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How much is an MG HS? Full costs revealed.
Thinking about buying a MG HS? It is proving to be a top-ten most popular car for 2024, with over 16,000 vehicles registered for the first time in the UK by June. But how much does it cost to buy and run? The NimbleFins car insurance experts have run the numbers on purchase prices for new and used cars, insurance and road tax. Here's what we found.
MG HS Price
The NimbleFins car data experts have dug into publicly available new and used car data to learn how much motorists are really paying for their MG HS cars. Here's what we found.
Cost of a new MG HS
In 2024, starting OTR prices for a new MG HS range from £24,000 for an SE trim up to £33,595 for a Trophy Plug-In Hybrid.
| 2024 MG HS Starting OTR Prices | |
|---|---|
| SE | £24,030 |
| Trophy | £26,530 |
| SE Plug-In Hybrid | £31,095 |
| Trophy Plug-In Hybrid | £33,595 |
| Average Market Price (ICE) | £24,982 |
| Average Market Price (Hybrid) | £31,776 |
In the marketplace, NimbleFins analysis of close to 100 brand new cars for sale in summer 2024 found that the average price for a new petrol MG HS was £24,982 while a plug-in hybrid cost around £7,000 more, or £31,776 on average.
Cost of a used MG HS
NimbleFins analysis of over 600 MG HS vehicles in the used car market indicates that cars depreciate around 13-14% a year for the first few years. This translates into a loss in value of over £3,000 in each of the first two years. A 2-3-year-old used MG HS costs £16,176 on average in July 2024.
| Used MG HS Cost | Age | Average Price | % Depreciation |
|---|---|---|---|
| 2024 reg | Less than 1 year old | £21,735 | -13% |
| 2023 reg | 1 - 2 years old | £18,727 | -14% |
| 2022 reg | 2 - 3 years old | £16,176 | -14% |
MG HS Insurance Costs
NimbleFins tested hundreds of the cheapest cheap car insurance policies and found that a low-risk driver could pay under £500 a year or so to insure an entry-level MG HS with SE trim, and the Trophy wouldn't cost much more—so long as the car has an internal combustion engine. But a plug-in hybrid would cost significantly more to insure—around 77% more!
Your insurance prices will certainly vary; use this information as a rough guide as to starting insurance costs and to see how they might vary by fuel type and trim level. To find out your MG HS insurance costs, use the quote calculator below:
MG HS Road Tax Cost
The road tax for a new MG HS is highly variable, due to the range of fuel types, engines and list prices. The MG HS PHEV is charged £0 the first year and £180 in subsequent years. The 1.5 T-GDI engine can incur road tax of £680 the first year, because it falls into band I with emissions of 168g/km. Higher emissions of 174g/km mean the 1.5 T-GDI Trophy 5dr DCT incurs a first-year tax rate of £1,085 to drive the car off the lot.
Here are road tax estimates for three MG HS engines and trim levels to give you an idea of the costs, but please confirm the details for a specific vehicle on the gov website here.
| Engine | CO2 Emissions | First Year Rate | Ongoing Years |
|---|---|---|---|
| PHEV | 43g/km | £- | £180 |
| 1.5 T-GDI | 168k/km | £680 | £190 |
| 1.5 T-GDI DCT | 174k/gm | £1,095 | £190 |