There is a risk that, in the event of a hard Brexit, any new import and export tariffs could push up the price of a new car; many believe it could add as much as £3000 to the list price.
Prime Minister Theresa May has asked the European Union to delay Brexit for three months, meaning the UK wouldn’t exit the EU until 30 June, as she tries to get her deal through Parliament.
And that’s why right now could be the best time to order a new car.
Place a factory order now and your dealer can more or less guarantee the price of the car. However, if car buyers hold off it may be too late to make the most of the offers available.
Alex Rose, Trading and Supply Operations Director at carwow, says: “The flip side of all this uncertainty is we know the price of a new car right now. It’s fixed and so if you are considering buying a new car, the next few weeks is the opportune time.”
Check how much car prices could go up if there’s a hard Brexit by using the carwow car prices after Brexit calculator.