MG MG4 vs Toyota Corolla
Data verified April 2025
At this driving profile, the Toyota Corolla is the more economical choice over 5 years in New South Wales.
Running only 15,000 km per year in New South Wales, the MG MG4's higher purchase price doesn't fully pay back through lower running costs within 5 years. The MG MG4 costs $76,769 in total versus $64,802 for the Toyota Corolla — a difference of $11,967. The numbers don't reach break-even within this holding period. If you drive significantly more km per year, or if petrol prices rise substantially, this comparison would shift.
The economics don't stack up at this driving distance — increase annual km or extend the holding period to change the picture.
Frequently asked questions
Is the MG MG4 cheaper than the Toyota Corolla over 5 years in Australia?
At 15,000 km/yr in NSW the Toyota Corolla is the cheaper option over 5 years: $64,802 total versus $76,769 for the MG MG4. Use the calculator above to adjust for your driving distance.
Does the MG MG4 break even against the Toyota Corolla?
At 15,000 km/yr in NSW the MG MG4 does not fully recover its price premium within a 5-year holding period. Higher annual km or an extended holding period would improve the picture. Use the calculator above to model your situation.
How much does it cost to charge the MG MG4 vs fuel the Toyota Corolla per year?
At 15,000 km/yr in NSW, charging the MG MG4 costs approximately $885/yr (blending home and public charging), versus $1,203/yr in petrol for the Toyota Corolla.
How savings vary by state
5-year total cost at 15,000 km/yr using each state's electricity and fuel rates. Click a state for the full breakdown.
| State | EV saving over 5 yrs | Break-even |
|---|---|---|
| New South Wales | $11,967 | > 5 yrs |
| Victoria | $11,805 | > 5 yrs |
| Queensland | $9,316 | > 5 yrs |
| Western Australia | $9,432 | > 5 yrs |
| South Australia | $11,064 | > 5 yrs |
| Tasmania | $8,784 | > 5 yrs |
| Australian Capital Territory | $8,720 | > 5 yrs |
| Northern Territory | $8,526 | > 5 yrs |