Private Ambulance Equipment Finance

Whether you own just one or a full fleet of private ambulances, it's vital to have the right equipment on board at all times. A private ambulance business can be a very profitable venture. From medical event cover through to NHS contracts, there are several occasions in which a private ambulance can be very useful. 

So, if you are competing for private ambulance contracts then you will want to make sure you have the best possible chances of securing the deals. By investing in equipment, or even a complete refit, then you are positioning your private ambulance business at the forefront. 

Need finance for private ambulances? Get in touch with Rangewell's team of experts today, and we will support you with every stage of the application for asset finance. 

Asset finance for private ambulances

A basic transport ambulance might cost £40,000, while new emergency ambulances could be cost up to £200,000 with a full complement of equipment. In order to properly equip and maintain your vehicles, you will likely require substantial funding with terms that suit you and your overall business objectives. 

At Rangewell, we can help you find the funding you need if you are ready to extend your fleet or need to repair or upgrade specialist medical equipment.

With medical equipment asset finance, you can secure finance to fund the acquisition of the equipment and vehicles your business needs. The funding is secured on the equipment itself, reducing lenders' risks and, consequently, the rates they need to charge. 

Types of asset finance for private ambulances

There are several different options to help fund your private ambulance equipment purchases, here are some of the most common types:

Hire Purchase

With hire purchase, you can typically acquire equipment immediately with a single deposit payment. Then you can spread the costs in regular monthly instalments over a period of up to five years. At the end of this term, you own the asset outright, making it ideal for items with 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 makes 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 particular 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 vehicle's resale value will be deducted from the amount you will need to finance.

Ambulance Vehicle Financing

The above types of finance may apply to private ambulance equipment, or even the ambulance vehicles themselves. Buying a new or used private ambulance requires a significant upfront cost, so many businesses opt for vehicle finance to spread the cost over a longer period of time. 

Depending on the type of vehicle finance you choose, you may or may not own the vehicle at the end of the contract. If you require additional funding for refitting or purchasing equipment for the ambulance, then you may be able to access additional funds from the same or a different lender. 

So, to make sure your finance is working for you, speak to our team of experts today or click the button below to learn more about private ambulance financing.

Can a vehicle supplier offer finance?

Vehicle dealers may offer finance arrangements, but some will be making more profit from the finance than they do on the vehicles themselves. So, it's really important to look around and ensure you are getting the best deal for your circumstances. 

At Rangewell, we have access to the whole of market, including both big banks and small, specialised lenders. So, we can often help secure a better deal for your asset finance than a dealer can offer through their preferred lender. 

Securing private ambulance equipment finance with Rangewell

At Rangewell, we're independent of the lender, so we can offer a balanced approach. Our experienced team of advisors will take into account your requirements and any existing finance arrangements with the aim of finding the very best asset funding package for your private ambulance business.

Call us now to speak to our expert team and kickstart your application today.