Uncertainty does 2 things, either it prevents a decision or any decision is a safe one. That is the theory that many business owners who are thinking about renewing their current vehicle is facing at the moment. The uncertainly of leadership in the country, as we write together with what tax obligations everyone will have in next 5 years, will either put the lease buyer off, or maybe convert a car buyer into a contract hire purchaser in order to keep money in the business.
To add to the uncertainty parties are not talking much about individual industries or markets, just a better Britain a they put it. So will each party see the motor indusrty, something to be invested in, or will we do what we have done since the 60’s, just allow it to be controlled by the economy, hence no real British owned factories anymore.
So the contract hire business like many others we suppose will sit and wait to see how the business owner and consumer will react to what might be a new part and a new chapter in British politics. We can’t remember when political decisions made such a big difference in purchase decisions and the car lease industry will hope that leasing will be norm and buying second.
