Whilst Parliament have passed a law that aims to block the UK leaving the EU without a deal on 31 October, this does not completely rule out a no-deal Brexit either before 31 October or in the future.
What does this mean for the you and the order for your new vehicle?
Leaving the EU with no deal agreed is likely to mean a move to WTO (World Trade Organisation) arrangements which could result in new import duties/tariffs being imposed on all vehicles entering the UK. If the vehicle which you are choosing to order with us is a factory order or pipeline vehicle and scheduled to arrive after the leave date or if it is a pipeline vehicle which is due to arrive in to the UK before the leave date but does not exit customs and the docks before 11pm on the leave date, the addition of tariffs will potentially result in a price increase to the vehicle. Any price increase will result in an increase to the rentals or payments under the finance agreement that we are arranging and we may have to apply for a re-acceptance of your proposal from the funder which could lead to an additional search being made with a credit reference agency.
We appreciate that the uncertainty may be unsettling. However, we will be closely monitoring the situation and, in the event that your vehicle price is affected, we will of course discuss the implications of this. A finance agreement is a long-term commitment and you must be sure that you are able to service the payments under the terms of the contract. If your vehicle price increases which makes this no longer affordable, you may cancel the order and we will waive our cancellation fee. We will of course be able to assist you with finding an alternative vehicle which suits your needs and budget.
If you have any queries please contact us at 01189 838020.