JCB Machinery Finance

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    JCB Machinery Finance Options for UK Farming & Agricultural Businesses

    Gable Asset Finance specialises in arranging practical, tailored finance for JCB equipment across the UK. We spend time understanding your business, your seasonal cashflow and your longer-term aims so the finance package we find genuinely suits your circumstances. Our small team — many with agricultural and equestrian backgrounds — builds relationships rather than just processing enquiries, meaning you’ll always speak to the same advisers who understand your sector.

    About JCB and why UK businesses buy JCB machines

    JCB is one of the world’s most widely recognised construction and agricultural equipment manufacturers. In the UK, JCB machines are used across sectors because they combine robust engineering, broad dealer support and versatile machine families that can be adapted with attachments for many jobs. The primary users of JCB equipment in the UK include:

    • Agriculture: JCB’s agricultural range — notably the Fastrac tractors and Loadall telehandlers — are widely used on farms for fieldwork, material handling, feeding and yard operations.
    • Construction: excavators, telehandlers, site dumpers, and skid steers are staples on construction sites for digging, lifting, moving and materials handling.
    • Waste & Recycling: site dumpers, loaders and telehandlers are employed at skip yards, recycling centres and waste handling facilities.
    • Government & Municipalities: councils and public sector bodies use JCB equipment for roadworks, verge maintenance and infrastructure projects.
    • Mining & Quarrying: in more heavy-duty roles for earthmoving and site clearance.
    • Industry & Power Generation: JCB also supplies industrial attachments and generators for manufacturing, events and emergency power.

    JCB’s reputation for ruggedness and widespread dealer support makes it a predictable asset for lenders. Machines retain good residuals, there are established aftermarket channels and many businesses prefer JCB because parts and service networks minimise downtime — something lenders factor into valuations.

    Key industries and examples of JCB use

    Below are the principal industries that rely on JCB equipment and typical examples of how they use machines day-to-day.

    Agriculture

    Farmers use JCB Loadall telehandlers for bale handling, feeding, muck handling and loading trailers. Fastrac tractors combine road speed with field capability for contractors and large farms. Telehandlers fitted with forks, grabs or buckets are multi-tasking tools that reduce the need for multiple machines.

    Construction

    JCB excavators, skid steers and telehandlers are core items for site preparation, groundworks, materials handling and utilities installation. Plant hire firms often purchase large fleets of JCB machines due to their reliability and demand by contractors.

    Waste & Recycling

    Durable JCB machines are used to move waste, load shredders and feed materials. Telehandlers and wheeled loaders are common in recycling facilities.

    Government & Municipalities

    JCB machines appear in highways maintenance, verge clearing and public realm projects. Compact excavators and mini skid steers are valuable for urban environments.

    Mining & Quarry

    In more heavy-duty operations, JCB diggers and heavy loaders support earthmoving tasks and haulage on-site.

    Industry & Events

    Generators, compact telehandlers and material handling equipment support industrial sites and large outdoor events where temporary power and handling equipment are required.

    Why this matters for finance: JCB’s broad market presence and recognised resale value make it a good candidate for asset finance — lenders can value machines confidently and there is wide secondary market demand.

    Common JCB machine types financed for UK farms and businesses

    JCB has a wide product range. Examples of the models and machine types commonly financed in the agricultural and rural market include:

    • Loadall telehandlers — versatile material handling across farms, yards and construction sites.
    • Fastrac tractors — high-speed tractors used by contractors and larger farms.
    • Compact and midi-excavators — for small-scale groundworks and drainage.
    • Skid steers and compact loaders — nimble for confined spaces and yardwork.
    • Wheeled loaders and site dumpers — heavy lifting and material movement.
    • Generators and power solutions — for sites and emergency power.
    • Attachments — buckets, forks, bale grabs, hydraulic breakers and specialist kit that change the machine’s role.

    We finance both new and used JCB equipment. Used machines are often excellent value, and dealers with service history and warranties secure better finance rates than unknown units bought at auction without provenance.

    Our approach — getting to know your business

    At Gable Asset Finance we take time to understand your business and your aims. That’s deliberate — the right finance is not only about the ‘lowest headline rate’ but about how a package will perform for your operation over its life. We:

    • Speak directly with you (same people each time) so we understand seasonality, peak months and operational quirks;
    • Model repayments against your cashflow so seasonal schedules are workable;
    • Choose lenders who appreciate the sector — specialist plant funders, manufacturer finance and agricultural lenders;
    • Negotiate terms beyond the headline rate — maintenance inclusion, seasonal profiles, early settlement flexibility and VAT timing.

    Finance solutions we arrange for JCB equipment

    Below we detail the core financial solutions available to acquire JCB machinery, and the situations where each product typically makes sense.

    Hire Purchase (HP)

    HP lets you buy the machine over an agreed term via fixed monthly payments. Once the final payment (or option-to-purchase payment) is made, ownership transfers to you. This is a popular choice for businesses intending long-term ownership.

    Best when: you want to own the machine and benefit from capital allowances.

    Finance Lease

    With a finance lease the funder retains ownership while you pay rentals for a set period. Rentals can be tax-deductible, and VAT is typically charged on rental payments, helping cashflow.

    Best when: you want improved cashflow and possible tax advantages but don’t require ownership immediately.

    Contract Hire & Operating Lease

    These are rental-style agreements where you return the machine at the end of the term. Maintenance and servicing can be bundled into the monthly cost — ideal for fleet users and contractors wanting regular upgrades.

    Best when: you prefer predictable monthly costs and no residual risk.

    Loans & Chattel Mortgages

    Commercial loans or chattel mortgages give you flexible ownership options while taking a charge over the asset. Terms can be bespoke to multiple-equipment purchases.

    Best when: you need one loan to cover several items or to combine with property security.

    Refinance & Sale-and-Leaseback

    If you own JCB assets outright, refinancing or sale-and-leaseback can release capital while letting you continue to use the equipment — useful for expansion or liquidity needs.

    Best when: you want to unlock cash without disrupting operations.

    Seasonal Repayments & Blended Packages

    We regularly structure seasonal repayment schedules and blended finance (e.g. mortgage top-up + HP + overdraft) so repayments match when you earn money — essential in agriculture.

    Best when: your revenue is highly seasonal and you need a repayment profile that reflects that seasonality.

    How to choose the right finance product for JCB machinery

    Choosing the correct product depends on operational needs, tax appetite, cashflow and replacement strategy. Use this quick guide:

    • Long-term ownership & capital allowances: Hire Purchase or chattel mortgage.
    • Tax-efficient rental and cashflow: Finance lease or operating lease (subject to your accountant’s advice).
    • Regular upgrades and reduced residual risk: Contract hire/operating lease with maintenance included.
    • Short-term liquidity or reinvestment: Refinance or sale-and-leaseback.
    • Multiple assets or mixed needs: A blended structure combining mortgage, HP and short-term overdraft often works best.

    Documentation lenders typically require

    Being organised speeds approvals and improves terms. Typical lender requirements include:

    • Recent  accounts
    • Bank statements
    • Dealer quotation or invoice showing machine specification and attachments;
    • Proof of identity and address for directors/owners; and credit checks;
    • Evidence of maintenance plans or service history (for used machines);
    • Insurance confirmation — lenders will usually require comprehensive cover and agreed value polices;
    • Details of any existing charges or mortgages against assets.

    Tax, VAT and accounting — practical points for the UK

    Please treat this as general guidance — consult your accountant for personalised advice.

    • VAT timing: Hire Purchase typically requires VAT on the full purchase price up-front (though some dealer/funder arrangements can vary). Finance leases and operating leases usually apply VAT to rental payments which can help cashflow.
    • Capital allowances & AIA: If you buy the machine, capital allowances or the Annual Investment Allowance (AIA) may reduce taxable profits in the purchase year.
    • Interest deductibility: Interest on business loans and most finance costs are generally tax-deductible for trading businesses.
    • Accounting treatment: HP and finance leases usually create balance-sheet assets and liabilities. Operating leases may be off-balance-sheet depending on accounting standards; check current IFRS/UK GAAP rules with your adviser.

    Case studies — real-world style examples

    Case Study 1 — Family farm buying a Loadall telehandler (new)

    Background: A medium-sized dairy farm needed a new JCB Loadall for feeding, bale handling and general yard tasks. Cash reserves were limited in spring before milk payments arrived.

    Solution: Gable Asset Finance arranged a 5-year Hire Purchase with a seasonal repayment profile (lower in spring, higher in summer/autumn). VAT timing was structured with the dealer to reduce an immediate cashflow hit.

    Outcome: The farm kept working capital for feed and vet costs, the machine improved yard efficiency and the farm owned the telehandler at term end.

    Case Study 2 — Contractor using contract hire for an excavator fleet

    Background: A civil engineering contractor wanted to maintain a modern fleet for tendering without residual risk.

    Solution: A mix of contract hire agreements with maintenance and tyre plans included, staggered renewal cycles and predictable monthly costs.

    Outcome: Predictable P&L treatment, no resale risk and an ability to present modern kit to clients in tenders.

    Case Study 3 — Farm refinancing older JCB assets to fund diversification

    Background: A mixed farm had several older JCBs and owned buildings. They needed funds to convert a barn into a farm shop and cafe.

    Solution: A blended package: sale-and-leaseback on two older machines (released capital), and a mortgage top-up on the property for the conversion work.

    Outcome: The farm launched the diversification project, increased revenue streams and kept use of the machines under lease-back arrangements.

    Tips to get the best JCB finance deal

    1. Prepare realistic cashflow forecasts: lenders want to see how repayments will be met across seasons.
    2. Gather full machine specifications: include attachments and service history for used machines — valuations are easier when the spec is clear.
    3. Ask for seasonal repayment profiles: many lenders will structure these if your forecasts are credible.
    4. Bundle maintenance: including servicing in the package reduces the operational risk and can lower the effective total cost.
    5. Compare dealer finance and independent funders: manufacturer offers can be attractive, but independent funders may provide more flexible covenants.
    6. Use a specialist broker: we can access a wider panel and structure blended solutions to match complex needs.

    Common questions (FAQs)

    Can I finance attachments and specialist kit with the machine?
    Yes — most funders will finance attachments if they are on the dealer invoice. Ensure all attachments you need are specified so the funder can include them.
    Are used JCB machines more expensive to finance?
    Used machines can attract slightly higher rates or shorter terms because of residual value uncertainty. However, dealer-origin used machines with full service history often secure very competitive rates.
    What about insurance and agreed value?
    Lenders usually require comprehensive insurance on financed equipment and often insist on agreed value cover for leased assets so a total loss will settle the finance.
    How long does the finance process take?
    Simple HP or lease agreements via dealer finance can be agreed in a few days. Complex transactions (blended finance, refinance, mortgage top-ups) typically take several weeks because of valuations and solicitor work.
    Is JCB finance available for plant hire companies?
    Yes — plant hire companies commonly use HP, finance leases and contract hire. Lenders value hire businesses with good utilisation records and maintenance regimes.

    How Gable Asset Finance supports you

    We’re a small, motivated team with a sector-first culture. Our services include:

    • Initial assessment and recommendation of the best products for your goals;
    • Preparation of lender-ready packs — business plan, forecasts and supporting documents;
    • Access to a panel of specialist plant and agricultural lenders as well as manufacturer/dealer finance;
    • Negotiation of terms — seasonal profiles, maintenance inclusion and early settlement flexibility;
    • Project management through valuation, solicitor and lender processes to speed completion.

    Talk to us about JCB finance for your business

    Whether you plan to buy new or used JCB kit, refinance existing machinery, or structure a blended package, we’ll work with you directly to find the most appropriate lenders and terms. Contact Gable Asset Finance for a confidential review and a lender-ready plan — we’ll explain what documents to prepare and what you can expect in terms of rates and timescales.

    We act as a broker and introducer; final lending decisions rest with the funders and are subject to credit assessment and due diligence.

    Practical checklist before you apply

    • Gather last set of financcial accounts or personal accounts for new entrants and recent bank statements;
    • Obtain dealer quotations that itemise machine and any attachments;
    • Collect service history for used machines and maintenance agreements where available;
    • Talk to your accountant about VAT and capital allowance strategies before choosing the product.

    Final thoughts

    JCB machines are versatile, in demand and typically hold value reasonably well in the secondary market — all factors lenders consider positively. But the right finance is bespoke: it must match your cashflow, tax position and long-term plan. Our small team’s agricultural and equestrian backgrounds mean we understand how farms and rural businesses operate, and we’ll navigate lender panels on your behalf to structure finance that helps you operate efficiently and grow sustainably.