Credo Asset Finance

Business & Personal Asset Finance in Norwich

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
  • Home
  • We Finance…
    • Credo Capital
    • Car Finance
    • Classic Car Finance
    • Construction Finance
    • Haulage & HGV Finance
    • Van & LCV Finance
    • Prestige Vehicle Finance
    • Horsebox & Trailer Finance
    • Motorbike Finance
    • Bus & Coach Finance
    • Agricultural Finance
    • Technology Asset Finance
    • Renewable Energy Finance
    • Engineering Finance
  • Products & Services
    • Asset Refinance
    • Invoice Finance
    • VAT Deferrals
    • Operating Lease
    • Hire Agreement
    • Hire Purchase
    • Finance Lease
    • Structured Payments
    • Contract Hire
    • PCP (Personal Contract Purchase)
    • Request a Settlement
  • About Us
    • Meet the Team
    • FAQs
    • Jargon Buster
    • Case Studies
    • Complaints Procedure
    • Disclosure Policy
    • News
    • Assets for Sale
  • Credo Eco
    • Eco Case Studies
    • Eco News
  • Motorsport
    • Motorsport News
    • Motorsport Gallery
  • Finance Calculator
  • Get Quote
  • Contact Us

To buy or not to buy…

7th October 2019 by Credo Asset Finance

With all the uncertainty of Brexit – the if and when, deal or no deal – it’s not surprising that many people are delaying decisions on major purchases.

But while many questions remain unanswered more than three years after the referendum resulted in the UK choosing to leave the EU, and with the October 31 deadline looming, now might be a good time to buy a new car, especially if you’re considering a European-built model.

There’s still uncertainty about what will happen to interest rates but the Bank of England would like to gradually raise rates closer to their pre-recessionary norms. That is likely to be the case if the UK’s departure from the EU goes smoothly. A no-deal Brexit could see rates fall slightly to stimulate a weakened economy.

And what about prices. Well, if the already weakened pound is worth even less, then prices are set to go up making that big purchase an even bigger one.

There is also a suggestion that car prices would go up after a no-deal Brexit.

A 10.6% tariff on ‘fully-finished’ cars being imported into the UK from the EU would add around £1,500 to the price of an average family hatchback.

The UK currently has a tariff-free relationship with the European block so the extra cost would apply to all cars manufactured in mainland Europe, a very large proportion of all those sold in the UK.

So to buy, or not to buy – that is the question.

Simon Gray Director, said: “We’re here to help you get the best-value finance to suit your needs. Speak to us and we’ll do our best to give you a great deal… and a prompt decision.”

Filed Under: News

Can we help?

Please call one of our friendly and experienced advisers on 01603 381955, make use of our finance calculator or start your quote online now.

Finance Products & Services

  • Asset Refinance
  • Finance Lease
  • Hire Agreement
  • Structured Payments
  • PCP (Personal Contract Purchase)
  • Hire/Lease Purchase
  • Contract Hire
  • Operating Lease
  • VAT Deferrals

Our Products & Services

  • Asset Refinance
  • Finance Lease
  • Hire Agreement
  • Structured Payments
  • PCP (Personal Contract Purchase)
  • Hire/Lease Purchase
  • Contract Hire
  • Operating Lease
  • VAT Deferrals

Get a Quote Today

  • Get a Quick Quote

What We Finance

  • Car Finance
  • Classic Car Finance
  • Construction Asset Finance
  • Haulage & HGV Finance
  • Vans & LCV Finance
  • Prestige Asset Finance
  • Horsebox & Trailer Finance
  • Motorbike Finance
  • Bus & Coach Finance
  • Agricultural Asset Finance
  • Technology Finance
  • Renewable Energy Finance
  • Engineering Finance

About Credo Asset Finance

Registered Office
Credo Capital Finance Ltd
Capital House
Unit I-J Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB

Phone
01603 381955

Email
sales@credoassetfinance.com

Office Hours
Monday—Friday: 9:00AM–5:00PM

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube
  • About Us
  • FAQs
  • Finance Calculator
  • Get Quote
  • Request a Settlement

Copyright © 2021 Credo Asset Finance · All Rights Reserved ·
FCA Reg. No: FRN670710 · Privacy & Cookie Policy · Web Design by Netmatters

Supporters Logos
  • Finance Calculator

  • Email Us

  • Call Us