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The business case for a Ford Mustang

Ford Mustang Convertible
Ford Mustang hybrid will give 5-litre V8 version even more torque

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3 May 2016

IF there was one car launch I wasn’t going to miss it was this: to drive the new Ford Mustang.

That iconic Pony car, immortalised in the film Bullitt, is now over here in right-hand drive form. You can choose a 2.3-litre EcoBoost or a full fat 5.0-litre V8. I side-stepped the skinny latte version to go for the full strength.

What I really like about this car is that it doesn’t feel retro kitsch – it feels like the real deal. And sounds like it too. That V8 is addictive (especially with the roof down in the convertible version). And it is wickedly fast. Plant your foot and you’ll move towards the horizon at warp factor speed (4.8sec to 62mph).

What is also astonishing is the value this car has: a 5.0-litre V8 engine delivering 421PS and 530Nm of torque from just £34,995. That is a lot of car for not a lot of money.

So as a business owner, or maybe a director of an SME firm, you’re wondering: how can I make the business case for a Ford Mustang?

Hmmm, probably not best to put it though the company, because the CO2 figures are, well, a little high. You’ll be paying a minimum of £205 a month in company car tax. A rather better way would be to finance it privately. Say on a lease purchase.

A lease purchase is ideal for more expensive or exotic cars. You agree a residual value for the car which will be the final balloon payment, then pay a deposit followed by monthly rentals. The monthly rentals are lower because you are only financing the amount between the purchase price and the residual value.

And the Mustang holds its value well – the Mustang Convertible is best in sector, retaining 57% according to valuation experts CAP.

You can then claim tax-free AMAPs for your business mileage, which are 45p per mile for the first 10,000 miles to offset your lease purchase rental costs.

So there you are: the business case for the Ford Mustang. What are you waiting for?

 

Ford boss offers free rides in his Mustang

Andy Barratt and Ford Mustang
Andy Barratt and Ford Mustang

Great chutzpah from Andy Barratt, Ford’s MD. He nabbed the first Ford Mustang in the UK – well, you would, wouldn’t you?

But then proceeded to make great PR from the car. At fuel stations the car would draw admiring glances – so Andy would offer them a drive. There and then.

The only thing he would do was to sit in their car with their keys until they returned. Which, apparently, they did! Great enterprise.

 

 

 

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