How Will Brexit Affect Motorists?

13/06/2019

How Will Brexit Affect Motorists?

Will we, won’t we? When will we? Deal or no deal? These are all questions surrounding the subject of the UK leaving the European Union. But if you’re a driver, the question is more likely to be how Brexit will affect motorists and the cost of driving in the UK. This is a very real concern and with everything still very much up in the air, we simply can’t be certain.

At the moment, the 31st of October is still the deadline date for Brexit. Speculation is rife as to the effects of leaving the EU on all aspects of life but here are a few things that you’ll probably have to consider as a UK car owner and driver.

The price of new vehicles might rise

Following Brexit, the value of Sterling may fall against the Euro and other currencies, meaning that imported cars will be more expensive. In the event of a no-deal Brexit, imported vehicles and car parts will be subject to higher tariffs, bumping up the cost to the end user.

Sourcing a new car could take longer

As the UK gets used to being independent from the EU, border control will be tighter and slower. Even cars that are manufactured in the UK will need parts that are made elsewhere. Services and repairs may be affected too. In an attempt to avoid this, manufacturers and repair shops are stocking up on parts.

You’ll need additional documentation to drive in Europe

Once we are no longer part of the EU, you’ll need an International Driving Permit (IDP) to take to the roads in the EU, just as you would to drive in the USA, Japan and Brazil, for example. The IDP is valid for up to a year (in Ireland, Malta, Spain and Cyprus) or 3 years (in other parts of the EU). It must be used in conjunction with your UK licence and costs just £5.50 from the Post Office.

You may also need to carry a Green Card as proof of your insurance cover. Your insurance provider should be able to supply this for a small admin fee.

You’ll still need to carry your Vehicle Log Book (V5C) when driving in Europe and notify your insurance provider and car lease company (if applicable).

Claiming for accidents abroad may not be straightforward

Following Brexit, it’ll take longer to exit and re-enter the UK due to tighter border controls. In the case of a road accident, UK drivers may have to make a local claim in the country of the incident. 

...and what about fuel prices?

The UK does produce some fuel, but not enough to meet demand, so Brexit or no Brexit, we’ll still rely heavily on imported petroleum products from the Netherlands (EU) and Russia (non-EU). With promises that tariffs won’t be increased on fuel following a no-deal Brexit, prices will depend on the strength of the pound, pretty much as they do currently. 
To keep updated on how will Brexit affect motorists, sign up to the Government’s Brexit announcements.