Ambulance Finance
Our finance division provides ambulance finance for a range of medical-based companies across the UK.
Ambulance Finance for UK Businesses
Finance is available for new and used ambulances through BTG, including patient transport vehicles, emergency ambulances, and specialist medical response units.
Whether you operate a private ambulance service, NHS patient transport contract, or a voluntary first aid organisation, we can help you access the funding you need. We work with a wide panel of banks and alternative funders to identify the most competitive solution for your business.
What is ambulance finance?
Ambulance finance is a form of asset finance that allows healthcare and emergency transport operators to acquire ambulances and specialist patient vehicles without paying the full purchase price upfront. Rather than tying up capital in a single asset, your business makes fixed monthly repayments over an agreed term, preserving cash flow for staffing, equipment, and operational costs.
Finance can be arranged for new and used vehicles and covers a range of configurations, from front-line emergency ambulances and high-dependency units to patient transport vehicles and rapid response cars. Finance can also be structured to cover specialist fit-outs and medical equipment installed within the vehicle.
The finance products available for ambulances are hire purchase and finance lease agreements. With hire purchase, ownership transfers to your business at the end of the term. With a finance lease, the funder retains ownership, but your business has full operational use of the vehicle throughout the agreement.
What are the benefits of ambulance finance?
- Preserve working capital by spreading the cost of high-value vehicles across a fixed repayment term
- Access new or upgraded ambulances without a large upfront capital outlay
- Fixed monthly repayments make budgeting and financial planning straightforward
- Finance is available for both new and used vehicles
- Hire purchase agreements allow your business to own the asset outright at the end of the term
- Finance lease options can reduce your monthly commitment and offer flexibility at the end of the agreement
- Specialist medical fitouts and on-board equipment can often be included within the same facility
- Our panel includes funders experienced in healthcare and emergency transport
How we helped a private ambulance operator expand its fleet
A private ambulance provider operating across the North West contacted BTG seeking funding to add two high-dependency patient transport vehicles to its fleet. The business held a number of NHS patient transport contracts and needed the additional vehicles to meet growing demand, however, they did not want to deplete its working capital ahead of a busy winter period.
We assessed the business's financial profile and submitted applications to several funders on our panel with experience in the healthcare sector. We structured the deal across two agreements: one hire purchase facility for the newer vehicle and a separate arrangement for the used unit with a funder experienced in second-hand medical assets.
The total funding arranged was £148,000 across both agreements, with repayment terms of 60 and 48 months respectively. The business was able to take delivery of both vehicles within the same week, meeting its contractual obligations and avoiding any disruption to service delivery.
What finance options are available for ambulances?
Hire purchase: Your business pays for the ambulance in fixed monthly instalments. At the end of the agreement, full ownership transfers to you. This is one of the most popular options for operators who want to own their fleet outright.
Finance lease: The funder purchases the vehicle and leases it to your business for an agreed term. You retain full operational use throughout. At the end of the term, you can extend the lease, return the vehicle, or in some cases arrange a sale to a third party.
Asset refinance: If your business already owns ambulances or patient transport vehicles outright, refinancing allows you to release a percentage of their value as a lump sum. The asset is transferred to the funder and leased back, so you retain full use while freeing up capital for other purposes.
Unsecured business loans: For operators who prefer not to tie finance to a specific vehicle, an unsecured business loan can provide a flexible lump sum that can be used for vehicle purchase, fit-outs, or any other business purpose.
Apply for ambulance finance
We work with a wide panel of banks and alternative funders to identify the most competitive ambulance finance for your business. Whether you are purchasing a single vehicle or expanding an existing fleet, we can manage the application process on your behalf.
To get a quote or find out more, fill in the form on our website and we will be in touch. If you would like to speak to someone directly, call us on 0115 958 6872 or email [email protected] and a member of our team will be happy to help.
Enquire with our Finance Experts
Ambulance Finance FAQs
Can I finance a used ambulance?
Yes. We can arrange finance for both new and used ambulances. The availability of finance for older or higher-mileage vehicles will depend on the funder's criteria, but our panel includes lenders experienced in second-hand medical and emergency vehicles.
Do I need to be a limited company to apply for ambulance finance?
No. We can arrange ambulance finance for limited companies, LLPs, and sole traders. Eligibility criteria will vary depending on the funder and the finance product.
How long does it take to arrange ambulance finance?
Most applications receive an initial decision within 48 hours of submission. The overall timeline will depend on the complexity of your application and the documentation required, but for straightforward hire purchase agreements, funds or asset confirmation can often be in place within a few working days.
How long does it take to secure ambulance finance?
The timeline for securing ambulance finance will depend on the type of finance you are applying for and the complexity of your application. For hire purchase and finance lease agreements on new vehicles, the process is typically straightforward. Once terms are agreed and documentation is signed, funds or asset confirmation can often be in place within a few working days. If your application involves a more complex structure, you should allow additional time for the deal to be placed and documented correctly.
Will I need to provide a personal guarantee for ambulance finance?
This depends on the finance product and the funder. Hire purchase and finance lease agreements are typically secured against the vehicle itself, so a personal guarantee is not always required. For unsecured facilities, a personal guarantee is standard. Our team will confirm the requirements before you proceed.
Can the fit-out or on-board medical equipment be included in the finance?
In many cases, yes. If the specialist fit out is being carried out by a recognised dealer or supplier as part of the vehicle purchase, it can often be incorporated into the same finance agreement. Speak to our team and we can confirm what is possible based on your specific requirements.
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