The MG One is a dynamic and modern SUV from the British-born, Chinese-owned automaker Morris Garages (MG). As a brand, MG has been rapidly growing in popularity across Saudi Arabia, known for offering stylish and affordable vehicles packed with technology. If you are considering purchasing the MG One, it is essential to understand the total cost of ownership in the Kingdom of Saudi Arabia (KSA). This goes beyond just the sticker price and includes factors such as insurance, maintenance, fuel consumption, and depreciation.

In this guide, we will break down the key components that contribute to the overall cost of owning the MG One in KSA.

Initial Purchase Price
One of the primary factors when calculating the cost of ownership is, of course, the initial price of the vehicle. The MG One is positioned as an affordable mid-size SUV with competitive pricing in KSA. Depending on the trim level and options selected, the new car prices for MG One ranges between SAR 83,295 and SAR 97,268. Higher trim levels with more advanced features may push the price closer to the upper end of this range, but even at its highest price, the MG One offers excellent value for money.

Insurance Costs
Car insurance is a mandatory expense for vehicle owners in Saudi Arabia. The cost of insuring an MG One will vary depending on several factors, including the driver's age, driving history, and the chosen level of coverage (third-party or comprehensive insurance). For a new SUV like the MG One, comprehensive insurance is highly recommended to cover a wide range of potential incidents such as theft, accidents, and fire damage.

On average, the annual cost of insuring an MG One in KSA ranges from SAR 2,000 to SAR 3,500, depending on the specific coverage options and the insurance provider. Be sure to shop around and compare quotes from different insurers to find the best deal.

Fuel Efficiency and Costs
Fuel prices in KSA remain relatively low compared to other regions, which is a significant advantage for vehicle owners. The MG One comes equipped with a 1.5-litre turbocharged engine that produces 168hp and 275Nm of torque. The average fuel consumption of the MG One is approximately 7.0 to 7.5 litres per 100 km, which is considered efficient for an SUV of its size.

Given current fuel prices in KSA (approximately SAR 2.33 per litre for 91-octane fuel), the cost of filling up the MG One’s tank will vary, but you can expect an average monthly fuel cost of SAR 300 to SAR 400, depending on your driving habits and the distance you cover.

Maintenance and Servicing
Routine maintenance and servicing are vital to ensure the longevity of any vehicle, and the MG One is no exception. Fortunately, MG vehicles are known for their affordability when it comes to maintenance. Many dealerships in KSA offer prepaid service packages that cover the cost of regular maintenance, such as oil changes, tire rotations, and brake inspections, over a certain number of years or kilometres.

On average, you can expect to spend around SAR 1,500 to SAR 2,500 annually on maintenance for the MG One. Opting for a prepaid service plan can help manage these costs more efficiently.

MG also provides an industry-leading warranty in KSA, which typically covers five years or 150,000 km, whichever comes first. This warranty significantly reduces the cost of unexpected repairs during the first few years of ownership.

Depreciation
Depreciation is another essential factor to consider when calculating the total cost of ownership. Like most vehicles, the MG One will lose value over time, but MG's growing reputation and increasing demand in KSA help mitigate depreciation to some extent.

On average, the MG One may experience depreciation of around 15 percent to 20 percent in the first year, followed by slower depreciation rates in subsequent years. After five years, the vehicle is expected to retain about 60 percent of its original value, depending on market conditions and demand for used cars in the region.

Registration and Other Costs
In Saudi Arabia, vehicle registration fees are an additional cost that must be factored into ownership. These fees are relatively modest compared to other costs and are usually in the range of SAR 300 to SAR 500 annually, depending on the vehicle and government regulations.

Other potential expenses include toll charges if you frequently use toll roads, as well as parking fees in urban areas, which can add to the overall cost of owning a vehicle in KSA.

Resale Value
As MG continues to establish itself as a reliable and reputable brand in KSA, the resale value of its vehicles, including the MG One, is expected to hold up reasonably well. The growing demand for affordable, tech-savvy SUVs will likely ensure that the MG One remains attractive in the second-hand market, helping you recover a significant portion of your investment when it is time to sell or trade in your vehicle.

Conclusion
The MG One offers an attractive package for buyers in KSA looking for a modern, feature-packed SUV at an affordable price. While the initial purchase cost is competitive, it is essential to consider the ongoing expenses of insurance, fuel, maintenance, and depreciation. With proper care and regular maintenance, the MG One can be a cost-effective and enjoyable vehicle to own in KSA. By understanding these key factors, you can make an informed decision about whether the MG One is the right SUV for your needs and budget.