New York Commercial Vehicle Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Commercial Vehicle Accident Loans in New York
Commercial vehicle accident loans in New York refer to pre-settlement funding provided to plaintiffs involved in accidents with commercial vehicles. These are essentially non-recourse advances given to an individual based on their prospective car accident settlement.
Imagine being in an unfortunate accident with a commercial vehicle. You’re compelled to halt work due to your injuries, the bills are piling up, and yet, the legal battle is in progress, delaying your rightful compensation. This is where a car accident loan steps in. It acts as a lifesaver to help you stay financially stable until your lawsuit is resolved.
Non-recourse here translates to no risk for the plaintiffs. If you win the lawsuit, the advance payment is paid back from the settlement amount. But if the decision doesn’t fall in your favor, there’s no obligation on your part to repay the loan.
The procedure is extremely straightforward. On LawsuitLoans.io, one can apply for a loan, and if approved, the funds are immediately wired to them. This financial safety net gives plaintiffs the much-needed peace of mind while navigating through the complex litigation process.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in New York
Car accident loans in New York are pre-settlement funding options for plaintiffs of personal injury cases due to car accidents. They provide the financial bridge while you’re waiting for your case to resolve. Keep reading to learn more about how car accident loans work in this state.
| Average car accident loan amount by LawsuitLoans.io in New York | $17,713.29 |
| Largest car accident loan by LawsuitLoans.io in New York | $191,721.27 |
| Average interest rate in New York | 20.6% |
| Median personal injury verdict in New York | $287,628.00 |
| New York statute of limitations | 3 Years; Civil Practice Laws and Rules Art. 2 Section 214 |
| New York fault laws | New York is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Commercial Vehicle Accident Loan in New York?
Knowing if you are eligible for a commercial vehicle accident loan in New York is important. You might be asking – what exactly makes me eligible for such a loan? The good news is that the eligibility criteria for car accident lawsuit loans are straightforward and easy to understand.
The most critical factor is that every commercial vehicle accident claim involves either a high-insurance policy or a self-insured entity. This means that there is a clear party from whom a settlement or judgment can be obtained, which assures us that a potential source of funds exists.
However, this alone is not enough. Another key piece of the eligibility puzzle involves legal representation. In order to qualify for a car accident lawsuit loan, you must have an attorney working on your case on a contingency basis. This ensures that you have strong legal support fighting for your rights and getting you the settlement you deserve.
One last point to consider: the applicant must also be at least 18 years old to be eligible for these claims. These criteria ensure that both parties are protected and that we are complying with all necessary laws and regulations.
In summary, if you are involved in a commercial vehicle accident claim, have an attorney hired on a contingency basis, and are over 18 years old, then you meet the basic criteria for obtaining a car accident lawsuit loan from LawsuitLoans.io. For more information or to apply, please visit our lawsuit funding application page or feel free to call us at (800) 340-4973.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
How Much Money Can I Get From my Commercial Vehicle Accident Pre-settlement Loan?
If you are dealing with a commercial vehicle accident and looking into pre-settlement loans, you might be wondering how much money you could possibly get. At LawsuitLoans.io, we range our lawsuit loans from $500 to over a million dollars. For ongoing cases, we can offer up to 25% of your expected portion of the settlement. If your case has already settled, we may even be able to provide you with up to half of the expected sum.
For instance, let’s consider a plaintiff based in New York who is involved in a commercial vehicle accident. The estimated value of their claim comes out to be roughly $500,000. However, their case is still in progress and won’t be settling any time soon. Typically, medical providers and attorneys each get about one-third of the settlement, and as a result, our plaintiff would receive approximately $170,000. In such a scenario, we would be able to advance around 25% of that amount, which equates to $42,500.
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Apply today and get funds in as little as 24 hours!
What Types of Commercial Vehicles are Frequently Involved in Cases we Fund in New York?
Commercial vehicles are used by businesses for transport, either of goods or customers. In New York and elsewhere, commercial vehicles are often involved in accidents leading to legal claims. Here at LawsuitLoans.io, we fund a variety of cases involving different types of commercial vehicles. This includes but is not limited to:
Taxis
Taxis are a common sight on the busy streets of New York. Unfortunately, accidents involving taxis can lead to legal claims.
Buses
Both city and inter-city buses form an essential part of New York’s transportation system. Incidents involving buses can result in hefty personal injury claims.
Trucks
Many companies use trucks for their logistical needs. Truck accidents can lead to serious injuries which may result in significant legal claims.
Delivery Vehicles
With the rise of online shopping, more delivery vehicles are on the road than ever before. Accidents involving these vehicles mean more legal claims come our way.
Rental Cars
Rental cars are common in the city of New York and their accidents also contribute towards legal claims.
At LawsuitLoans.io, we fund lawsuits involving privately or commercially used vehicles of any kind. Whatever the type of vehicle involved in your accident, we are here to support you financially while you work through your legal case.
Roadway Accident Cases we Fund in New York
We fund almost any type of roadway accident in New York. Below are some types you may want to know about:
- Bicycle Accident Loans: We provide funds for cases involving bicycle-related accidents.
- Car Accident Loans: Car accidents can be very troubling, and we’re here to help fund your case.
- Commercial Vehicle Accident Loans: In cases involving commercial vehicles, we can provide the funding needed while you wait for a resolution.
- Semi Truck Accident Loans: Semi truck accidents cases get our support with funds too.
- Government Vehicle Accident Loans: Even in cases involving government vehicles, LawsuitLoans.io can provide funding.
- Motorcycle Accident Loans: Motorcycle riders also get our support when they face accidents.
- Pedestrian Accident Loans: If a pedestrian accident has occurred, we can help fund your case.
- Rideshare Accident Loans: We also offer financial support for cases involving rideshare accidents.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Other Cases we Fund in New York
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New York. Read more about the personal injury cases we fund in New York here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in New York here: