15.06.2015

Used JCBs interest free in UK

JCB Finance has launched a two year interest free hire-purchase scheme for second hand JCB machines stocked within its UK dealer network.

There is no upper limit for each transaction, as long as a 20 percent deposit is paid and the does not become older than 10 years during the period of the finance agreement. In the UK buyers will still be eligible to take advantage of the £500,000 Annual Investment Allowance (AIA) scheme.

Paul Jennings managing director of JCB Finance said: “Deals need to be transacted before the end of September 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.”

“There has never been a better time to buy with the AIA and interest free finance. The AIA potentially offers the equivalent of a 20-45 percent discount depending on the business’ rate of tax but time is running out because the AIA is scheduled to fall to only £25,000 on the 1st January.”