JCB FINANCE BACKS SUSTAINABLE PLANT HIRE

ASSETS FUNDED

New electric JCB 525-60E

Based in Wellingborough, Northamptonshire, RJC Plant Hire offers plant hire to rail network contractors, construction companies (from major ones to small-medium builders), farmers, landscapers and domestic customers. With an impressive hire fleet of JCB telehandlers, JCB excavators, JCB rollers and JCB dumpers, the company has a range of welfare units, storage and fuel storage solutions. RJC Plant Hire’s managing director, Peter Mullett, is a conscientious business owner and keen to embrace the move to lower emissions. Having hybrid solar welfare units in his fleet already, Peter was one of the first UK plant hirers to take delivery of the new electric JCB 525-60E telehandler. The JCB 525-60E compact telehandler is part of JCB’s 100% electric E-TECH range; with zero emissions and almost silent operation, the telehandler doesn’t compromise on performance.

Publish date: 13/01/2022 11:26:17

We never have any issues with JCB machines – they're second to none. I trust JCB. The road to reducing emissions is a journey, and I chose to ride it with JCB.

Peter Mullet, Managing Director

The Challenge...

RJC Plant Hire was one of many firms whose business was impacted by Covid-19 as construction sites across the country came to a standstill.

It was like nothing we’d seen before; in economic downturns, there are signs of trouble ahead. With Covid, it came out of the blue; businesses weren’t prepared, and the lockdowns meant cash flow was hit all throughout the supply chain. The tap on the shoulder from JCB Finance, offering to help and relieve the pressure, was terrific. No hassle and immediate relief. I just logged into my account and clicked the button. Couldn’t fault it.

RJC PLANT HIRE

Peter Mullet, Managing Director

We have a strong relationship with the people at JCB Finance; our local relationship manager, comes to visit me and I get great support from the team at the office too. There’s a real sense of support and backing. I know they look after my interests and understand my business. We trust JCB Finance, and we’re in it together – for the long term.

The JCB Finance HP Plus facility has equal fixed monthly repayments of capital and estimated interest; the interest rate is agreed and fixed at the time of documentation, allowing customers to hedge against inflation and interest rate rises.
The Solution...

Customers can pay off lump sums or even make an early settlement within the agreement term. Extra savings may be gained because the interest is calculated daily on the remaining balance, and any lump sums paid during the agreement will consequently shorten the repayment period. Like all HP facilities, purchases made on HP Plus may also be eligible for tax savings, such as the Annual Investment Allowance, just as if the customer had paid cash.