Based on the Business Contract Purchase (BCP) model used in motor finance, JCB FlexiBuy is a funding solution to acquire a JCB and benefit from low instalments due to an optional final payment at the end of the agreement.
At the end you can either:
- RETAIN: pay the optional final payment and own the JCB
- RETURN: Hand back the JCB to JCB Finance, and not pay the final payment or
- RENEW: use the equity (value above the final payment amount) as an advance payment/deposit on a new JCB.
Terms and return conditions apply – see our return conditions.
The typical duration 2 year to 3 years.
Goods may be repossessed if you do not keep up with repayments.
JCB Finance provide JCB FlexiBuy agreements regulated by the Consumer Credit Act (1974) to Sole Traders or Partnerships of 3 or fewer, borrowing up to £25,000.
How to apply
Call us on 0800 150650 and speak to one of our Relationship Managers. Open Monday to Friday 8.30am to 4.45pm, excluding Bank Holidays. See How to apply for finance page for more details.
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Disclaimer
Finance provided and subject to acceptance by JCB Finance Ltd (Registered in England No.972265 Registered Office: The Mill, Rocester, Staffordshire, ST14 5JW) who are registered with the Financial Conduct Authority as a lender. UK business users only. Terms apply. Subject to your consent, JCB Finance Ltd will pay a commission to the UK JCB dealer network which is a flat fee plus basic rate tax and employer National Insurance contributions for each JCB machine on the finance agreement. These payments are not additional fees that you will have to pay and is not added to the amount you pay under your finance agreement. Other products are available see JCB Finance Finance Options Explained
FAQs
Can I make changes once the agreement has started?
Some changes are possible e.g. changing monthly payment date. Fees and/or additional interest charges may apply if you wish to make a change after the agreement has started.
Can I end early?
If you wish to settle your agreement early you can request a quote via your JCB Finance Online account or email settlements@jcb-finance.co.uk or call 0800 150650. If you are a Limited Company a Partnership of 4 or more, or borrowing over £25,000 and are likely to want to settle the agreement early, you may wish to consider a HP Plus, HP Variable or HP Equalised payments facility as you may save on interest payable when settling an agreement early.
What are the fees?
JCB FlexiBuy has an acceptance fee, payable with the first instalment after the agreement has started and an Option To Purchase Fee payable with the final payment if you choose to own the JCB.
What if my circumstances change?
Contact the Customer Services Team on 01889 594101 or customerservices@jcb-finance.co.uk who will be happy to assist you and discuss what options are available. Open Monday to Friday, 8.30am to 4.45pm (excluding Bank Holidays).
What if I want to sell the goods?
You cannot sell (or pass title) to any goods until you are the legal owner. When all payments have been made, including the Option To Purchase Fee stipulated on your agreement you have ownership of the goods.
If you wish to settle your agreement early you can request a quote via your JCB Finance Online account or email settlements@jcb-finance.co.uk or call 0800 150650.
Do I have a lump sum to pay at the end?
The optional final payment is stated on your quotation and documented on your agreement from the outset. You must notify us 30 days before the due date of this payment if you wish to return the goods to JCB Finance and not pay the final payment.
On returning of the goods to JCB Finance or our appointed agents, the condition of the goods will be inspected in accordance with the return conditions and the maximum usage stated on the agreement.
What are the Return Conditions?
Please see our guide to the return conditions and illustrations of acceptable ‘fair wear and tear’.
What if bank base rates change?
The interest on a JCB FlexiBuy agreement is calculated at a fixed rate of interest, agreed and documented at the outset. Therefore, the interest payable on your agreement is not affected by any changes in bank base rate once your agreement has commenced.
What about insurance?
You have a duty under the agreement to insure the goods on a comprehensive basis.
What if I exceed the maximum hourly usage?
You will be charged the excess hourly rate shown which will be payable on the agreement. Utilisation will be reviewed on each anniversary of the agreement, and your will be notified of any excess hours charges applicable and how/when to pay. Unless you choose to return the goods at the end, your final instalment will be reduced accordingly.
If you are likely to exceed the hours stated you should contact us as soon as possible. If your utilisation of the good exceeds the maximum hours shown on the agreement by 10% or more, your instalments maybe increased to cover the increased depreciation of the goods and lower the final instalment.
Can I use the JCB in any application?
Your quotation and agreement will be based on an identified application category and excluded applications in which the goods cannot be used will be detailed in your agreement terms and conditions and the corresponding Return Conditions Guidance.
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