Rising car prices may affect vehicle leasing deals
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Fleet bosses keen to keep vehicle leasing expenses to a minimum may agree something needs to be done to prevent the cost of autos rising any further.
What Car? pointed out new models are currently priced 9.5 per cent higher than they were at the beginning of the year, while values for used vehicles have increased by 30 per cent over the space of 12 months.
The magazine warned the planned rise in VAT may make it even more expensive for auto buyers in the coming months.
In turn, this could result in fleet operators having to pay more for vehicle leasing deals.
What Car? suggested offering extra funding for the scrappage initiative is one way the government could provide the motor industry with a boost and help it keep costs down.
Editor Steve Fowler said: "Extending the scheme is likely to cost the government next to nothing, will help to boost the UK economy and speed our exit from recession."
In other news, What Car? recently said by changing the way they drive, people could make significant savings at the pump.
