Power wheelchairs are life-changing devices that assist people in moving about. But here’s the catch: They do not come cheap. A good manual or a power wheelchair, especially in a carbon fibre model, can set one back many thousands of dollars. For most people, that kind of price is unrealistic.
That is where payment plans and financing options come into play. Instead of paying a lump sum, one can choose to spread the payments over an agreed time. This has rendered power wheelchairs more affordable and available to those who need them most.
Knowing your financing options could be the determining factor if you are considering going advanced and buying a carbon-fibre power wheelchair.
Why Payment Plans and Financing Are Important for Power Wheelchairs
Acquiring a power wheelchair is a whole different ball game compared to buying a simple chair. These machines are designed to give their users independence, safety, and comfort. They come at a price tag anywhere from the low $3,000s to over $10,000 for the high-tech models.
Here are just some reasons financing for power wheelchairs is highly important:
- It relieves much of the burden placed on the person upfront.
- It enables more people to acquire high-quality wheelchairs.
- It enables persons to seriously invest in durable mobility equipment.
A wheelchair can ultimately change a person’s life completely. Therefore, assisting someone to obtain that investment is just as vital.
Assistive Tech Hub is a trusted platform designed to help users find the best financing option to fit their needs. It offers users support, tools, and information to assist buyers throughout the entire process.
Understanding the Costs of Power Wheelchairs
Power wheelchairs aren’t one-size-fits-all. The total cost depends on things like:
- Type and model of chair
- Duration of battery life and strength of the motor
- Advanced materials like carbon fibre
- Custom seating and featured accessories
- Long-term maintenance
Entry-level models may go as low as $2000, while carbon fibre power wheelchairs may reach over $3000 because it is:
- Light and agile
- Strong and able to withstand a lot of wear and tear
- Sleek and easy to travel with
Knowing exactly what you are paying for is essential when deciding on the best financing plan.
Available Financing Options for Power Wheelchairs
- In-House Financing
Some suppliers (like Assistive Tech Hub) provide in-house financing, which means dealing directly with them for splitting up payments for the item purchased.
How it is beneficial:
- Lower interest rates
- Rapid approval
- Flexible options (such as weekly, biweekly, or monthly)
- Single source for queries to simplify communication in most cases
You can apply directly through the Assistive Tech Hub store for models that fall under financing.
- Third-Party Financing Companies
They’re basically outside companies that fund the procurement of items such as power wheelchairs.
Advantages:
- It could even be availing of extended payment term options
- Most often, does not affect the credit referencing by checking eligibility
- Wide variety of lenders offer their choice.
Disadvantages:
- Interest rates higher than that of in-house plans
- More paperwork included
Need help choosing a financing partner? Contact Assistive Tech Hub for expert help.
- Government Assistance Programs
If you are in Australia, you might be entitled to support through:
- NDIS-National Disability Insurance Scheme
- State based fund programs.
- DVA-Department of Veterans’ Affairs for veterans.
These programs may cover part or all cost of power wheelchair.
Check Assistive Tech Hub to learn about what government funding you qualify for.
- Link to relevant pages like Assistive Tech Hub for further information on government funding options.
Flexible Payment Plans for Power Wheelchairs
Payments cannot be made under just one cover for every person. Some of the options include:
- Installments: The repayment constitutes equal components over the time.
- Interest-Free Lending: The price is paid off in a predetermined period without any interest.
Additions:
- No upfront payment
- Yes, the wheelchair is now in your hands.
- A majority of households can afford it.
Visit Assistive Tech Hub Store for models with different payments.
How to Apply for Payment Plans and Financing
Most people don’t think it can be so easy to apply actually. Here is how the process goes, step by step:
- Contact supplier like Assistive Tech Hub
- Documentation: Proof of income, ID, medical report.
- Pick a payment scheme that suits your financial capability
- Approval usually takes one to two days
- And the delivery of the wheelchair at their doorstep.
To get help, go to the contact page of Assistive Tech Hub and they will help you through it.
Key Factors to Consider Before Choosing a Financing Option
Financing makes life easier, but it does require some checking of the details.
- Interest Rates: Helps in comparing offers to find the lowest rate
- Fees: Outline setup fees, late fees, and exit fees
- Repayment Terms: Monthly or weekly payments – what suits your income cycle?
- Loan Terms: Read the fine print before you sign
- Credit Checks: Some lenders may check your credit score
Need clarity? Check out the Assistive Tech Hub for tools and advice.
Payment Plans for Advanced Models (e.g., Carbon Fibre Power Wheelchairs)
High-end models, like carbon fibre power wheelchairs, are:
- Ultra-lightweight
- Easy to transport
- Longer-lasting
But they’re also pricier. That’s why payment plans are especially helpful here. You get:
- The best model without paying everything upfront
- Affordable monthly payments
- More value over time
Check out the CWU Carbon Fibre Power Wheelchair page for features and financing plans.
Alternatives to Financing – Other Ways to Access a Power Wheelchair
Lease Options
For a short period, maybe weeks or months, you can rent a powered wheelchair, then you will need to return it.
Rent-to-Own
While using the wheelchair, you are paying in small amounts, eventually owning the chair.
Government grants: NDIS and other local grants to apply to minimize the amount you need to finance for a power wheelchair.
Find out more about this at Assistive Tech Hub.
The Benefits of Choosing a Financing Plan for Your Power Wheelchair
Payment plans are not solely about savings. They also represent freedom and means of mobility.
- Get your hands on life-changing equipment without wasting timeGet a better quality product with lesser trade-offs
- Make small, manageable payments gradually
- Better access to top-tier models for veterans and people with disabilities
Want to check what is available? Assistive Tech Hub Store is the place for you.
- Encourage readers to explore financing options through Assistive Tech Hub Store for suitable models.
Conclusion
Financing power wheelchairs could change your life. Now instead of fretting about paying a large chunk upfront, you can concentrate on picking a wheelchair that fits your needs.
Look for a payment plan, compare your options, and do not hesitate to ask your questions.
Ready to kick things off? Consult Assistive Tech Hub for financing solutions tailored to your needs.
