- MG Finance launches More DRIVE GFV finance.
- Terms run from 24 to 48 months.
- MG HS from R4 999 per month.
- 10% deposit, 20 000 km per year.
- Offered on MG3, ZS, ZS PRO, HS.
MG Motor South Africa has introduced More DRIVE, a Guaranteed Future Value (GFV) finance product from MG Finance announced in Johannesburg on 07 October 2026. For South African buyers it offers lower monthly repayments and a choice at the end of the contract to keep the car, trade it for a new MG or hand it back.
“More DRIVE brings our range of vehicles within reach to many more customers,” said Jack Wang, Vice President in charge of Sales and Marketing for MG Motor South Africa, adding that predictable cost of ownership brings peace of mind in a market where affordability remains paramount.
How the MG More DRIVE plan works
Agreements run from 24 to 48 months. The structure works much like a traditional instalment sale with a balloon payment, but the customer and MG Finance also sign a separate addendum. This gives the customer the right to return the vehicle at the end of the term and have MG Finance settle the balloon, provided set conditions are met.
At the end of the term, owners can keep the car by settling or refinancing the GFV, return it and take out a new agreement on a new MG, or return it to any MG dealership and have MG Finance settle the GFV.
Kilometre limits and wear conditions
GFV agreements carry an annual kilometre limit, for example 20 000 km per year, and the GFV is based on that allowance. Exceeding it by up to 2 000 km results in an excess kilometre charge. Going more than 2 000 km over, or failing the fair wear and tear conditions, removes the return option and leaves the customer liable for all outstanding amounts including the GFV.
Owners must also keep up with official servicing and maintenance. Very small dents and scratches are generally acceptable, but more serious damage must be repaired to the manufacturer’s standards before the vehicle is returned or traded in.
MG HS finance example and pricing
The example offer is based on the MG HS 1.5 Turbo Comfort, which has a recommended retail price of R499 900. Over 24 months with a 10% deposit and a 20 000 km annual limit, repayments start at R4 999 per month at an interest rate of 5.86% linked to prime, with a GFV of R384 923.
An initiation fee of R1 207.50 and a monthly service fee of R69 apply. More DRIVE offers are available on the MG3, MG ZS, MG ZS PRO and MG HS ranges through MG dealerships, subject to terms, conditions and finance approval. MG Finance is a product of WesBank, a division of FirstRand Bank Ltd.
Supplied by MotorPress (Joe Pretorius, Marketing & Communications Manager, MG Motor South Africa)
This story is based on aggregated news, press release(s) or other sources and was prepared with the help of AI tools, which can make mistakes. Prices, specifications, general information and availability may change, so confirm the details with the manufacturer, other news sources or a dealer.