A mobility van is a van that is equipped to meet the needs of a handicapped person. A mobility van is usually a regular van that is modified to meet the needs of the person using the van. Purchasing a modified van typically costs $20,000 to $30,000. The cost of modifying a standard van is typically $5,000 to $15,000 depending upon the type and extend of modifications that need to be made to accommodate the user. Banks and credit unions commonly offer auto loans that can be used to cover the costs associated with purchasing or modifying a mobility van. Other options for obtaining funding also exist.
Instructions
Finance a Mobility Van
1. Apply for financing through a patient-focused financing company, such as PFS Patient Financing (see Resources). These companies tend to be more lenient with their qualification requirements than traditional banks. Additionally, they tend to offer more favorable repayment terms than banks. Many of these companies require a doctor's statement along with employment verification to obtain funding. Have these documents available before contacting these companies.
2. Contact your local Veteran's Administration (VA) to apply for funding through the VA if the van will be used for a veteran. (See Resources) Grants are available through the VA for veterans to utilize to purchase a mobility van or to modify a traditional van. The application process typically involves a medical exam by a VA doctor and a request for funding.
3. Contact the Knights of Columbus chapter in your local area (see Resources) to apply for a grant from them. The Knights of Columbus offer grants that can be used to purchase or modify a mobility van if the mobility van will be used for a child. Usually, a doctor's statement outlining the nature of the disability and need for a mobility van is required with the application, though this can vary from chapter to chapter.
Tags: doctor statement, Finance Mobility, Knights Columbus, meet needs, that used, will used, your local
