Interest free finance for used JCBs
By Steve Ducker15 June 2015
JCB Finance has launched a two-year interest free hire purchase scheme for used JCB machines held in stock by the manufacturer’s UK dealer network.
There is no upper limit for how much can be borrowed after a 20% deposit has been paid and the JCB must not become greater than 10 years old during the period of the finance agreement. Normal terms and conditions apply and the scheme is subject to availability through participating JCB dealers.
JCB Finance managing director Paul Jennings said: “Deals need to be transacted before the end of September 2015 and a budget has been set so time is of the essence if you want to enjoy interest free finance on a used JCB.
“This is a landmark event in the history of JCB but providing finance for used equipment is something we’ve been doing for over 45 years and interest free finance will certainly help our customers.”
Mr Jennings also pointed out that by selecting a hire purchase facility, customers could still be eligible to take advantage of the government’s £500000 (€690000) Annual Investment Allowance (AIA) scheme. For every £1 (€1.38) spent on plant and machinery there is the potential to save the same amount in taxable profits.
JCB Finance is regulated and authorised by the Financial Conduct Authority.