What is a 2023 MG MG3 worth?
Our estimate for a 3-year-old MG MG3 in average condition with typical mileage, on 2026 market pricing.
The 2023 MG3 on its value curve
The marker shows where a 2023 model sits today: 3 years in, 44% of the new price already gone. The steep part of the curve is behind it; from here it sheds value at roughly 14% a year.
If you buy it now
| Fair buy price (retail) | R 128 981 |
| Worth in 1 year | R 110 924 |
| Worth in 3 years | R 82 039 |
| 3-year cost of ownership (depreciation) | R 46 942 |
| ±Monthly financed | R 2 254/m |
Depreciation only; fuel, insurance and maintenance excluded.
Is one year newer worth it?
| Model year | Est. retail | Step up costs | |
|---|---|---|---|
| 2024 | R 156 407 | — | See value → |
| 2023 (this page) | R 128 981 | +R 27 426 to newest | |
| 2022 | R 105 141 | +R 51 266 to newest | See value → |
2023 MG MG3: common questions
What is a 2023 MG MG3 worth in South Africa?
Around R 128 981 as a retail asking price, with clean low-mileage examples reaching R 140 589 and higher-mileage cars closer to R 117 373. A dealer trade-in offer would sit near R 113 503.
Is a 2023 MG MG3 a good buy now?
It has already absorbed 44% of its new-car depreciation. If you buy at R 128 981 and keep it three years, expect it to shed roughly R 46 942 more. As a chinese (new entrant) model, its steepest losses are behind it, which is exactly when this kind of car makes the most financial sense used.
What did a 2023 MG MG3 cost new?
About R 229 851 at launch pricing in 2023 (our estimate, deflated from today's list price). It has kept 56% of that.
What would financing a 2023 MG MG3 cost monthly?
At R 128 981 over 72 months at 11.75% with 10% down, roughly R 2 254 per month before fees and insurance. Shorter terms suit used cars better; run your own numbers in the value calculator.
Keep going
Estimates modelled from list pricing and our SA depreciation tiers; condition, mileage, spec and region move real prices. Not a valuation or an offer.