HP Representative Finance Example:
Cash Price £10,000.00 Deposit £1,000.00 Total Amount of Credit £9,000.00. 59 Payments of £209.89, with a Final Payment of £210.89, which includes an Optional Option to Purchase Fee of £1.00. Duration of Agreement is 60 Months. Total Amount Payable is £12,594.40. Total Cost of Credit £3,594.40. Annual Fixed Interest Rate of 5.19%. Representative APR 9.90%.
Who Owns MG Motors?
MG Motors is owned by SAIC Motor, a Chinese car manufacturer. SIAC have owned MG since 2007, when they bought out MG owners Nanjing Automobile. Prior to this, from 2005 back, MG Rover owned the brand.
What does MG Stand For?
MG stands for Morris Garages, a name which comes from one of the company’s original founders, William R Morris.
How Much is an MG?
MG's petrol cars retail from £12,000 upwards, while their electric range start at £25,495. For used models, prices vary but can be considerably less
When was MG Founded?
The first reference to MG dates back to 1923, and by 1924 the MG Octagon was registered as a trademark by Morris Garages. Cecil Kimber was the driving force behind the brand, along with William Morris.