MG IM5 Leasing

Your MG IM5 leasing decision

Intelligent Vehicle Finance arranges MG IM5 leasing for business and private drivers considering an electric executive car. The UK line-up separates Standard Range, Long Range and Performance versions. Compare their battery and drivetrain specifications with your actual journeys, rear-seat requirements and charging access before choosing the car and agreement.

MG IM5 business and personal leasing: start with the journey

The IM5 is a considered alternative for an owner or company driver who wants an electric car with an executive-car shape. Its appeal needs to survive an ordinary working day: a motorway appointment, a town-centre car park, colleagues in the rear and enough charge for the return trip. Selecting it on a performance headline alone misses the decisions that are most likely to affect satisfaction through the lease.

Begin by separating the reasons for choosing a lower-bodied car from those for choosing an SUV. If a raised seat and easy access are essential, try IM6 before committing to IM5. If you prefer the IM5’s form, test entry, rear headroom and the loading opening in person. The correct answer depends on the occupants and luggage, not on an assumption that one body style is universally more practical.

MG IM5 leasing: key facts

• MG’s UK IM5 line-up identifies 75 Standard Range, 100 Long Range and 100 Performance.
• The battery labels are 75kWh and 100kWh; they should not be read as interchangeable usable-energy figures.
• The Standard Range and Long Range choices are rear-wheel drive; Performance is all-wheel drive.
• IM5 is the lower-bodied electric car in the IM pairing; IM6 has its own SUV route.
• MG’s IM5 brochure states a seven-year/80,000-mile vehicle warranty, with separate traction-battery cover.
• GOV.UK: zero-emission company-car BiK is 4% in 2026/27, rising to 9% in 2029/30.

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Compare the MG IM5 options

MG IM5 and two alternatives: choose by the job each car does

Three IM5 versions, with different technical priorities

The live IVF capture on 28 September 2026 contains three records: Standard Range with a 75kWh label, Long Range with a 100kWh label, and Performance with a 100kWh label. Those names align with the UK IM line-up. The matching battery size does not make Long Range and Performance the same car: the drivetrain and performance emphasis differ.

For Standard Range, the first question is whether the car covers the recurring journey pattern with a sensible charging margin. Long Range deserves consideration when longer intervals between charging are important. Performance should be selected because its driving character is wanted, with the insurance and tyre implications understood. More power is not a substitute for a comfortable driving position or a reliable place to charge.

MG’s published charging architecture differs across the range. Do not take the fastest charging headline attached to one IM5 and apply it to all three records. Ask for the exact UK technical sheet, identifying battery, motor configuration and model year. This page deliberately avoids turning a maximum laboratory range or a best-case charging duration into a promise about every IM5 that IVF might quote.

Plan the long-distance charging stop as carefully as the car

An executive-car lease may include repeated trips to the same clients or offices. Map those journeys around realistic stopping places, including where you can take a break and whether the charger can be reached without a lengthy diversion. A powerful charger symbol is not enough: availability, reliability, opening hours and payment arrangements determine how useful the stop is.

At home, verify the installation and parking arrangement before assuming overnight charging will be available. At work, establish who can authorise access and how costs will be recorded. If the IM5 will be shared, decide how the next driver receives the car with enough charge. That operational detail can be more valuable to a small business than choosing the largest battery without changing its handover routine.

Keep a margin for cold weather, faster roads, passengers and diversions. Manufacturer range testing provides a comparison basis, not a schedule for your appointments. Discuss a representative demonstration and the charging equipment supplied with the car. Where connected route planning or an app is important, check the actual UK functionality, account setup and any continuing service conditions.

Try the controls and rear cabin before choosing Performance

The IM5’s screen-led cabin warrants a stationary demonstration before a road test. Find the functions used every day, such as climate control, demisting, charging limits and navigation. Pair your own phone and try a normal call. A display that looks impressive in a photograph may still require an adjustment in the way you use the car; assess that while you can compare alternatives.

Set the driver’s seat for a genuine motorway journey, including steering-wheel reach and the view of the instruments. Then sit behind it. For a director regularly carrying colleagues, rear access and comfort should be tested with adults rather than inferred from the exterior dimensions. Check where a laptop bag, coat and charging cable go when the luggage area is already occupied.

Use a test route with parking manoeuvres, rougher surfaces and ordinary traffic. Compare the exact wheel and suspension specification to the proposed lease car. If a demonstrator has equipment that your quotation omits, ask for a written difference list. Driver-assistance features remain assistance: learn their limitations and avoid treating an advanced system name as permission to stop supervising the road.

IM5, IM6 or Model 3: make the comparison useful

IM6 is the nearby choice when a more upright SUV arrangement is the reason for changing car. Tesla Model 3 offers a separate electric executive-car approach, particularly in its controls and charging ecosystem. Try those differences rather than collecting quotations that obscure what you are deciding. The IM5 should earn its place through passenger fit, driving experience and the version that matches your journeys.

For company use, confirm the exact P11D value and options before payroll calculates the benefit. The model’s electric powertrain does not remove the need to examine road tax, list-price thresholds and changes across the contract. For private use, quote insurance against the actual version; Standard Range and Performance should not be assumed to produce the same premium.

MG’s vehicle and traction-battery warranties are separate commitments. Ask for the relevant documents and servicing conditions, and compare their mileage limits with the lease mileage. A high-mileage user can reach a mileage limit before the stated number of years. Maintenance, tyres and damage at return are different obligations, so retain those details alongside the technical specification when agreeing the contract.

MG IM5 company-car tax across the lease

An IM5 company-car calculation starts with its zero-emission status and the P11D of the selected version. Standard Range, Long Range and Performance need their own values; the driver’s tax bill is not calculated from the advertised monthly rental.

Calculate the taxable car benefit from the selected IM5’s P11D and the annual percentage, then apply the driver’s income tax circumstances. This concerns private use of an employer-provided car; it is not tax on the rental or a sole-trader deduction.

Company-car BiK benchmarks, 2026/27 to 2029/30

Use our company-car BiK guide alongside HMRC’s 2026/27 and 2027/28 tables and the published 2028/29 and 2029/30 changes. Tax information checked 28 September 2026 against the C1 ledger and its primary sources. Tax treatment depends on individual circumstances and may change; consult your accountant.

Road tax and costs across the term

Vehicle Excise Duty (VED). For 2026/27, the standard annual VED payment after the first year is £200 before any supplement. First-year VED depends on CO2 and registration rules; zero-emission cars currently have a £10 first-year rate. These cash rates apply to 2026/27 only; later annual VED rates are not confirmed here. Ask how the funder treats tax increases during your agreement.

Expensive Car Supplement. The Expensive Car Supplement is currently £440 a year for five years from the second licence. The list-price threshold is more than £40,000 for petrol, diesel and hybrid cars, or more than £50,000 for qualifying zero-emission cars registered from 1 April 2025. Use the published list price before discounts, including relevant options, and check the registration date. Plug-in hybrids do not receive the electric-car threshold. GOV.UK explains VED and the supplement.

Planned eVED. Planned from April 2028, eVED would add 3p per mile for electric cars and 1.5p for plug-in hybrids alongside VED. It is not currently in force; final legislation and implementation remain relevant. CPI uprating is planned from 2029/30, so later cash rates are not fixed here. Confirm the funder’s treatment of this charge for a contract crossing introduction. Read the government’s eVED consultation response.

Talk through the car and the agreement

VAT and the business accounts

VAT-registered businesses can normally reclaim 50% of the VAT on qualifying car rentals where private use is available, depending on circumstances and the normal VAT rules. Full rental-VAT recovery requires exclusive business use with no private availability. Maintenance can fall outside the rental block when it is genuinely optional, separately described in the contract and separately quantified on the invoice; recovery remains subject to normal VAT rules. Read HMRC’s motoring VAT guidance.

Businesses using the VAT Flat Rate Scheme do not normally recover input VAT on recurring car hire. The separate capital-goods exception does not turn hire invoices into a vehicle purchase. Check HMRC’s Flat Rate Scheme guidance.

A zero-emission car is not subject to the CO2-based lease-rental restriction. Check HMRC’s car-hire deduction rules.

For accounting periods beginning on or after 1 January 2026, revised FRS 102 generally requires a right-of-use asset and lease liability for lessees, including small companies using Section 1A. FRS 105 lease accounting for eligible micro-entities was not changed in the same way. Contract hire therefore does not universally keep a car off the balance sheet. Ask your accountant to apply the right framework; HMRC summarises the accounting standards.

Build the quotation around the way you will use it

Tell IVF your annual mileage, regular passengers, essential equipment, charging access where relevant and preferred timing. Ask for the precise model year, derivative, options and registration status to be written into the quotation. The catalogue is a starting point; the offered vehicle and funder terms need confirmation.

Business Contract Hire is taken by the business; Personal Contract Hire is taken by the private individual. Both are subject to status and individual funder criteria. Compare the initial rental, term, mileage, maintenance and applicable fees on the same basis. An initial rental is part of the hire cost, not refundable security or ownership equity.

A manufacturer warranty starts under the supplied car’s warranty terms, normally from first registration. Its time and mileage limits may finish before your lease does. It is separate from optional servicing and tyre cover. Confirm maintenance inclusions, insurance responsibilities, tax provisions and early-termination terms before signing.

At the end of contract hire, return the vehicle; there is no contractual purchase option. Excess mileage, damage beyond the funder’s fair wear and tear standard, missing equipment or other contractual charges may still be payable. Check the return process before choosing your agreement.

Useful next steps

Use MG leasing, MG IM6, Tesla Model 3, electric-car leasing, company-car BiK guide to narrow your choice or discuss a quotation.

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Intelligent Vehicle Finance is a trading name of XLCR Vehicle Management Ltd. Authorised and regulated by the Financial Conduct Authority, FRN 315268. We are a credit broker, not a lender, and we may receive a commission from lenders for introducing you to them. All vehicle finance is subject to status and individual funder criteria.

Company No. 03923327. The Melville Building, 15 Royal William Yard, Plymouth, PL1 3RP.

Editorial responsibility: Stacey Smith, Brand Director, Intelligent Vehicle Finance.

Last updated: September 2026

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