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FORD have welcomed the 2.5 per cent cut in VAT, which was announced by the Chancellor on Monday.

Roelant de Waard, chairman and managing director of Ford Motor Company Limited, said: "We are pleased that the Government have taken such decisive action, and we hope the tax reduction will encourage more customers to visit their local Ford dealership.

"However, we are slightly disappointed that duty on fuel has been increased at the same time."

The motor giant say the cut will take immediate effect on car orders, provided payment and legal transfer takes place on or after the December 1 official start date.

The new 15 per cent VAT rate, to remain in place until the end of 2009, is applied to all new Fords, including the new Fiesta, and represents a saving of about pounds 200.

Customers can expect to save around pounds 350 on a pounds 15,000 Ford Focus and pounds 500 on a Ford Mondeo, S-MAX or Galaxy.

Existing Ford owners will also save money on Ford's parts and service prices.
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Title Annotation:Features
Publication:Daily Record (Glasgow, Scotland)
Date:Nov 28, 2008
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