year warranty. It’s a good option for those who want an affordable city car. Always weigh the safety aspects of the vehicle before making any final decisions.
Example Calculation for an MG 3
Let's take a look at an example calculation for an MG 3. Suppose you're considering purchasing an MG 3 Core for $17,990 MSRP. You have a trade-in vehicle of $4,990, leaving your loan amount borrowed at $13,000 and your credit score and personal situation qualify you for an indicative interest rate of 6.79%. You decide to finance the vehicle over a 60-month term.
Using an online loan calculator, you can estimate that your monthly payments would be around $256.13, with the total cost of the loan coming in at around $15,368. This includes the principal amount of the loan, interest paid over the term of the loan, however any fees or charges associated with the loan would still have to be added.
Love MG but not sure if the MG 3 is for you? Check out the MG ZS or if you are looking for a different brand of car, the Ford Fiesta.