MG’s ZS EV is the biggest competitor to the most sold EV in India, i.e. Nexon EV, and it’s rapidly rising in the Indian EV scene with new product launches and features in the upcoming EV market.
Unlike Tata, MG Motors is a British company with a great presence in the global market, and MG is working actively to expand its Indian audience. The MG ZS EV has a good range with great features and user-friendly after-sales service, but at a much higher price. In short, one can call the MG ZS Electric the high-end version of the Nexon EV but at a premium price point. One issue with the ZS EV is the “charging network”, and Tata has a much higher edge in this domain.
The Ex-showroom price of the MG ZS EV is almost 26 lakh, but there’s a way wherein you can cut down the upfront cost and own an EV at a monthly leasing plan.
In this article, let’s see how one can get the MG ZS EV on lease and look at the complete breakdown of the MG ZS EV lease plan.
How to lease MG ZS EV:
The ex-showroom price for the MG ZS electric car is ₹ 26,00,000/-, and including RTO charges & vehicle insurance, the car’s on-road price goes higher. Paying such an enormous upfront cost can become financially draining for some customers. But, with leasing, you can own the EV on a monthly payment basis and enjoy various perks like EV charging support, door-step maintenance, community support, and much more with one subscription.
In EV leasing, one can own a vehicle on a monthly payment basis. But unlike a loan, you aren’t bound to purchase or keep the vehicle. After the leasing period, you can change the EV and lease a newer one.
Leasing is explained in 4 steps –
- Leasing Instead of buying: You rent an EV (car, scooter, motorcycle etc.) for a fixed period (usually months or years).
Just like your Netflix subscription, you can get an EV on a monthly subscription. It’s just that you pay for a long time, usually 1-2 years.
- Lower upfront cost: You pay a small down payment instead of the entire purchase price.
In leasing, your upfront cost goes significantly down, and if you are an intelligent consumer, you can reinvest the remaining capital and have more money in your pockets after the lease ends.
- Payments: You know exactly how much you’ll pay each month, making budgeting easier.
With electric vehicles, you can save a significant capital on fuel that can make your pocket heavy.
- Flexibility: You can choose the lease term and sometimes upgrade to newer models later.
This is the biggest U.S.P. of leasing an E.V., and you can always choose to replace your existing E.V. with a newer one with almost the same monthly subscription.
EV Leasing Option:
Zecat is the best leasing platform in the market, which deals in electric vehicles. If you are considering leasing your next electric vehicle, “Zecat” is your go-to option with top-notch services and affordable plans.
EV Experience:
Zecat also provides an E.V. for a 7-day trial to give you a reality check about the E.V. you will commit in the next 1-2 years. The concept of a 7-day E.V. trial is getting popular among many audiences, and Zecat is at the forefront.
MG ZS EV Leasing Cost:
Zecat has 2 models for E.V. leasing:
- Test the vehicle for 1 week: Here, you can have the E.V. from us and experience it for a whole week.
- Enjoy long-term leasing: Directly lease the Electric Car from Zecat for several years by making easy monthly payments.
Here’s the price for experiencing and long-term leasing the MG ZS EV:
MG ZS EV experience cost:
- MG ZS EV: ₹13,400/-
MG ZS EV monthly leasing cost:
- MG ZS EV: ₹40,000/-
(The price above may vary based on state subsidy and on-road price.)
After leasing or renting an EV from Zecat, you need not to worry about insurance, maintenance, depreciation, resell value, and other factors because Zecat offers you all these services that come with the vehicle. With Zecat, you also get access to a network of EV charging stations, which will solve all your charging problems. So, contact Zecat now and get your dream EV.
Perks of EV leasing from Zecat:
In simple terms, these are the following services offered by Zecat.
- We offer 7 days of EV experience, intended to give users a first-hand experience of the EV and check the user-car compatibility for long-term ownership. (This is a paid service)
- Leasing services: After experiencing this, you can lease or buy the EV from us.
- Charging support: Zecat will install a dedicated smart EV charger at your desired location, which you can use for fast and slow charging.
- Servicing and Maintenance: Zecat will provide “free” doorstep maintenance and expert servicing for your electric vehicle.
- Fully Insured vehicles: The vehicle you’ll get will be fully insured, and you don’t have to spend a single penny on the vehicle’s insurance.
Benefits of EV Leasing:
- Lower upfront cost: Leasing eliminates the need for a large down payment, making EVs more accessible to a broader range of consumers. Especially in a price-sensitive market like India, leasing is the only saviour of the future of electric vehicles. Leasing an EV can reduce monthly expenses by up to 20% compared to purchasing one.
- Flexibility: You’ve got one life; why commit it to one vehicle? Lease an EV and change your electric ride every year. Leasing can give you the option to change your ride every 2 years.
- 0% maintenance costs: EV leases typically include comprehensive maintenance packages, covering all repair and service costs during the lease term. This can significantly reduce financial burden and provide peace of mind.
- Tax Benefits: Buying an EV on a loan is considered luxury spending, and you are charged tax on your loan, but when you lease an EV, you get tax benefits.
Futureproofing: EV technology is rapidly evolving, with new battery breakthroughs and charging infrastructure developments happening frequently. By leasing, you can stay ahead of the curve and enjoy the latest technological advancements without incurring the high cost of upgrades.
MG EV Specs:
ZS EV | Specification |
Range | 461 km |
Top Speed | 175 km/h |
Charging Time | 9 hours |
Battery | 50.5 kWh Lithium-ion Battery |
Motor | 130kW |
Charging Cost (Approx.) | 50 unit |
Fast Charging | Yes (1 hours to 80%) |
