Unless you’ve been living under a rock for the last year or so, you will know about this little thing call “Brexit” but like most people, you probably don’t know how most things are going to be affected by the UK leaving the EU. One of the biggest questions we are being asked is “How will car leasing be affected by Brexit?”, so here are our views.

Without getting political, Brexit is going to make a few things more expensive and put people off doing certain things, one of the biggest purchases that people will be put off is purchasing a new car. Brexit will most likely affect the price of cars which means the danger of buying the car at a higher price and losing more value quicker is a bigger reality.

The impact Brexit will have on the car leasing industry will most likely see a delay in getting the vehicles as manufactures have said they plan for a slow-down in the demand, regardless of a hard/soft or no deal Brexit. This means that when you decide to get a brand-new leased vehicle, you might have to wait a little longer, maybe another month, but that vehicle will still end up on your driveway.

The second part of the answer to this question is about cost, surely it will see prices skyrocket up? The reality is, no one really knows but we can make an educated guess that prices will go up a little but not a lot, car leasing is incredibly cost effective when compared to any other method of getting you behind the wheel of a new car.

Brexit will hit vehicle purchasing more than any other method of getting a car, but to lock in the best price, contact us here, get a quote and get your new car lease ordered and booked in!