JCB FlexiLease is attractive funding option when owning the goods at the end of the agreement isn’t important and you’d rather benefit from low rentals due to an amount you don’t have to pay, known on JCB FlexiLease as an ‘Investment Value’.
JCB FlexiLease was purposefully designed for JCBs to offer customers an opportunity to earn from any profits made on disposal of the asset – a benefit that isn’t available on standard Operating Leases.
Acting as an agent for JCB Finance at the end of a JCB FlexiLease, you can find a buyer for the machine, giving the supplying dealer the first option and any profit earned over the Investment Value as stated on your agreement is yours.
You are protected against any loss made on disposal as you can simply return the machine to JCB Finance if you wish. Return conditions apply.
JCB FlexiLease agreements typically enjoy a low initial capital outlay and the VAT is applied to each rental when they fall due. Rentals are paid on a profile and duration to match the needs of your business and intended use of the asset. If you are a VAT registered business (special rules apply), you may be able to recover some or all the VAT applied to the lease rentals. The availability and value of tax relief will depend on your individual circumstances; you can, without obligation, request a copy of the contract terms for details of how the facility you are considering would be treated for your business, so that you can discuss this with your accountant or tax advisor.
Goods may be repossessed if you do not keep up with rental payments.
JCB Finance provide JCB FlexiLease agreements regulated by the Consumer Credit Act (1974) to Sole Traders or Partnerships of 3 or fewer, where the total amount payable is under £25,000.
Click to watch our video about JCB FlexiLease
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 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?
Leases are for a period of hire as stated on your agreement, but you can end the agreement early giving 7 days written notice and paying all remaining rentals and costs due in accordance with the terms and conditions of the agreement.
You can request a calculation at any point during the agreement which will show you how much you would need to pay if you wanted to end the agreement early. If you wish to end your agreement early you can request a quote via your JCB Finance Online account or email leasing@jcb-finance.co.uk or call 01889 594147.
What are the fees?
JCB FlexiLease has an acceptance fee, payable with the first rental collected after the agreement has started. The fee is documented from the outset.
You may face additional charges if the asset(s) does not meet the return conditions stipulated.
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 don’t have ownership of goods during or at the end of a JCB FlexiLease, so you are not entitled to sell. However, unique to a JCB FlexiLease, at the end of the agreement if you wish, you can be appointed as our agent to find a buyer, offering the dealer the opportunity first. With a sale price of no less that the Investment Value you can from any additional sale proceeds achieved by way of sale commission.
If ownership is important to you refer to the Hire Purchase based products available from JCB Finance.
What happens at the end?
Part of the beauty of JCB FlexiLease is your choice of options at the end:
OPTION ONE
Find an approved buyer for the goods, giving the supplying dealer first option;
and any profit on disposal achieved above that investment value is yours
Or
reinvest any profits earned and replace with an upgrade possibly taking another JCB FlexiLease; with low capital outlay retaining some of the profits earned, or using it all and reduce the rentals on the new one. You’re not committed to JCB FlexiLease as the funding method for your replacement so likewise any profit earned can be used as a deposit or advance rentals on the other funding options available.
OPTION TWO
Simply return the goods to JCB Finance, subject to the return conditions stated on the agreement from the outset. You are protected against any loss made on disposal but do not earn from any of the sale proceeds.
What does return conditions apply mean?
Before the goods are returned to JCB Finance you must take steps to ensure that everything is in good working order and condition (fair wear and tear accepted) with no accident, structural or mechanical damage. The intended use/environment of the machine is reflected in the documentation including the application and usage (hours/mileage) – exceeding this usage may result in a charge as stated on your agreement. Full details are outlined in the agreement terms and conditions so the requirements are fully disclosed from the outset.
What about insurance?
You have a duty under the agreement to insure the goods on a comprehensive basis.
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