subject: Financing Options for Used Handicap Vans [print this page] Financing Options for Used Handicap Vans Financing Options for Used Handicap Vans
People always want to save money, and buying used handicap vans is one way to do that. When purchasing from a mobility specialist, certain rebates may apply that will lower the overall cost of the van, and that coupled with choosing a used van with a new conversion lowers the numbers even more.
A manual ramp on used handicap vans is another way to save thousands of dollars.
Often, those purchasing a used or new van will trade in a non-converted one that can significantly reduce the final cost. What the dealer is willing to pay has to do with whether the van is capable of having a conversion and what the age and condition of the vehicle is. If the van is not a candidate for a conversion, the dealer will still pay fair market value and sell it on the open market.
Most patrons want the opportunity to try out a van before they decide to make a purchase. Usually any legitimate request will meet with a weekend rental. The purchasers can drive the exact used handicap vans they are interested in buying, or if a new van is desired, the vehicles used are those already in the rental pool.
You can buy a wheelchair van from several sources, but if you go to a mobility specialist, you gain from the expertise of those who know any special savings that can be had on the purchase and they can arrange to have any other modifications done to the vehicle that you might need.
When people make their selection for used handicap vans, they often want to go to their local bank to finance the purchase. This can be a little complicated because many banks will not finance the total cost of the purchase. They must be informed that it is a converted van in the first place, and they may not finance the conversion portion of the cost.
Some banks will finance up to 120% of the value of the van before it is converted, but that probably won't be enough to cover your final cost. Your mobility specialist can speak with the bank for you and may be able to get a better deal for you.
If you finance through your mobility dealer, the banks that are used are familiar with specialty vans and have financed them for many years. There are fewer problems with the financing when it is handled by these banks, and the rates are comparable to those charged by your local bank.
