Funding for the converted vehicles that move patients to appointments and discharges, where contract income and conversion quality define the deal.
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Yes. Non emergency patient transport vehicles are financed, including the stretcher, wheelchair and seating conversions that make up a large part of the cost. These vehicles typically operate under private hire licensing from the local council, and conditions differ between authorities, so confirm what yours requires. Because the work is usually contracted to an NHS trust, an integrated care board or a private healthcare provider, funders pay close attention to the contract behind the purchase. A named contract with a defined term gives an underwriter something solid; ad hoc patient work is assessed much more cautiously.
Used kit: Yes — used patient transport vehicles are fundable, with conversion certification, floor and restraint condition and interior hygiene mattering more than registration year.
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Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
This sits at the awkward junction of taxi licensing and healthcare contracting. The vehicles are usually licensed as private hire by a local authority whose age, emissions and vehicle conditions vary from the next district’s, so the licensing position must be checked locally, while the contract specification may demand equipment and standards well beyond anything licensing requires. The conversion is central: stretcher mounts, wheelchair restraint systems, tail lifts, oxygen provision and infection-control interiors carry real value and need proper certification, and funders will include certified work in the asset cost. Accessible and medically converted vehicles hold value well because demand is persistent. Underwriting focuses on the contract — who awarded it, how long it runs, what happens on renewal — because that income is what services the agreement. Providers are assessed as businesses. Hire and reward insurance for patient carriage is specialist and priced separately.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Mercedes-Benz Sprinter | Large van converted for patient transport |
| Ford Transit | Patient transport conversion with tail lift |
| Mercedes-Benz Vito | Medium van for stretcher and seated patients |
| Volkswagen Crafter | Large van for multi-patient transport |
| Peugeot E-Traveller WAV | Electric accessible vehicle for appointments |
| Renault Master patient transport | Value large van with tracked floor |
| Ford Tourneo Custom WAV | Accessible vehicle for one or two chairs |
| Volkswagen Caddy WAV | Small accessible vehicle for single journeys |
| Mellor Tucana | Purpose-built accessible minibus for day services |
| Ricon wheelchair lifts | Tail lifts fitted to patient transport vehicles |
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Independent patient transport providers bidding for or holding NHS framework work, private ambulance companies expanding into planned transport, and established accessible taxi operators moving into healthcare contracts. The trigger is nearly always a tender outcome: winning the work creates an immediate need for compliant vehicles to a specified standard, often on a short mobilisation timetable that makes funding speed matter.
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Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
It generally does. A contract with a named public body, a defined term and a stated volume is the strongest evidence an underwriter can see behind a specialist vehicle. Supply the award letter or contract documentation with the application. Sub-contracted work through another provider is still useful but carries slightly less weight.
Yes, where it is certified and invoiced as part of the vehicle build. Tail lifts, stretcher mounting systems, wheelchair restraints and clinical interior fittings are usually incorporated into the asset cost. Equipment bought separately afterwards is harder to include, so it is worth specifying the full build before the funding is arranged.
Most planned patient transport runs under private hire licensing from the local authority, though requirements vary by district and some contracts impose additional standards on top. Emergency work is a different regime again. Confirm the position with your licensing authority and check the contract specification, because the two are not the same thing.
The finance agreement continues regardless, which is why term length should be considered against contract length rather than set arbitrarily. Converted vehicles do retain a resale market across providers and community transport, so there is an exit. We would rather structure around the contract period than leave you exposed at renewal.
Yes, and it is common after a tender win. Multiple vehicles can be funded together or through a facility drawn as each build completes, which suits staggered conversion schedules. Mobilisation timetables are often tight, so it helps to start the funding conversation as soon as the award is confirmed.
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.