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 1, 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?
Even at high mileage or a long hold, the Toyota Corolla Hybrid stays cheaper here — its lower price and slower depreciation dominate. The MG4 (51kWh Excite) is the pick mainly for reasons beyond 5-year cost.
MG4 (51kWh Excite) vs Toyota Corolla Hybrid, side by side
Electric
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
Hybrid
Lower 5-yr cost
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
FAQ
Is the MG4 (51kWh Excite) or the Toyota Corolla Hybrid cheaper to own over 5 years in New Zealand?
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.
When does the MG4 (51kWh Excite) 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 (51kWh Excite) is the pick mainly for reasons beyond 5-year cost.
How much more does the MG4 (51kWh Excite) cost to buy than the Toyota Corolla Hybrid?
The MG4 (51kWh Excite) starts at $38,990 — $1,300 more than the Toyota Corolla Hybrid ($37,690). Over 5 years the ownership gap is $7,771 in favour of the Toyota Corolla Hybrid.
Which costs less per km — the MG4 (51kWh Excite) or the Toyota Corolla Hybrid?
The Toyota Corolla Hybrid: $0.60 vs $0.71 per km all-in ($703 vs $833 per month).