MG4 (51kWh Excite) vs Toyota Corolla Hybrid: 5-year cost to own (NZ)
Over 5 years in New Zealand (14,000 km/yr), as of July 9, 2026, the Toyota Corolla Hybrid stays the cheaper car to own — about $42,202 vs $49,973 for the MG4 (51kWh Excite), a $7,771 difference over 5 years.
No EV purchase rebate in NZ (the Clean Car Discount ended Dec 2023), and EVs now pay Road User Charges (~NZ$76/1,000 km). Both are reflected honestly — the RUC is included in the totals above. Source: NZTA.
Cheaper to own over 5 years · NZToyota Corolla Hybrid · $42,202 total · $7,771 less than the MG4 (51kWh Excite)
MG4 (51kWh Excite) vs Toyota Corolla Hybrid — where the money goes
| Cost component | Electric · MG4 | Hybrid · Toyota Corolla Hybrid |
|---|---|---|
| Depreciation (estimated) | $22,614 (45%) | $15,830 (38%) |
| Charging / fuel | $5,098 (10%) | $8,732 (21%) |
| ↳ of which charging loss | 12% (~$612) | — |
| Maintenance | $2,247 (4%) | $3,752 (9%) |
| Insurance | $7,000 (14%) | $6,500 (15%) |
| Financing interest | $6,769 (14%) | $6,524 (15%) |
| Registration & fees | $6,245 (12%) | $865 (2%) |
| Total cost of ownership | $49,973 | $42,202 |
When does the MG4 (51kWh Excite) win?
The Toyota Corolla Hybrid wins decisively here — $7,771 cheaper over 5 years; at typical assumptions this isn't a close call.
No realistic annual distance flips this verdict — the Toyota Corolla Hybrid stays the cheaper car at every distance we model.
What decides the MG4 (51kWh Excite) vs Toyota Corolla Hybrid verdict
The single biggest mover is depreciation: $22,614 on the MG4 (51kWh Excite) against $15,830 on the Toyota Corolla Hybrid, a $6,784 gap in the Toyota Corolla Hybrid's favor — the largest slice of the $7,771 verdict. On the MG4 (51kWh Excite), depreciation alone is 45% of its $49,973 total; on the Toyota Corolla Hybrid it is 38% of $42,202.
- Registration & fees: MG4 (51kWh Excite) $6,245, Toyota Corolla Hybrid $865 — $5,380 more in the Toyota Corolla Hybrid's favor.
- Energy: $5,098 of charging for the MG4 (51kWh Excite) vs $8,732 of petrol for the Toyota Corolla Hybrid — $3,634 the other way, to the MG4 (51kWh Excite).
- Maintenance: MG4 (51kWh Excite) $2,247, Toyota Corolla Hybrid $3,752 — $1,505 the other way, to the MG4 (51kWh Excite).
Energy is the MG4 (51kWh Excite)'s strong suit: $3,634 back, 47% of the Toyota Corolla Hybrid's lead — just not enough to turn it. The MG4 (51kWh Excite) starts $1,300 behind the Toyota Corolla Hybrid at the dealer, and ownership widens it — the 5-year gap grows to $7,771. The Toyota Corolla Hybrid is ahead by $2,120 after the first year and more than doubles that lead — $7,771 by year 5.
MG4 (51kWh Excite) vs Toyota Corolla Hybrid, side by side
MG4 (51kWh Excite)
- 5-yr total cost
- $49,973
- Cost / month
- $833
- Cost / km
- $0.71
- Starting price
- $38,990
- Powertrain
- Electric
- Efficiency
- 14.5 kWh/100km
Toyota Corolla Hybrid
- 5-yr total cost
- $42,202
- Cost / month
- $703
- Cost / km
- $0.60
- Starting price
- $37,690
- Powertrain
- Hybrid
- Efficiency
- 4.2 L/100km
- NZ electricity
- 34.00c/kWh EA / MBIE
- Petrol (NZ)
- $2.97/L MBIE