WAV Finance Explained
We understand that buying your wheelchair accessible vehicle is a big commitment, which is why on this page we will give you some insight into the finance options that we are offering.
Need help paying for your WAV?
There are many ways to pay, which we’ll outline below.
We work with a number of finance partners and so if you are looking to lease your new vehicle, or you just want to discuss the options available to you, give us a call and we will be more than happy to help.
2. Cash Payment
We’re happy to take bank transfer payments for your vehicle in full. You can pay outright and full ownership of the vehicle will be transferred to you.
3. Motability Scheme
The Motability Scheme helps disabled people to use their Mobility Allowance to lease a car, scooter, powered wheelchair or wheelchair accessible vehicle. If you receive any of these benefits, you could be eligible:
- Higher Rate Mobility Component of Disability Living Allowance (HRMC DLA)
- Enhanced Rate of the Mobility Component of Personal Independence Payment (ERMC PIP)
- War Pensioners’ Mobility Supplement (WPMS)
- Armed Forces Independence Payment (AFIP)
This can then be used on either a New or Nearly New WAV, and at times will require an Advance Payment (similar to a cash deposit). A Motability lease will last either 3 or 5 years depending on the vehicle, and includes benefits like servicing, insurance and breakdown cover as part of the package.
4. Financial Assistance in the form of a Grant
Motability is a national charity, therefore they are able, in certain situations, to provide Charitable Grants to disabled people who would otherwise struggle to afford the mobility solution they need.
They will means-test all applications and will talk you through your circumstances and requirements on application. If you’d like to, you can speak to us and we’ll give you more detail or, indeed, help you find a solution where a grant may not be required. If you want to find out more, you can contact Motability on 0300 456 4566 (number charged at national rate).