Purchasing a wheelchair is an investment for everyone who is looking to purchase one. Whether you are on a pension, government assistance, or unemployment insurance, it can be difficult to save up a few thousand dollars for a wheelchair. So, financing a wheelchair may be your best option to help you regain your mobile independence. In this article, we are going to discuss the pros and cons as well as the logistics that go into financing a wheelchair.
Pros of Financing a Wheelchair
If you are on a tight, consistent budget, like most who are retired, it can be nearly impossible to save a few thousand dollars. And, if you do save up the money, it can take a few years to save up enough. So, the option to finance a wheelchair can help you get your chair immediately, without the worry of saving. If you are in need of a wheelchair now but are unable to afford one, financing might be your best way to go. Additionally, it won’t eat up all of your savings like purchasing a wheelchair outright would.
Cons of Financing a Wheelchair
Taking on new debt can be scary for anyone. Ensure that your new wheelchair finance fits within your budget to ensure that you are not living outside of your means. Additionally, if your credit score is not the best, you may be subject to a higher interest rate. This is important to consider if you are thinking about financing a wheelchair.
Financing an EasyFold Wheelchair
Financing a power wheelchair can be time consuming so we wanted to make the process of financing easier for our customers hence, we partnered with PayBright. Applying for finance through PayBright is made simple with 4 easy steps.
How It Works
Apply Online
Apply with our easy online application in under a minute.
Get an instant decision
Get our instant approval decision right away, displayed on screen along with the amount of funds available to you.
Complete your purchase
Proceed to your preferred merchant to finalize your payment plan and complete your purchase.
Make Payments
PayBright will pay your preferred merchant directly. We will set up convenient pre-authorized monthly or semi-monthly payments from your designated bank account.
Other Organizations That Offer Financial Support For Wheelchairs
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Easter Seal Society
In Ontario, individuals with disabilities who are 19 years old or younger and who are also registered with Easter Seals may receive financial aid from the Society. Easter Seals offers each client up to $3,000 in financial assistance per year to help with the purchase of a wheelchair.
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Kin Canada
Some Kin Canada clubs may provide funding for individuals who are buying wheelchair. Please call your local club to determine if they can help.
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Ontario March of Dimes
The Ontario March of Dimes manages the provincial government’s Ministry of Community and Social Services’ “Home and Vehicle Modification Program” (HVMP). This program funds vehicle modifications through grants of up to $15,000 per decade. Applicants must be permanent Ontario residents who have disabilities that will significantly hinder their mobility for more than one year.
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Religious Organizations
Religious organizations may provide funding for your wheelchair. Every religious organization is different, so there is no guarentee that you will be able to get support from yours, but there is no harm in asking. Please discuss this possibility with someone who may be able to help at your place of worship.
Final Words
Financing at any age can be a difficult decision. There are pros and cons to financing, but if you are in need of a wheelchair sooner rather than later, it can be beneficial. Money is not an easy subject to talk about, but if you have any questions about financing your EasyFold Wheelchair, do not hesitate to reach out.