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BMW offer price protection if there's a 'no-deal' Brexit

BMW have released a statement that whilst there is still a need for clarity from Parliament over the final terms of a deal, or indeed if it is to be a no-deal Brexit, they feel it is important to reassure customers over what is likely to happen to prices relating to current and future orders.

Price rises in the event of a no-deal Brexit

In the event of a no-deal Brexit, BMW have confirmed that operating under WTO rules and tariffs will result in a price rise for all BMW and Mini vehicles imported to the UK. How much of rise will result is less clear, but BMW have stated that they will release details as soon as they are known.

Price protection offered

In a clear attempt to 'play fair' over prices, BMW have announced that should the UK leave without a deal, the price of vehicles which are ordered up to, and including, the last working day before Exit Day (which is currently October 31st but may of course be later) will be protected - subject to terms and conditions.

Should I place an order now, or wait?

With the future still uncertain, it has to be a personal (or business) decision as to whether now is the right time to order a new BMW or Mini. However, given that the only way to ensure there is no price rise is to order before Exit Day then it makes sense to at least by prepared to move quickly if at all possible.

Some of the other leading manufacturers have also released statements on how Brexit is likely to affect current and future orders and we are continuing to monitor the latest press releases and communications. With this in mind, if you would like to talk through your options with one of our expert team then why not give us a call.

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Posted on 22nd October 2019 at 10:17 AM

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