MG4 vs Toyota Corolla Hybrid: 5-year cost to own (Australia)
Over 5 years in Australia (12,000 km/yr), as of July 1, 2026, the Toyota Corolla Hybrid stays the cheaper car to own — about $42,750 vs $50,858 for the MG4, a $8,108 difference over 5 years.
Novated lease (FBT exemption): for a salary-packaged EV the federal FBT exemption can cut the cost substantially — it depends on your income and tax, so it is not in the totals above. Source: ATO.
Cheaper to own over 5 years · AustraliaToyota Corolla Hybrid · $42,750 total · $8,108 less than the MG4
MG4 vs Toyota Corolla Hybrid — where the money goes
| Cost component | Electric · MG4 | Hybrid · Toyota Corolla Hybrid |
|---|---|---|
| Depreciation (estimated) | $18,874 (37%) | $13,486 (32%) |
| Charging / fuel | $4,680 (9%) | $3,912 (9%) |
| ↳ of which charging loss | 12% (~$562) | — |
| Maintenance | $4,752 (9%) | $5,502 (13%) |
| Insurance | $12,725 (25%) | $10,000 (23%) |
| Financing interest | $5,452 (11%) | $5,475 (13%) |
| Registration & fees | $4,375 (9%) | $4,375 (10%) |
| Total cost of ownership | $50,858 | $42,750 |
When does the MG4 win?
Even at high mileage or a long hold, the Toyota Corolla Hybrid stays cheaper here — its lower price and slower depreciation dominate. The MG4 is the pick mainly for reasons beyond 5-year cost.
MG4 vs Toyota Corolla Hybrid, side by side
Electric
MG4
- 5-yr total cost
- $50,858
- Cost / month
- $848
- Cost / km
- $0.85
- Starting price
- $31,990
- Powertrain
- Electric
- Efficiency
- 16 kWh/100km
Hybrid
Lower 5-yr cost
Toyota Corolla Hybrid
- 5-yr total cost
- $42,750
- Cost / month
- $713
- Cost / km
- $0.71
- Starting price
- $32,110
- Powertrain
- Hybrid
- Efficiency
- 4 L/100km
- Australia electricity
- 33.00c/kWh AER
- Petrol (Australia)
- $1.63/L AIP
FAQ
Is the MG4 or the Toyota Corolla Hybrid cheaper to own over 5 years in Australia?
The Toyota Corolla Hybrid stays the cheaper car to own — about $42,750 vs $50,858 for the MG4, a $8,108 difference over 5 years.
When does the MG4 become cheaper than the Toyota Corolla Hybrid?
Even at high mileage or a long hold, the Toyota Corolla Hybrid stays cheaper here — its lower price and slower depreciation dominate. The MG4 is the pick mainly for reasons beyond 5-year cost.
How much more does the MG4 cost to buy than the Toyota Corolla Hybrid?
The MG4 starts at $31,990 — $120 less than the Toyota Corolla Hybrid ($32,110). Over 5 years the ownership gap is $8,108 in favour of the Toyota Corolla Hybrid.
Which costs less per km — the MG4 or the Toyota Corolla Hybrid?
The Toyota Corolla Hybrid: $0.71 vs $0.85 per km all-in ($713 vs $848 per month).