Car buyers are very likely to look for even more flexibility within their car finance agreements in the face of a hard Brexit. The car finance sector is likely to be affected deeply by Britain’s decision of ceasing to be a part of the EU.

Car buyers’ spending plans have been influenced by the risk of recession. Failing consumer confidence is now evident.

Moreover, several economic experts have the opinion that in the short or medium term, no positive transformations for the situation are visible. A hard Brexit is sure to render many effects over the British economy. Even the best among them would be the kind that Britain would have to be wary of.

The effects would not only be evident over car financing but instead the overall aspect of the used-car market. The tightening of the underwriting rules is likely if we go by the historical precedents. But … Continue reading >>>