To help encourage demand within the Motor Trade during the traditionally quiet first quarter, some manufacturers and car dealers are offering to absorb the VAT rise. When dealers opened for business they and their customers faced an increase in VAT to 20%, the highest rate since the introduction of VAT within the UK.
Already in 2011 Seat and Subaru have announced deals to absorb the cost of the VAT rise, when purchasing new vehicles. Many car dealers will be watching to see if this provides a significant boost to sales and may well follow suit.
Looking for low cost Motor Trade insurance to help reduce your operating costs? Get a Motor Trade insurance quote online and save 40% off your existing Traders Policy.
Already in 2011 Seat and Subaru have announced deals to absorb the cost of the VAT rise, when purchasing new vehicles. Many car dealers will be watching to see if this provides a significant boost to sales and may well follow suit.
Looking for low cost Motor Trade insurance to help reduce your operating costs? Get a Motor Trade insurance quote online and save 40% off your existing Traders Policy.
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