AXZ plan with business/trust

[niteshiftfromkc]

Not sure if it's been asked before,  but are there any stipulations when using AXZ to purchase a vehicle for a business or trust that we own?  Do we purchase and register under our name, then transfer to business or trust, or can we just register it immediately under the business/trust?  If we need to register under our name,  then do we have to wait the 6 months to do the transfer?

 

I don't have the business set up yet, so just trying to figure out how this works.

 

[j2sys]

Per AZ-Plan rules:

 

Quote

• Titling eligibility is as follows:

• Vehicles must be retained in the customer's possession and registered as provided 
  above for at least six months from the date of purchase or lease. 
• Individuals:
• • Vehicles must be registered or titled to the AZ-Plan eligible individual.
  • Non-eligible members may appear as co-signers or co-makers of the loan or other 
    financing agreement, and may also appear on the Vehicle Title or Registration. 
    However, the primary user of the vehicle must be the AZ-Plan eligible member. 
  • Vehicles leased under the Red Carpet Lease Option will be titled in the name of 
    Ford Credit or as directed by Ford Credit, but must conform to the above 
    registration requirements.
  • Vehicles also may be registered in the name of a customer's trust provided that the 
    customer's name is included in the name of the trust, i.e. "John Smith Trust.”

• Commercial:
• • AZ-Plan vehicles may not be registered or titled in the name of a business.  AZ-Plan 
    vehicles may not be purchased or leased for commercial use.

 

Per X-Plan rules:

 

Quote

• Titling eligibility is as follows:

• • Vehicles must be retained in the customer's possession and registered as provided above for at least six months from the date of purchase or lease. 
  • Individuals:
  • • Vehicles must be registered or titled to the Partner Recognition X-Plan eligible individual.
    • Non-eligible members may appear as co-signers or co-makers of the loan or other financing agreement, and may also appear on the Vehicle Title or Registration. However, the primary user of the vehicle must be the X-Plan eligible member. 
    • Vehicles leased under the Red Carpet Lease will be titled in the name of Ford Credit or as directed by Ford Credit or Lincoln AFS as directed by Lincoln Automotive Financial Services, but must conform to the above registration requirements.
    • Vehicles also may be registered in the name of a customer's trust provided that the
      customer's name is included in the name of the trust, i.e. "John Smith Trust.”

• Commercial:
• • X-Plan vehicles may be registered or titled in the name of a business (excluding
    automotive dealerships and their leasing companies). X-Plan vehicles may be 
    purchased or leased for commercial use. 

 

 

Sources

AZ: https://www.myplan.ford.com/myplanweb/jsp/howitworks/myplan_az_rules.htm

X: https://www.fordpartner.com/partnerweb/jsp/howitworks/fordpartner_rules.htm

Edited February 11, 2022 by j2sys

[niteshiftfromkc]

Guess I missed that in the rules, thanks.