Long Deliveries Affecting Rates

Friday, 27. June 2008

Deliveries are becoming a nightmare, I have today been given a further delay on a VW Golf with the new 1.4 engine that was ordered on the 1st February 2008 with an estimated lead time of 12 weeks. Delivery is currently expected to be end of August to the dealer. Whilst this situation is exceptional, explained by VW as being the result of amazing International demand for the smaller engine that can be tuned to produce 170 BHP, long lead times are not uncommon. However, most funders will rate fix so if you are looking to replace your car in the next 6 months it would be wise to act sooner rather than later, I’m already talking to customers with October replacements. As rates are set to continue to rise as interest rates increase and residual values fall now is the time to take advantage of some of the great rates we have. Audi A3 may be increasing at the end of the month so order now and rate fix.