JCB partnership with BNP Paribas Lease Group offers finance solutions

JCB has formed a new joint venture partnership with French finance giant BNP Paribas Lease Group - offering finance solutions in European markets.  

The new joint venture will offer a full range of leasing and other retail finance programmes for new and used JCBs in Europe and will also provide facilities for dealer inventory and demonstration machines.

BNP will own 50.1% of the JV which will initially offer retail financing solutions in France, Spain, Italy and Germany with extended services and territorial coverage planned in due course.

It will not operate in mainland UK, where JCB Finance has an existing arrangement with Lombard North Central / Royal Bank of Scotland.