A new type of Operating Lease with all its associated features and benefits but with one big difference – any profit over and above the investment value (similar to a residual value) is returned to you when the plant is sold. Any loss made on disposal is met by JCB Finance. This is a win-win situation for your business. Restricted to JCB models and other selected plant, return conditions apply. Watch our short video to learn more of the features and benefits of JCB FlexiLease
JCB FlexiLease has all the features and benefits of an ordinary Operating Lease - fixed low cost lease instalments reflecting a predicted future investment value which remains unpaid by the customer. However, JCB FlexiLease overcomes one of the traditional customer objections to leasing, which is - who retains any profit over and above the investment value when the plant is sold? Normally this would be the leasing company - which can lead to concerns that the investment value has been set too low in order to reduce the risk and create a greater profit opportunity for the leasing company.
JCB FlexiLease overcomes this profit argument because any profit on sale, over and above the original investment value, will be kept by you. In addition you will be told what the investment value is at the outset. Any loss made on disposal, maybe because the investment value has been set too high, is met by JCB Finance. This is a win-win situation for your business - retaining all of the reward but taking none of the risk.
The only thing you have to do is to act as the agent of JCB Finance in selling the machine within 30 days of the end of the lease term. The machine must always be offered first to the original supplying dealer, but after that you are free to seek alternative prices from other potential buyers. Now that this major impediment has been removed JCB FlexiLease could prove to be a more attractive alternative to Hire Purchase (HP). In fact it shares some of the benefits of traditional HP but without the risk.