LeasingOptions Issues Advice Ahead of Brexit

LeasingOptions, the UK’s leading car leasing company, has issued a warning to all motorists ahead of the Brexit deadline, 31st October.

With the European car industry already warning of ‘catastrophic effects’ of a no-deal Brexit, manufacturers are advising customers that there may be a 10 per cent increase on tariffs if the UK proceeds with a no-deal option.

Import tariffs on EU manufactured parts and repairs could also result in higher costs for servicing, MOTs and repairs spelling out even more bad news for British motorists.

Mike Thompson, Sales and Marketing Director at LeasingOptions.co.uk, said: “The impact of Brexit is going to hit British motorists hard financially – with possible multi-layered increases of costs expected.

“One way to avoid this is if motorists are thinking about changing their cars – they need to act fast and get the orders confirmed before 31st October.”

For further information on the impact of Brexit and the motoring industry check out this blog