‘This golden age of affordable cars and truck offers won’t last forever’
Suffering from Brexit tiredness yet? I don’t blame you. Negotiations for our departure from the European Union have barely started as well as I suspect a degree of indifference is already setting in for many of us. That’s completely understandable, however the truth is what’s agreed might have major implications on what you pay for your next car.
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I’ve had a number of discussions just recently with market insiders who are now really fearful that Brexit might do some damage to prices, as well as the PCP offers that many of us now utilize to run a new car. few want to go on the record for fear of being seen as a prophet of doom, however the concern is real.
The believing behind this was backed up last week by a report from the bank of England which highlighted that many motorists will deal with a hike in monthly payments for PCPs as business try to contend with a decrease in the value of second-hand vehicles. manufacturers are being squeezed further by the depreciation of the pound, which has fallen from 1.31 to 1.13 Euros since the referendum.
While the report didn’t explicitly mention the B-word, it’s remove the uncertainty surrounding our future trading connection with the rest of the world is having an impact. as well as regardless of whatever is negotiated Brexit-wise, the weakness of the pound will ensure cars and trucks made abroad will ended up being more expensive. higher new costs as well as lower utilized values can mean only one thing – more costly PCPs.
Of program at this stage, nothing can be cast in stone. however as the months pass, it does seem to be progressively remove that the momentous vote will have repercussions over what we pay for cars. Ally that to continuous disquiet over the whole cars and truck finance model, as well as you can’t assist however feel we should make the most of this golden age for deals, since it’s unlikely to last forever.
Do you agree with Graham that Brexit uncertainty might have unfavorable impacts for British drivers? let us understand in the comments section below…