Handicap Accessible Van Financing

Finance Options For A Wheelchair Van Conversion

If you are purchasing your first handicap van, you might be surprised at the extra expense created by adding an wheelchair accessible conversion. By financing your wheelchair van conversion purchase, you can spread this expense over a number of years.

Many car buying websites will tell you things like "know your credit score" and "compare rates," but the fact is that financing a handicap accessible vehicle is not exactly like financing a car.

Financing a handicap vehicle can prove to be very challenging because many bankers are not familiar with the mobility vans or the process it takes to complete the wheelchair accessible conversion. They don't know what the wheelchair van van is really worth, so they have a hard time putting a value on the loan. They don't know the difference between a VMI Summit and VMI Northstar.

Many bankers may not understand the nuances that go into a handicap van conversion. For example, if a banker hears that a mobility van has a lowered floor, it does not mean much to them. The person buying the accessible van knows they need the extra head room the lowered floor provides.

There are some great financing sources for handicap accessible van conversions, but many of them are regionalized and may not be able to make a loan on your vehicle if you do not reside in one of the states they can work in.

Finding Financing for Handicap Vehicles

The best place to look for wheelchair van financing is with your local mobility dealer. Most will have connections with banks who are able to write loans for your purchase. Many will even have information on government programs that can greatly reduce the expense of the handicap vans, making it easier to get traditional financing. Some local mobility dealerships may even be able to assist with grants or grant money for a mobility van purchase.