Key finding: JCB Finance (via Lloyds Bank) wins on rate when you are buying a new JCB from an authorised dealer and your credit profile qualifies - rates from 4.9% APR HP are difficult to beat. Independent lenders win in every other scenario: used JCBs, auction purchases, mixed-brand fleets, adverse credit, or sole traders. Through Doulton Bridging Finance, we assess both routes and direct you to the one that achieves the best outcome.
JCB Finance wins when…
Buying new from a JCB dealer with strong credit Subsidised rates (from 4.9% APR HP) that independent lenders cannot match. Available only through authorised JCB dealers on new models. Requires Lloyds Bank credit approval.
Independent finance wins when…
Used machines, auctions, mixed fleets, or complex credit JCB Finance won't fund used machines or non-JCB plant. Independent lenders cover the full market - and can beat JCB Finance even on new machines for borrowers who don't meet Lloyds Bank's criteria.
JCB Finance Rates - October 2026
| Product | Finance Type | Rate From | Conditions |
|---|---|---|---|
| New JCB - dealer purchase | Hire Purchase | 4.9% APR | Authorised JCB dealer only. New models only. Strong credit required. |
| New JCB - dealer purchase | Finance Lease | 4.5% APR | As above. Asset remains on lender's balance sheet. |
| Used JCB | - | Not available | JCB Finance does not fund used machines of any age. |
| Non-JCB plant | - | Not available | JCB Finance funds JCB equipment only. |
Independent Plant Finance Rates - October 2026
Rates below are via Doulton Bridging Finance's lender panel, primarily Close Brothers. Rates are indicative and subject to credit assessment.
| Asset / Scenario | Finance Type | Rate From | Lender | Notes |
|---|---|---|---|---|
| New JCB via panel | Hire Purchase | 5.9% APR | Close Brothers | From any source incl. dealer, private, auction. |
| Used JCB (any age) | Hire Purchase | 6.8% APR | Close Brothers | JCB Finance won't fund used. Independent fills this gap. |
| Mixed fleet (JCB + other brands) | Hire Purchase | 5.9% APR | Close Brothers | Caterpillar, Komatsu, Liebherr, Volvo all eligible alongside. |
| JCB from auction | Hire Purchase | 6.8% APR | Close Brothers | Auction purchases accepted. Invoice and title required. |
| New JCB - adverse credit | Hire Purchase | from 8.5% APR | Specialist lender | Where Lloyds Bank declines, specialist lenders may accept. |
Side-by-Side Comparison
| Factor | JCB Finance (Lloyds) | Independent via DBF |
|---|---|---|
| New JCB HP rate | From 4.9% APR | From 5.9% APR |
| New JCB Finance Lease | From 4.5% APR | From 5.4% APR |
| Used JCB | Not available | From 6.8% APR |
| Auction purchases | Not accepted | Accepted |
| Non-JCB plant in same deal | Not available | Available |
| Adverse credit | Declined | Specialist options |
| Sole traders | Limited | Via Aldermore / others |
| Where purchased | JCB dealers only | Dealer, auction, private |
Our Verdict
If you are buying a brand-new JCB from an authorised dealer, have clean credit, and are trading as a limited company, it is worth asking the dealer for a JCB Finance illustration alongside the independent quote we will arrange. JCB Finance's subsidised rate is genuine and frequently the cheapest available for that specific scenario.
In every other situation - used machines, auction purchases, buying alongside Caterpillar or Komatsu, sole traders, or businesses with credit impairment - independent lenders provide better access, and often better rates, than JCB Finance's restrictive criteria allow.
As your broker, we obtain both options where possible and present you with a clear comparison. You make the decision on which to proceed with.