Funding eco-friendly vehicles for vetsPublished on 20th October 2016 - Last update on 26th June 2019
For many veterinarians being able to respond to animal emergencies is an essential part of the job. As soon as an animal owner makes an urgent call to your surgery they expect you to arrive promptly at the scene armed with all the necessary tools for on the spot treatment. For any vet, responding to emergencies can be tricky and stressful, but managing your fuel allowance needn’t be a concern.
With the growing number of fuel efficient vehicles being introduced into the UK market, saving money for your business has never been easier. In fact a study carried out by AA had 50 of their employees using eco-vehicles for a select period of time. The findings revealed that their weekly fuels bills were reduced by 10% – 33%. So no matter whether you frequently use business vehicles or only on select occasions, eco-friendly vehicles could save you money in the long run.
However, buying a new vehicle or fleet for your business can be very expensive. You may not have the funds you need or perhaps parting with such a large chunk of your capital could be damaging to your business’ long term growth. Such concerns could cause you to reconsider your plans or cancel them entirely, but why should you? With Rangewell, we can help source the perfect finance option for your surgery including vehicle finance.
This finance package is perfect for allowing you to acquire all the vehicles you need. So whether you need eco-friendly cars, vans, animal transports and so on, Rangewell can help. Our expertise and experience in the veterinary sector can allow you to secure funding options such as: loans, leases and hire purchase solutions.
- Loans: With a loan you can borrow anything from £5000 to £1 million. Unsecured loans let you borrow money for your business without putting assets such as your house at risk. To reassure the lender, a guarantee that you’ll pay the money back in due course will be required. Meanwhile, a secured loan may allow you to borrow more money as it boosts lender confidence. The reason for this is that assets can be sold to recover costs should a business fail to pay back the loan.
- Leases: A great option for those who don’t want to be encumbered with the burden of ownership. Instead, you’ll borrow equipment for a period of time and will be required to make monthly payments, plus interest. Leasing terms can last from 1 – 3 years, subject to your agreement. Monthly payments are manageable, allowing you to pay from your business’ revenue stream rather than your capital.
- Hire Purchase: If you are seeking to eventually own the vehicle or fleet but can’t afford to make full payment straight away, hire purchase is for you. You’ll be required to pay an initial deposit in the region of 10% of the asset’s value. From there on, you’ll be making monthly payments, plus interest. Once these payments have been completed ownership passes onto you.
So don’t put the brakes on your business, make your growth inexorable with Rangewell. Our values are simple – we’re on your side. We support a wide range of SME businesses of every shape and size, for finding every type of finance. Follow us on Twitter and LinkedIn for business tips and tricks, and feel free to call us on 0203 637 2340 if you’d like to chat about what we can do for you.
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