Enjoy cash-buyer negotiating power with your suppliers and discreetly enter into a Hire Purchase agreement with JCB Finance to be reimbursed with the cash used on capital equipment and vehicles.
A Letter of Agency is helpful where you do not want to reveal to your supplier that you use an external source of finance. The purchase cost, less a deposit, is borrowed and usually paid back over a pre-agreed period in the form of a hire purchase (HP) agreement, including Fixed Rate Hire Purchase, HP Plus, HP Variable and HP Equalised Payments.
The availability and value of tax relief will depend on your individual circumstances and the funding option taken.
Goods may be repossessed if you do not keep up with repayments.
Your chosen funding facility will have its own terms, conditions and fees applicable.
Letter of Agency is not available on regulated credit agreements (i.e. if you are a sole trader or partnership with three or less borrowing up to £25,000).
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