It’s well documented through the news and media that many companies are holding back on long term investments in the UK due to uncertainty about what will happen when we finally leave the EU. This is understandable if you’re the CEO of a multinational organisation and have to consider international trading legislation and potentially relocating hundreds of offices and thousands of staff out of the UK.
However for the majority of sole traders or those running small businesses, do they really need to worry about making small investments? And how long will they have to wait until any effects of Brexit are understood?
Well the short answer is no-one really knows. One thing we can be sure about though is the fact it's going to take around two years for the process of the UK leaving the EU to actually happen. After that, things are a little less clear. However, there are measures that sole traders, limited companies and private individuals can take to give them some stability going forward.
The very nature of a vehicle contract hire agreement means many of the uncertainties and risks involved with the buying, running and selling of vehicles simply don’t apply.
Whatever events take place in the market, a business or private individual can relax knowing that they have fixed, low monthly rentals, a one-off fixed initial rental and no concerns about the value of the vehicle at the end of contract.
Add to this, the fact that Road Fund Licence is included for the duration of the term, together with the option of a fixed price maintenance package to cover some of the running cost, you’re in a very stable situation.
This gives you the peace of mind knowing that for the next few years you will know exactly what your vehicle funding costs will be. No surprises and the knowledge that MW Vehicle contracts can help with any questions or queries you may have along the way.
MW Vehicle Contracts are proud to be members of the BVRLA, the trade body for the vehicle rental and leasing sector. They too are determined to assist leasing and contract hire brokers such as MW Vehicle Contracts and their customers, by keeping them up to date with developments and ensure the process of Brexit has minimal impact on both current and future trading. Click here to read the press release from BVRLA on the matter.
MW Vehicle Contracts prides itself in going that extra mile for our customers. We employ account managers, not sales people. This way, you can be assured that, not only could you get a great value lease or contract hire deal on a new van, pickup or car, but you will get the help and guidance you need throughout the whole process. Feel free to call 0116 259 9548 or email.