Veterinary Equipment Finance

As the field of veterinary medicine continues to innovate, new techniques and technologies mean you can offer even higher standards of veterinary care. In order to do so, you'll need to equip your facility with the right equipment. Getting this equipment for your vet surgery means you need to make substantial investments.

The equipment you may need for your surgery can include:

• Autoclaves
• Examination tables
• Infusion pumps
• Anaesthetic equipment
• Dental equipment
• Incubators
• Surgical lights
• Medical gas systems
• Defibrillators
• Ultrasound machines
• Ventilators
• X-ray systems

Of course, it is not only specialised surgery equipment you will need. Your veterinary practice will need a full range of business equipment, computers and related IT systems as well.

With all of these in mind, the costs can be considerable and may discourage vets from investment. Remember, however, that your competitors may have no such qualms and may therefore win customers from you by offering higher standards of care. 

Fortunately, you don't need to bankrupt your business to get the equipment you need. Finance providers such as banks and independent lenders can support your business in buying equipment, upgrading facilities and growing to match modern expectations. 

Funding the equipment you need for your veterinary practice

One of the most cost-efficient ways to raise finance is through a concept known as asset funding. 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 includes solutions to let you buy equipment outright or lease it. The asset's own value is used as security, which means the lender perceives less risk as they can sell the asset if you fail to repay the loan. This, in turn, benefits you by reducing the burden on your personal securities or business in general. 

Hire Purchase

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.

Hardwearing items which will go on giving service for years, like your examination table or drug safe might be ideal for a hire purchase arrangement.

Leases

Leasing can make higher cost items more affordable by spreading the cost across their 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. This type of finance could be the best option for delicate equipment with a limited life, such as portable ultrasound kits.

Contract Hire

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 which helps to keep your monthly repayments down and makes it straightforward to switch to a new vehicle at the end of the agreement. It can provide solutions whether you need a car for visiting farms or making house calls, or a larger vehicle for setting up a mobile surgery.

Why you need Rangewell to find finance for your veterinary 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.

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

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 to give your practice a competitive advantage.

Our service is personal. We can chat through your objectives, and help find answers scaled to fit both your turnover and your other obligations.