Preparing For Brexit

Preparing For Brexit

Brexit – How Might You Be Affected?

We don’t often enjoy speaking about the B-word in the office. However, it is important to know how a no-deal Brexit might affect new cars coming into the country.

Whilst we remain hopeful that the industry isn’t going to be affected too much, we still believe you need to be informed.

Nowadays, most cars the UK buys are imported from Europe including Citroens and Peugeots. This means some cars may be delayed at the ports when being shipped over.
At Smart Leasing Solutions, we rely heavily on finding stock within the UK which should largely remain unaffected.

In the instance for factory ordered vehicles, anything entering the UK between October 31st December 31st, they may be subject to minor delays. Something out of everyone’s control, unfortunately. Delays can come from anywhere, we anticipate there to be minimal disruption, however, any imports could be scrutinized to further checks at the port.

Will Brexit Affect The Price?

There is some talk of certain imports being subject to a 10% increase with new tariffs being potentially brought in. This means that trades such as new motors, car parts, and fuel could have a price increase.

The best way to avoid a potential price increase is to order your new lease sooner rather than later to give you the best possible chance of securing your shiny new car at a price that suits you!

The UK Car Market In Numbers (daily):

1,100 EU trucks deliver UK cars and engine plants
6,400 cars are manufactured and 10,500 engines manufactured
1,300 cars distributed to UK dealers

Source: www.smmt.co.uk/industry-topics/brexit/

At this stage, we can’t be certain how a “no-deal Brexit” might affect the motor industry. However, we are going to do everything in our power to make the transition as seamless as possible for everyone. At the moment, everything is purely hypothetical until Brexit happens.

The best way to check whether Brexit is going to affect you is to call our team on 0161 791 0101 or visit the Government website here: www.gov.uk/brexit

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