AM Online

Latest trade is in foreign money

Franchised dealers want to buy foreign currency from online traders such as now the Government is encouraging them to import from mainland Europe.

Company founder Charles McLeod said: “Twenty or 30 franchised dealers e-mail us every week wanting to compete with unofficial importers by purchasing UK-spec cars in European markets.

“They are looking for the best rates and the lowest charges. Dealers are opening accounts so they can move quickly to buy imports when the new legislation is enacted.” is used by unofficial importers and many personal importers to 'buy forward'. This allows purchasers to fix six months in advance the exchange rate they will be paying on.

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