Brexit Statement

Brexit Statement
29 Oct 2020
By All Car Leasing
The UK officially left the EU on 31 January 2020. However, through the Withdrawal Agreement, EU law and treaties continue to apply in the UK until 31 December 2020. If the UK and EU do not agree on a future trading arrangement, it is likely we will move to WTO (World Trade Organisation) and UKGT (UK Global Tariff) arrangements resulting in import tariffs on all new vehicles and vehicle parts entering the UK after 31 December 2020.

As a consequence of these tariffs being introduced the manufacturer of the vehicle ordered may wish to pass on the increased cost of the vehicle, to the purchaser of the vehicle (leasing company), who in turn will pass this cost on to you the customer. Eurocar Group Ltd will stay close to our manufacturers to understand how they will be managing the introduction of these tariffs and how they may choose to amend the prices of their vehicles.

If you are wanting to place a new order or you have an existing order, then the introduction of tariffs could then affect their quoted monthly rentals, assuming the vehicle will arrive after the 31st December 2020

This will not affect vehicles that are in dealer stock prior to this date.

If the manufacturer of the vehicle decides to pass on the tariffs in the form of higher vehicle prices, then this will affect the prices quoted to our customers. If this is the case we will need to activate the below:

• To provide new quotes, gain agreement from you, the customer, and re-propose the deal based on the new price

Please note that Eurocar Group Ltd or our trading names and will not accept any liability for price increases or any costs associated with cancelled vehicle orders due to the introduction of import tariffs.

It is our promise to our customers, that we will:

• Gain regular updates from the manufacturer and/or our leasing partners regarding the price of the vehicle

• Ensure that you, our customers are aware of the potential impact of tariffs as soon as we are made aware

• Ensure the price of the vehicle is understood and is correct before our customers sign any agreement.

If you have any further questions regarding the above information, please contact us directly at [email protected] or contact your Account Manager directly.

Thank you

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