Opportunities in vehicle leasing post- Brexit

More and more UK leasing customers are enquiring about the facilities where the growth in enquiries was more than 44 per cent in H1, 2018 as per contract-hire-and-leasing dot com company. A study by UHV Hacker Young finds the cost of leasing is up 9 per cent due to Brexit. Weakening currency will affect car sales, where even deep discounts will not be able to attract new buyers. Buyers are using emails to find out about new options in leasing, that accounts for one-third of car sale. Previously, buyers used to visit showrooms and take test drives before buying but now, the number of online clients is increasing.  The companies allows customers to select the type of vehicle - Coupe or sedan , new or used car, and the buyer can pay full price or borrow to get the vehicle on lease. Leasing   at the time when the interest rates are at historical lows, provides opportunity to drive the desired vehicle and pay later, or one can pay the full money in cash upfront. 

Leasing allows the buyer to pay for driving for some years on lease terms, where the customer can return the vehicle when the lease term ends, or pay full money and purchase the vehicle.  Leasing is finest options for people who would like to shift cars and are ready to pay indefinitely. Companies restrict the number of drive miles and there are various other conditions on leasing. The facility allows driving a car with latest features without paying very high cost of buying. 

Brexit delayed new motor manufacturing where the new car sales reduced in the first half of the year and investment in motor manufacturing reduced raising fears of job loss. Recently, Intelligent Car leasing claimed growth in van leasing services where light commercial vehicles could be leased. The industry has been affected by fuel price and cost of motoring. Car manufacturing is widely dependent on components, which comes from smaller units and car manufacturing companies have employees in various different towns in Europe. About 1.72 million cars were manufactured in the UK in 2016 and 1.35 were exported.  The investment in manufacturing reduced during Brexit and prices will be affected by it, and also by other factors e.g. oil prices and currency fluctuation.  The insurance prices have already increased significantly, especially, for men motorist. 

Before Brexit there were duty free list of items where travellers were given a duty free allowance. Britons were bringing tobacco and alcohol from other EU countries under limits. Travelling outside UK to other European countries and buying car will not remain the same for all the buyers as the cost may increase for UK buyers, although, car leasing will not be subjected to border control. Travellers are allowed unrestricted travel by road but one will have to provide complete information related to time of travel and there will be restrictions on the duration of stay, also one will have to get a visa to travel.  

To find out more about vehicle leasing, click 99 Alternatives at (http://www.99alternatives.com).