Considerations for Buying a Wheelchair Van For Sale Under $25,000
When purchasing a vehicle, especially a wheelchair van, you don’t need to spend a fortune. These vehicles may have higher mileage, but remain reliable. We recommend buying from a licensed dealer, or if that isn’t possible, paying a trusted mechanic to inspect a potential purchase for any mechanical issues that will end up costing you more in the long run. Maintenance for wheelchair vans under $25,000 can range from oil and fuel line leaks to transmission issues or other warning light problems. And this is before we've discussed the adaptive equipment that has been added to your vehicle.
Value vs. Cost
Although many online sources will recommend buying new, buying a used handicap van has its advantages:
Used wheelchair vans cost less
Used wheelchair vans have lower insurance
Depreciation is typically the fastest within the first two years of ownership
There is less risk than in the past buying a used vehicle due to improvements in the quality of vehicle construction.
However, for wheelchair vans, there are advantages to buying a new van over a $25,000 van:
Initial Down Payment. Used wheelchair vans may be more attractive in the event that you don't have any or you only have a little cash for a down payment. If you can't put any money down, interest charges for a new van will be higher.
Interest Rate. The interest rates for new wheelchair vans tend to be lower than those for used vans. When looking at what you can afford or are willing to spend, the initial cost could be less important than how much is spent on a longer-term, including additional maintenance and high-interest loans.
Cost. Over the long term, and throughout the course of owning the car, maintenance and repairs for the $25,000 van will be more than a new van which is covered under warranty for both the chassis and the wheelchair conversion.
Reliability. A $25,000 wheelchair van may have been an easy purchase to make, but if there are a number of mechanical issues that require repair, or if the adaptive equipment doesn't work, paying for numerous repairs can get costly and time-consuming.
Resale Value. A well-maintained wheelchair van may be able to hold its resale value which can decrease the overall cost of ownership.