MG 4 EV Runout Sale: $37,990 Price but Is It Enough?

If you have been waiting for a reason to buy an electric hatch, the new MG 4 EV Runout might be the nudge you need, though it comes with a caveat. MG Motor Australia has officially slashed the price of its entry-level Excite 51 model to $37,990 drive-away in a nationwide push to clear stock. While this is a welcome reduction, sharp-eyed buyers will notice it isn’t quite the fire-sale pricing we saw last year. Is this the right time to buy, or should you wait for the all-new Urban model coming in 2026?

The Deal: What You Get for $37,990

As MG prepares to trim its lineup, the base Excite 51 is being shown the door. To move these units, MG has cut the drive-away price by anywhere between $365 and $2,526, depending on your location.

This pricing applies to the 51kWh battery variant, which offers a solid entry point into the EV world. But the savings don’t stop at the sticker price.

Bonus Charging Voucher

To sweeten the MG 4 EV Runout offer, any vehicle sold and delivered before December 31, 2025, will include a massive bonus:

12-month / 1,000kWh voucher for the Evie public charging network.

This effectively covers the “fuel” costs for the first year of ownership for many urban drivers, adding real-world value to the package.

A Reality Check on Pricing

While $37,990 is attractive, it is important to remember the context. In late 2024, MG briefly offered this same car for as low as $30,990 drive-away with factory bonuses. That deal saw sales skyrocket by nearly 98%. The current offer is good, but the days of the $30k MG 4 appear to be behind us for now.

What’s Being Axed?

This runout isn’t just a sale; it’s a lineup restructuring. MG is officially discontinuing:

The 51kWh Excite (Base Model)
The 77kWh Long Range variants

This consolidation is paving the way for a simplified range and the introduction of a completely new budget contender.

Coming Soon: The New MG 4 Urban

The reason for this clearance is the imminent arrival of the MG 4 Urban, expected to land in Q2 2026. This new model will slot in underneath the current RWD range as the dedicated budget option.

MG 4 Urban Specs vs. Current Model

The new Urban is a different beast entirely. Unlike the current rear-wheel-drive platform that enthusiasts love, the Urban will switch to a front-wheel-drive layout to save costs.

Batteries: Available with smaller 43kWh or 54kWh packs.
Power: A single electric motor producing 120kW and 250Nm.
Suspension: It swaps the sophisticated multi-link rear suspension for a cheaper torsion-beam setup.
Size: Surprisingly, it features softer styling and is slightly larger overall than the current car.

Expert Analysis: Buy Now or Wait?

The MG 4 EV Runout presents a unique dilemma. The current Excite 51 is a fantastic car with rear-wheel-drive dynamics and a sophisticated platform. The incoming Urban model, while likely cheaper, compromises on the driving dynamics that made the MG 4 a critical darling.

If you value driving fun and want a car now, this runout deal is a solid choice, especially with the charging bonus. If you purely want the cheapest EV appliance possible and don’t care about rear-wheel drive, waiting for the Urban in 2026 might be your best bet.

Conclusion

The MG 4 EV Runout signals the end of an era for the current entry-level favorite. With a drive-away price of $37,990 and free charging for a year, it remains one of the best value-for-money EVs on the road today.

However, with the budget-focused, front-wheel-drive Urban model on the horizon, buyers need to decide if they want the better-driving car today or the newer, cheaper technology tomorrow.

What would you do? Snap up this RWD runout deal or wait for the cheaper FWD Urban? Share your thoughts below!

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