Veterinary Equipment Finance
The flexible finance you need in the fast-changing world of veterinary technologySpeak to one of our experts020 4525 5312
- 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
Finance for veterinary equipment
Get the capital you need to finance better vet equipment
Animal medicine technology has seen some astonishing advances. MRIs, ultrasound and laparoscopy, are only the beginning - and your veterinary practice may need them all. Purchase this essential equipment to remain competitive, supported by finance arranged by Rangewell.
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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:
- 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 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 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.
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 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.
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.
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 4WD vehicle for use as a mobile surgery
Discover our range of finances
Every type of finance for every type of business
Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.
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 costs?
Key terms to check
My veterinary practice needs a new piece of equipment - is Asset Finance suitable for buying veterinary equipment?
Do my equipment financing options include Hire Purchase?
What finance solutions are available to UK vets?
Can I take advantage of equipment leasing too with Asset Finance?
Are you able to provide competitive rates for veterinary equipment finance?
Is Asset Finance tax efficient?
Do I have to choose a lender that is regulated by the financial conduct authority?
How do I apply for equipment finance for my veterinary practice?
Are there any restrictions with veterinary equipment finance?
What paperwork do I need to provide with my application?