Ford Business Hire Purchase | Kerry Motor Works

FORD BUSINESS HIRE PURCHASE

Ford Business Hire Purchase is a product for business car and commercial vehicle customers interested in ownership.

How It Works

Your fixed monthly payment will depend on the following:

  • Agreement length – choose from 24 to 61 months
  • The amount of the deposit you wish to pay
  • The Ford vehicle you want to drive

Your business owns the car at the end of the agreement assuming all payments plus the purchase fee have been made.

At The End

Your business owns the car at the end of the agreement assuming all payments plus the purchase fee have been made.

Features & Benefits

  • Fixed monthly payments to suit your business needs
  • A choice of repayment periods and deposit levels
  • At the end of the agreement, assuming all payments (including the Purchase Fee) have been made, your business owns the vehicle
  • As owners of the vehicle, your business retains any profit from the sale of the vehicle
  • For business and taxation purposes, vehicles acquired under a Hire Purchase arrangement are treated as fixed assets of your company with the amount being treated as a liability.
  • The interest costs may also be written off over the term of the agreement. The VAT amount on the vehicle can be claimed back from Revenue in one upfront payment at the beginning of the agreement (subject to vehicle qualification for VAT rebate).