Equipment Finance for Podiatrists

Your clients expect clean modern surroundings - and you to work with quality equipment.

Whether you are starting up or ready to move your current business on, a wide range of equipment will be essential, including:

• Lighting
• Seating
• IT equipment – from handheld devices to a centralised booking and billing system
• Vehicles - a car to help you provide a mobile service

At Rangewell we have found that Asset Finance can provide the most cost-effective solutions for most kinds of equipment. Asset Finance covers a range of funding that provides all kinds of assets - equipment, IT,  vehicles, even straightforward items such as seating - without making impossible demands on your cashflow.

Leasing

Leasing works much like a rental agreement and lets you use the equipment you need without having to buy it outright. You pay the finance company each month for using the asset. If you are using a technical piece of equipment which could go out of date, a leasing agreement can be ideal, as it can be easy to update it when a better model becomes available. Leasing can also include maintenance agreements - meaning that keeping your equipment in perfect condition is the responsibility of the lender.

Hire Purchase

Hire Purchase lets you acquire an asset right away and spread the costs in instalments over an agreed time, often up to 5 years or more. At the end of this term, you own the asset outright. Hire Purchase is often used for items which have a high cost and a relatively long life. A bench you will use for years might be ideal for Hire Purchase.

New or secondhand?

New equipment may be ideal, but refurbished equipment can also be a good investment for the future of your business. We can help you cut costs with pre-owned equipment – then cut them again with Asset Finance.

Can a supplier provide finance?

Most suppliers will provide their own asset finance arrangements. But many will be making a profit from the finance as well as on the equipment itself - meaning you pay more overall.

They may even offer 0% finance to close the sale. It looks as cheap as buying with cash, and it can be tempting to take up a 0% offer. But there is a catch.

With a 0% deal, the dealer pays the funding company the cost of the interest which they would otherwise take from you - but they will recover the cost from you, the customer. You won’t pay interest, but the supplier may add the interest cost into his sale price.

As specialists in funding, we can usually undercut the finance deals offered by equipment suppliers - even when they offer 0% finance arrangements - call us to see how.

Why you need help from Rangewell to ensure you get Asset Finance that’s right for you

There are many different types of Asset Finance and many different providers. Not all providers work in every sector, and terms and rates can vary widely.

At Rangewell, our team includes Asset Finance experts. By searching across the entire market, we can often find Asset Finance plans which actually undercut the 0% finance offers provided by vehicle and equipment dealers.