Veterinary Equipment Finance
The best and most flexible finance solutions. Buy everything from state of the art new assets to refurbished cost effective assets. Working with Rangewell gives you the flexibility of finance you need in the fast changing world of Veterinary technology
Every type of finance....for every type of asset....for every type of vet
- HP and leasing options from 6 months up to 60 months
- We can always undercut "0% finance" deals from suppliers
- Lease for entire life of asset
- Work with the latest equipment
- "Soft Asset" finance also available for fixtures and fittings
- Suitable for all types of veterinary equipment - up to 10 years old
- Buy from suppliers, dealers or from private
- No up-front capital requirement
- Reduce costs
- Low rates – funding secured on assets you already own
- Refinance assets up to 10 years old
- Adverse Credit – no problem
- Avoid depreciation costs
Animal medicine technology has seen some astonishing advances. MRIs, ultrasounds and laparoscopy are only the beginning.
These new techniques mean you can offer even higher standards of care – but providing all the new equipment for your veterinary surgery means you need to make substantial investments.
The equipment you need for your surgery can include:
- Examination tables
- Infusion pumps
- Anaesthetic equipment
- Dental equipment
- Surgical lights
- Medical gas systems
- Ultrasound machines
- X-ray systems
Of course, it is not only specialised surgery equipment you will need. Your practice will need business equipment, computers and related IT as well.
Funding the equipment you need
At Rangewell, we believe that asset funding solutions can often provide the most cost-effective ways to provide equipment for your veterinary practice.
Asset Finance provides a number of ways to help you spread the cost of the equipment you want for your practice, and includes solutions to let you buy outright or lease items of all kinds.
Hire Purchase lets you spread the cost of buying equipment. You will need to pay a deposit plus fixed monthly instalments. Arrangements generally last between 12 and 72 months after which the equipment becomes yours.
Finance Leases can make higher cost items more affordable by spreading the cost across its economic life. At the end of the agreement, the asset may either become yours – perhaps with a final payment – or be returned to the lease company.
Operating Leases are much like a rental agreement. You simply pay a monthly rental charge to use the asset. Everything else, maintenance, repairs, registration, is the owner’s responsibility. This type of finance could be the best option for equipment which will have a limited life.
Contract Hire is a special kind of leasing arrangement usually used for vehicles. Payments are calculated on the purchase value less the estimated value of the vehicle at the end of the agreement. This helps keep your monthly repayments down, and makes it simple to switch to a new vehicle at the end of the agreement. It can provide solutions whther you need a car for visiting farms or making house calls, or setting up a mobile surgery.
In addition to equipment finance solutions, we also offer professional loans for vets. Business & professional loans are typically used to cover expenditure that can’t be paid for on a hire purchase or lease agreement, and can be used for a wide range of purposes, including extending or refurbishing your practice, or acquiring a competitor.
Why you need Rangewell to find finance for your practice
As a veterinary professional, many lenders will be happy to lend to you, and you may be eligible for special discounted rates which will cut the cost of borrowing. But finding the most competitive deal across the entire market takes time and expertise.
At Rangewell, our expertise works for you. We know the lenders who really understand the profession and who can offer the most competitive rates for all types of finance - including asset finance solutions.
REAL EXAMPLES OF WHAT WE CAN DO
Find the most competitive funding to allow a new practice to equip a new surgery
Help expand your current practice, move to a larger premise or open a second or third site
Source a lease arrangement to allow an established vet work with cutting edge digital x-ray equipment
Find the most competitive finance to allow a new practice to buy used ultrasound equipment and spread the cost with HP
Help a vet arrange a lease for a specialised vehicle for use as a mobile surgery
Call us to build your veterinary practice
Coming to Rangewell means getting an expert team working to find the financial answers you need for your veterinary practice.
It means we can help you get the equipment that will provide your practice with a competitive advantage.
Our service is personal. We can discuss your objectives, and help find answers scaled to fit your turnover and your other obligations.
Helping you build your profits
Making equipment affordableAsset finance avoids upfront costs for major equipment by letting you spread it over months or years.While some solutions could even avoid the need for a deposit.
Tailored to your budget and your practiceYou can lease equipment at all levels, from individual items to complete purpose-built diagnostic suites. Leasing can provide better rates on consumables too.
Update your equipmentAsset finance includes leasing solutions that let you update your equipment - you can always work with the latest, most accurate technology.
Reducing the risk of borrowingWith asset funding, the borrowing risk is restricted to the equipment itself. No other assets are at risk if you are unable to make repayments.
Cover all your equipment needsA single arrangement can cover items from multiple suppliers.
Refinance optionsIt may be possible to refinance existing finance arrangements to reduce your costs.
Download Rangewell’s free and detailed guide to Financing Your Veterinary Equipment
How does Asset Finance work?
What are the options?
How can you apply?
What are the costs?
What are the restrictions?
Paperwork you need to provide with your application
Key terms to check
Consider your overall finance needsLenders may view long-term equipment finance arrangements as debt. This could prevent your practice from being approved for other borrowing.
Your key equipment could be at riskIf you are unable to keep up repayments on a hire purchase or lease agreement, your equipment could be at risk of repossession. This could make it difficult to operate your practice.
A specialist lender may be essentialYou may need a specialist lender who understands the veterinary sector – especially if you need maintenance and repair as part of your lease. At Rangewell we can help you find a suitable lender.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.