MG Electric Cars Assured Buy Back Plan: How It Works, Benefits & Eligibility

If you are planning to purchase an electric car and you feel worried about the resale value, the MG Electric Cars Assured Buy Back Plan can be the confidence booster you need. JSW MG Motor India has unveiled an industry-first initiative that promises a fixed resale value of EVs up to five years. The EV ownership has become more predictable, secure and worry-free for you.

With this move, MG will be the first carmaker to provide an assured buy-back on electric cars for such a long tenure. This plan will eliminate the depreciation feeling as a gamble, regardless of whether you drive a Comet EV in the city or a ZS EV in the long commute.

What Is MG Electric Cars Assured Buy Back Plan?

The MG Electric Cars Assured Buy Back Plan is a resale value guarantee programme wherein you will be guaranteed to receive a buy-back value of 40%-60% of the car’s price. At the time of purchase, you have an option of a tenure of 3, 4 or 5 years.

Unlike normal exchange schemes, this programme is not associated with loans or finance options. Even if you buy your EV in cash, you can still opt for it. The scheme is part of the larger “EV Sahi Hai” initiative by MG that has aimed at simplifying electric mobility for Indian buyers like you.

How the MG Electric Cars Assured Buy Back Plan Works

Here’s how the MG Electric Cars Assured Buy Back Plan works in simple terms:

• When buying the EV, you choose a tenure of 3, 4 or 5 years
• MG ensures there is a fixed resale value at the expiry of that period
• At maturity, you can retain, return or exchange the car

Assured Buy Back Value Snapshot:

This approach removes uncertainty and helps you plan upgrades without worrying about fluctuation in the market.

Benefits of MG Electric Cars Assured Buy Back Plan

The MG Electric Cars Assured Buy Back Plan is also associated with undisputed benefits which are not connected with discounts or freebies.

• Depreciation Protection: You are aware of the car’s value years in advance
• Flexible Exit Options: You can keep it, return it, or upgrade it
• Finance-Free Assurance: Works independently of loan schemes
• Boosts EV Confidence: Best when you are switching from petrol or diesel
• Commercial EV Coverage: A first in India for fleet owners
• Guaranteed resale value: Guaranteed resale value between 40% and 60%

For you, it will imply enhanced control over the long-term ownership costs and zero resale anxiety.

Eligibility Criteria for MG Electric Cars Assured Buy Back Plan

Before opting for the MG Electric Cars Assured Buy Back Plan, here’s what you should know:

• Applicable to MG Comet EV, MG Windsor EV and MG ZS EV
• Valid for private buyers across all variants
• Choose 3, 4 or 5 years for the buy-back period.
• Commercial MG ZS EVs eligible for up to 3 years
• Annual mileage cap of 60,000 km for commercial vehicles

Lockton India Insurance Broking facilitates the scheme and the Zuno General Insurance drives the power, which is transparent and credible.

How to Apply for MG Electric Cars Assured Buy Back Plan

The MG Electric Cars Assured Buy Back Plan is easy to apply and dealer assisted:

• Go to an authorised MG dealership
• Select your EV and preferred buy-back tenure
• Choose the guaranteed buy back option
• Receive documented resale value assurance

You don’t need to sign up for any mandatory finance or insurance package, which makes the whole process transparent and flexible for you.

Why MG Electric Cars Assured Buy Back Plan Matters for You

If resale value was holding you back from choosing electric, the MG Electric Cars Assured Buy Back Plan will eliminate that final barrier. With over 70% of MG’s monthly sales already coming from EVs and more than 50,000 EV customers are already on the road with over 70 % of MG monthly sales already coming from EVs.

For you, it will be more than a purchase of an EV that has become an experiment, it is a calculated, future-ready decision.

Terms and Conditions of MG Electric Cars Assured Buy Back Plan

Although the MG Electric Cars Assured Buy Back Plan offers strong benefits, some conditions apply:

• Vehicle must be maintained as per MG guidelines
• Normal wear and tear is acceptable
• Excessive damage or misuse may affect valuation
• Buy-back value depends on tenure and mileage
• Insurance and service history must be complete
• Mileage limits apply, especially for commercial use

Understanding these terms is the only way to ensure that you get the maximum benefits without facing the consequences in future.

FAQs 

Q1. Is MG Electric Cars Assured Buy Back Plan mandatory?
No, you can choose whether or not to opt for it.

Q2. Can you use the plan with a cash purchase?
Yes, the plan is independent of finance or loans.

Q3. Which MG EVs are covered under the plan?
MG Comet EV, MG Windsor EV and MG ZS EV.

Q4. Can commercial EV owners benefit from this scheme?
Yes, commercial MG ZS EV owners are eligible for up to 3 years.

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