The Complete Guide to Wheelchair Van Financing: Options, Tips & Programs

For individuals and families needing wheelchair-accessible transportation, purchasing a mobility van represents both a significant investment and a life-changing improvement in independence. At Paul Sherry Conversion Vans, we understand that finding the right vehicle is only half the journey – securing affordable, appropriate financing is equally important.

This comprehensive guide walks you through everything you need to know about wheelchair van financing, from understanding your options to navigating special programs, and tips for getting the best rates regardless of your credit situation. With over 50 years of experience helping customers find mobility solutions, we’ve compiled our expertise to make your financing journey as smooth as possible.

Understanding Your Wheelchair Van Financing Options

Traditional Auto Loans

Traditional auto loans remain the most common financing option for wheelchair vans. These loans typically offer:

• Term lengths: 36-84 months
• Interest rates: Competitive rates based on credit score and market conditions
• Down payment requirements: Typically 10-20% of the vehicle’s cost

The advantage of traditional auto loans is their straightforward structure and wide availability. At Paul Sherry Conversion Vans, we’ve established partnerships with numerous lending institutions to offer competitive rates regardless of your credit situation.

Specialized Mobility Financing Programs

Several financial institutions offer programs specifically designed for mobility vehicles, which take into account the higher cost of these specialized vehicles:

• Extended terms: Some mobility-specific loans offer longer repayment periods to keep monthly payments manageable
• Higher loan limits: Recognition of the additional costs associated with wheelchair accessibility
• Inclusion of modifications: Options to finance both the base vehicle and necessary modifications in one loan

Our finance team works with lenders who understand the unique nature of mobility vehicle purchases and can offer tailored solutions.

Leasing Options

While less common than purchasing, leasing can be a viable option for some wheelchair van customers:

• Lower monthly payments: Often results in smaller monthly outlays
• Newer vehicles more frequently: Ability to upgrade to newer models at the end of lease terms
• Maintenance coverage: Many leases include warranties covering the vehicle during the entire lease period

Leasing can be particularly appealing if you prefer driving newer vehicles and want predictable transportation costs.

Financing for Various Credit Situations

Good Credit Financing

With good credit (typically scores above 670), you’ll have access to:

• The most competitive interest rates
• Multiple lender options
• Lower down payment requirements
• Flexible term lengths

Challenging Credit Situations

At Paul Sherry Conversion Vans, we believe everyone deserves the independence a wheelchair van provides. If you have less-than-perfect credit, we offer:

• Bad credit financing programs: Our partnerships with multiple lenders mean we can often find solutions for challenging credit situations
• Credit rebuilding opportunities: On-time payments for your van can help improve your credit score over time
• Flexible down payment options: We work with you to find a down payment amount that fits your budget while satisfying lender requirements

Remember, making consistent, on-time payments on your wheelchair van loan can help rebuild your credit score, as we report these payments to credit bureaus.

Grants and Assistance Programs for Wheelchair Van Purchases

Government Programs

Several government programs can provide assistance:

• Vocational Rehabilitation Services: State-run programs may help fund vehicles needed for employment
• Veterans Affairs (VA) benefits: Veterans with service-connected disabilities may qualify for vehicle grants
• Medicaid waivers: Some states offer waiver programs that can help with vehicle modifications

Non-Profit Organizations

Many non-profits offer grants or low-interest loans:

• Local and national disability organizations
• Condition-specific foundations (MS Society, MDA, etc.)
• Community-based programs

Our finance team can help identify programs you might qualify for and assist with application processes.

The Paul Sherry Wheelchair Van Financing Process: 3 Simple Steps

Step 1: Explore Your Options

Before applying for financing, take time to:

• Browse our extensive inventory of new and used wheelchair vans online or in person
• Consider your specific needs regarding entry type (side or rear), floor plan, and features
• Determine your comfortable monthly payment using our online payment calculator

Our inventory includes a variety of Dodge, Chrysler, RAM, and Honda mobility vans with different configurations to meet various needs and budgets.

Step 2: Apply for Financing

Once you’ve found your ideal wheelchair van:

• Complete our simple online application which goes directly to our finance manager
• No impact on your credit score during this initial information-gathering phase
• Our team contacts you to discuss your needs and options in detail

We never run your credit without your explicit permission. The initial application helps us understand your situation and match you with appropriate financing options.

Step 3: Finalize Your Purchase

After approval:

• Review your financing terms with our team
• Complete necessary paperwork
• Arrange delivery to any of the 50 states

We handle all the details to make the process as convenient as possible, even arranging nationwide delivery if needed.

Financing Tips for Wheelchair Van Shoppers

Consider New vs. Used

Both new and used wheelchair vans have financing advantages:

New vans typically offer:

• Lower interest rates
• Longer warranty coverage
• Latest features and technology

Used vans can provide:

• Lower overall cost
• Less depreciation
• Often still have remaining warranty

Our inventory includes quality options in both categories to fit various budgets.

Understand the Total Cost

When financing a wheelchair van, remember to account for:

• Base vehicle cost
• Conversion/modification expenses
• Extended warranty options
• Maintenance considerations
• Insurance requirements

Our finance team provides transparent cost breakdowns so you understand exactly what you’re financing.

Prepare Your Documentation

Having these documents ready can expedite the financing process:

• Proof of income
• Residence verification
• Driver’s license
• Insurance information
• List of references

Why Choose Paul Sherry for Your Wheelchair Van Financing

Unmatched Expertise

As wheelchair van financing specialists, we offer:

• Decades of experience in mobility vehicle financing
• Knowledgeable staff dedicated to accessibility solutions
• Understanding of the unique considerations for wheelchair van purchases

Extensive Lender Network

Our established relationships with multiple lending institutions provide:

• Competitive interest rates
• Higher approval rates
• Flexible terms to match your needs

Comprehensive Selection

Our inventory features:

• Multiple van manufacturers including RAM, Dodge, Chrysler, and Honda
• Various entry configurations (rear and side entry)
• New and used options to fit different budgets
• Custom ordering capabilities for specific needs

Personalized Service

Our approach to financing is centered on individual needs:

• One-on-one consultation with financing experts
• Tailored solutions based on your specific situation
• Ongoing support throughout the loan period

Conclusion

Financing a wheelchair van doesn’t have to be complicated or stressful. At Paul Sherry Conversion Vans, we’ve simplified the process to help you secure the mobility solution you need with payment terms that fit your budget.

Our team of financing specialists is ready to guide you through every step, from exploring your options to driving away in your perfectly equipped wheelchair van. We understand that each customer’s situation is unique, and we’re committed to finding personalized solutions that provide both transportation and independence.

Contact our wheelchair van financing team today at [Phone Number] to discuss your specific needs, or start browsing our extensive inventory online to find the perfect mobility solution for your lifestyle.