Equipment Finance for Ambulances
- Unsecured lending from from 6%
- Up to 5 years to repay
- Secured lending from 2% above base rate
- Long repayment terms
- Buy and spread the cost
- 1 to 60 months
- Lease with no capital expenditure
- Low monthly rates from 6%
Range of Deals
- Hire Purchase - lease
- Contract Hire
- Avoid the cost of depreciation
- Funds for single vehicle - or entire fleet
Your ambulance business depends on having ambulances ready and equipped for patient needs.
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 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 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 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.
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.
Download Rangewell’s free and detailed guide to Finance for the Medical Profession
What types of finance are there - which do you need?
Why not all providers are equal - finding the one that’s right for you
How we can provide an additional income stream
The downsides to finance - and how to avoid them
How to arrange finance - what paperwork do you need?
Key terms explained
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for your particular needs is essential to avoid excessive costs.
Your key equipment could be at riskIf you are unable to keep up repayments on a Hire Purchase or lease agreement, the equipment your business depends on could be could be at risk.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once set up. This could present a problem if your business changes direction or if technology moves on rapidly.
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