New ambulances, along with specialist equipment like bariatric ambulances and lifts, could mean extra work, contracts and profits.

A basic transport ambulance might cost £40,000. New emergency ambulances might cost anything up to £200,000 with a full complement of equipment, meaning your ambulance business requires substantial funding.

At Rangewell, we can help you find the funding you need if you are ready to extend your fleet or need other, specialised equipment.

Asset Finance for ambulances and equipment

Asset Finance covers a range of funding solutions that spread the cost of equipment and vehicles. The funding is secured on the equipment itself, reducing lenders risk,s and consequently the rates they need to charge. Both new and used equipment and vehicles can be funded with Asset Finance solutions.

Hire Purchase

Hire Purchase lets you acquire equipment straight away, with a single deposit payment. It then lets you spread the costs in regular monthly instalments over up to 5 years. At the end of this term, you own the asset outright, making it ideal for items which have a high cost and a relatively long life. If you service your own ambulances, your garage equipment might be suitable for hire purchase.

Leasing

Leasing works much like a rental agreement. It lets you use a vehicle or other equipment without having to buy it. For vehicles like an ambulance which will have heavy use,  leasing can be ideal because it make it easy to update when a better model becomes available. Leasing can also include maintenance agreements - helping you avoid any unexpected costs.

Contract Hire

Contract Hire is a special type of leasing arrangement which can cut the cost of a vehicle that you will only use for a fixed period. It could be ideal if you wish to use a new ambulance and replace it after three years, as the resale value of the vehicle will be deducted from the amount you will need to finance.

Can a vehicle supplier offer finance?

Vehicle dealers will provide their own Asset Finance arrangements, but some will be making more profit from the finance than they do on the vehicles themselves.

We can often undercut the finance deals offered by equipment suppliers - even if they offer 0% finance arrangements - call us to see how.

Why you need Rangewell to arrange Asset Finance for your equipment and vehicles

At Rangewell, our team includes Asset Finance experts who understand the ambulance business. They can help you find the right kind of funding arrangement, the lenders who work in your sector, and the most competitive deals.

Call us now to get them working for you.