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MSS™ Program Advantages Over Outright Purchases

Why use MSS’s™ Individualized Transportation Service (ITS)™ programs over an outright purchase?

  • Eliminates large capital purchase outlay allowing Trust or Worker’s Compensation  funds to be utilized to meet other needs or for investment purposes
  • Eliminates potential SNT Trust liability via no title or ownership concerns
  • Assures fair pricing of the underlying vehicle compared to the general local mobility dealer market
  • Safety....all MSS packages are provided by nationally recognized mobility manufacturers which fully crash test the vehicles and assure quality via the Quality Assurance Program (QAP)
  • One easy monthly payment includes the vehicle, 60 month bumper to bumper warranty on the vehicle and accessible equipment, full maintenance program and insurance coordination. Maintenance costs are “capped”.
  • Protects against vehicle depreciation
  • Regular replacement of the vehicle and updated accessible equipment
  • Assures a virtually trouble free vehicle for the individual who experiences a disability and their family
  • Hedge against inflation…MSS™ packages are purchased with today’s dollars. Future monthly payments do not increase over the life of the initial package purchased.
  • Potential tax advantages….monthly payments may be fully deducted as “medical/accessible transportation” via IRS publication 907. Check with a qualified CPA to inquire about the potential advantages.
  • Eliminates vehicle disposal issues upon death of trust beneficiary, trust termination or vehicle replacement.
  • More cost effective than an outright purchase

 

MSS™ Financial Analysis

Sample Financial Analysis:

Retail for a safety crash tested quality assurance Tuscany Full Size Accessible Vehicle as provided in the MSS Inclusion™ package has an average retail cost of $54,832. Our MSS Inclusion™ package provides a better comparative value over an outright purchase of the vehicle.

Traditional Outright Purchase                              MSS Inclusion Package™


Five year monthly cost: $914

Five year monthly cost: $1300

Initial  Cost: $54,823+

Initial One Time Down Payment: $4425

3 Year Warranty

5 Year Warranty

Maintenance Plan Not Included

Full Maintenance Plan Included

Road Side Assistance Not Included

Road Side Assistance Included

No Liability Protection for Trust

Liability Protection –No Title held by Trust

Reduction of potential investment return: $3289/yr or $274/mo

Reduction of potential investment return: $206/yr or $17/mo

1) The $54,823+ cash outlay reduces the trusts investment return possibilities as the funds are no longer available for investment in assets which may appreciate. If you assume a conservative 6% annual rate of return the trust investment income is reduced by approximately $3289 per year or $274 per month.
2) The initial one time cash outlay of $3425 reduces the trusts investment return possibilities as well but at a significantly lower amount.  If you assume a conservative 6% annual rate of return the trust investment income is reduced by approximately $206 per year or $17 per month.

*** Insurance, tax, title and registration fees not included. These costs will vary State to State and case by case.

 

 

Mobility Support Systems, LLC