Commercial Financing

Commercial NEMT Wheelchair Vans Loans & Equipment Leasing Solutions Tailored to Your Business Needs

Wheelchair Vans, Inc. understands the diverse needs of businesses and offers a comprehensive range of commercial vehicle loans and equipment leasing contracts. Whether you're looking for full loan payout options or flexible leasing solutions, we have the expertise to assist you.

Loan Options:

1. Full Loan Payout:
   • Choose from fixed-rate and floating-rate promissory notes.
   • Retain title to the financed equipment, ensuring ownership.
   • Enjoy tax benefits on the note, enhancing your financial advantages.

Leasing Options:

2. TRAC Lease (Terminal Rental Adjustment Clause):

   • Open-end lease providing flexibility.
   • Lessee is responsible for any shortfall or excess proceeds upon equipment disposition.
   • Agree on Residual Value at the beginning, predicting fair market value at the lease term end.

3. Split TRAC Lease:

   • Similar to TRAC Lease but limits Lessee's potential lease end exposure to a portion of the Residual Value.
   • Structured as a true lease for GAAP and Federal Tax purposes.

4. Fair Market Value Lease (FMV Lease):

   • Low monthly payments and flexibility.
   • May offer tax advantages with up to 100% financing.
   • Options to purchase, return, or continue using the equipment at the end of the lease term.

Benefits of FMV Lease:

• Little or no upfront cost.
• Lower monthly payments compared to $1 out purchase option leases.
• 100% financing may be available.
• Option to return the equipment at the end of the lease without further obligation.
• Significant tax and accounting benefits may apply.

Municipal Lease (Tax-Exempt):

• Known as a lease-purchase agreement for government entities.
• Allows tax-exempt financing with lower interest rates.
• Section 103 of the Internal Revenue Code provides exemptions.
• Features a "non-appropriation of funds" clause for lease termination if funds aren't appropriated for the coming year.

Benefits of Municipal Lease:

• Lower cost alternative to traditional bond financing.
• Fixed tax-exempt interest rates for the lease term.
• Complete ownership and clear title to the equipment at the end.
• Lease payments considered an operating expense, not long-term debt.

Why Choose Wheelchair Vans, Inc:

• Extensive financing and refinancing options for new and used equipment.
• Terms ranging from 24 to 120 months.
• Competitive fixed and floating rates.
• Up to 100 percent financing available.
• Seasonal and skip payment structures.
• Application-only programs.
• Dealer wholesale and retail finance programs.
• Expert support for loan, lease, and municipal lease financing.

Contact us to explore tailored financing solutions for your business needs at 949-664-1146 or sales@949vans.com. Wheelchair Vans, Inc. is here to support your business growth with flexible and competitive Commercial NEMT Wheelchair Vans Loans and equipment leasing.