Car Deal of the Day: MG IM5 for £230 a month is IMmensely good value

The MG IM5 gives the Tesla Model 3 a good run for its money on account of its performance, high-speed charging and equipment levels – especially so at this price.

Through the Auto Express Buy A Car service , the electric saloon can be snapped up for a bargain £229.94 a month right now. That’s more than £100 cheaper than both the Model 3 and Polestar 2 , and represents tremendous value for money for those after an electric four-door with some executive car kerb appeal.

All that’s needed to get this two-year deal from Leasing Options off the ground is a 12-month initial outlay of £3,159.27, while mileage is capped at 5,000 a year. Monthly payments work out at £229.94.

Tweaking the terms still gives great bang for your buck, with a nine-month initial payment coming in at £2,658.54 and £250.95 a month, while raising the mileage cap to 8,000 a year costs between £20 and £22 a month extra. Even with an annual mileage limit of 10,000, the IM5 comes in at well under £300 a month.

The IM5 is part of the Chinese-owned British brand's more upmarket model range. As such it has all the bells and whistles; standard features include a massive 26.3-inch screen across the dashboard, a 10.5-inch touchscreen infotainment system, ambient lighting, ventilated and heated front seats and a heated steering wheel.

This deal gets you the Standard Range model, which features a 75kWh battery pack mated to a rear-mounted electric motor. Power stands at 291bhp, giving a sub-seven-second 0-62mph sprint time, while the battery can be topped up to 80 per cent in as little as 26 minutes. MG claims a range of 304 miles.

To drive, the MG IM5 makes for an excellent long-distance cruiser. Good body control and impressive high-speed ride comfort make for a stress-free driving experience.

The Car Deal of the Day selections we make are taken from our own Auto Express Buy A Car deals service, which includes the best current offers from car dealers and leasing companies around the UK.

Terms and conditions apply, while prices and offers are subject to change and limited availability. If this deal expires, you can find more top MG IM5 leasing offers from leading providers on our MG IM5 page .

Check out the MG IM5 deal or take a look at our previous Car Deal of the Day selection here…

George Armitage is a content editor working on Auto Express and is responsible for creating engaging content for the website. With experience in car sales and classic car restoration, he brings a hands-on passion for motoring to his role.