It can be more difficult to purchase a wheelchair van than a regular vehicle, and is often a long, drawn out process. Wheelchair bound people require special seating, controls, loading and unloading assistance, and other modifications to make the van more comfortable for the driver and passengers.
One the most difficult parts of purchasing a wheelchair van is cost and financing. Unfortunately, due to the added requirements of equipment and special devices, the cost for one can be high, making it impossible for many people to afford one. There are financing options available, some similar to those for conventional car purchases and others designed specifically for the disabled persons.
Thoroughly researching and comparing options, styles, modification requirements, equipment, and maintenance needs is the first step to purchasing a wheelchair van. Knowing these costs ahead of time will enable you to determine what you can afford, what is available, and what you can do without.
Traditional Financing
As with the purchase of a conventional car, dealers and sellers often offer traditional financing for wheelchair accessible vehicles. These loans are typical of car loans with durations of three to five years and interest rates dependent on your credit rating. You may also secure financing from a third-party or banking institution. These companies may provide longer terms, and usually offer better interest rates.
Grants
Many charities and other non-profit agencies offer grants to fund the purchase of mobility vehicles. Finding such agencies may require some research, and they will have strict qualifications for the grant. Grants are essentially gifts and do not have to repaid, one reason for the qualification requirements. Disability specific organizations are the easiest to locate and will often help in the purchase of a van.
Government Assistance
Most states have agencies that will provide assistance in purchasing a mobility van, either through reduced rate loans or grants. These also will have qualification requirements and will have to be applied for in order to receive approval, which may take many weeks.
Fundraising
While this may not be your top option, it is an excellent option if you are unable to get financing from the other sources, or the amount you receive does not cover the full cost of the wheelchair van. Friends, family, co-workers, and even strangers are willing to host a fundraising event or program to help you acquire the van you need for mobility.
IMEDMobility.com is a premier provider of new and used wheelchair van and mobility equipment. Visit IMEDMobility.com today to find a wheelchair van in your area.