Wheelchair Van Financing

How to qualify:

1. Down Payment

Most banks will require a down payment of at least 10% at time of purchase. If your credit scores are low (subprime), be prepared for them to request a larger down payment.

2. Monthly Payment

What monthly payment can you afford? Here’s a simple way to estimate. Multiple your gross monthly income by 36%. Your total monthly expenses should not exceed this amount.

        Example: Gross monthly income $5000 multiplied by 36% = $1800

        $1800 minus current monthly obligations = amount available for a monthly vehicle payment.

3. Credit Score

A good credit history can significantly lower your loan’s interest rate. Obtain a copy of your score early in your shopping research, so you can plan time to build it up if necessary. The definitions of prime and subprime credit are to the right. Improving even from Deep subprime to Nonprime could cut your interest rate in half.

Wheelchair Van Financing in 1, 2, 3…

1. Apply Online

Our secure online process is just a click away and can be done at home or at the dealer. You will need to have ready 1) your credit information and 2) your written sales estimate for the vehicle you’ve selected from the mobility dealer. The wheelchair van dealer should also estimate any additional equipment like hand controls, power assist, etc. as these can typically be included in your loan.

2. Same Day Approval

Once the online application is received, BraunAbility Finance will work with a variety of finance sources to provide term and rate options – in less than 60 minutes. Our mission is to provide options that fit your budget window. Advocating on your behalf with the finance sources to provide the best solution is our priority.

3. Sign Documents

BraunAbility Finance will work directly with the BraunAbility wheelchair van dealer to provide all the necessary documents, so you can simply sign and drive away in your new BraunAbility wheelchair accessible vehicle.