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The Right Approach to
Financing Aircraft for Business Travel

Buying an aircraft for business travel – whether new or used – demands a thorough understanding of the factors at work that could affect your purchase. The stakes are high so it’s prudent to seek guidance from experienced aviation professionals such as the team at AOPA Aviation Finance. Working with members who have been through the process many times over, they have established a breadth of experiences. They will guide you through the process and be on your side. Working with AOPA Aviation Finance is like having your own Aircraft Purchasing Department. Start your financing today by contacting AOPA Aviation Finance at 800.62.PLANE (75263) or via email at [email protected]

We offer:

  • Access to over a dozen different lenders experienced in aircraft financing
  • Financing solutions with low interest rates
  • Best financing terms not always available to the general public
  • Quick decisions and fast time to funding
When we started exploring financing options for our PC-12/47E NG, we began our search at AOPA Aviation Finance. Brian MacBean at AOPA really helped us navigate through the financing process effortlessly and in a very professional manner. Thanks AOPA and Brian!
Larry N.
Larry N.

FAQs about Financing Single-Engine Aircraft

How can I obtain a pre-approval so I have financing in place when I find the right aircraft?

Obtaining a pre-approval is the same process as an approval with the exception of having to provide an aircraft spec sheet. You won’t provide the spec sheet until a specific aircraft has been identified. You will need to provide the lenders with a general loan amount, type and model. Once you receive the pre-approval, the rate will be locked for 30 days, and the approval will be good for 90 days.

What terms should I expect?

Rate and loan terms will be determined largely by the loan amount. Currently, we are seeing loan terms from 5 to 20 years (20 years only available on loans of $75K and above) and rates between 4.38%-7%.  

What does a typical down payment look like?

Aircraft lenders will require a minimum down payment of 15% on aircraft newer than 1960 and 20% for older aircraft.

FAQs about Financing multiengine aircraft

What age of aircraft can I finance?

Typically, our lenders will consider multiengine piston aircraft manufacture from 1970 and newer. Some lenders will make exceptions for older aircraft.

What is a typical down payment?

Depending on the age of aircraft, minimum down payments can range from 15% to 30%.

What terms should I expect?

Most lenders will finance multiengine aircraft for maximum terms of 10-15 years.

FAQS ABOUT FINANCING TURBINE AIRCRAFT

What age restrictions will aircraft lenders have on turbine aircraft?

Our lenders can provide financing on turbine aircraft from 1980 and newer.

Will lenders require a turbine aircraft to be on an engine program?

Yes, most of our lenders will require an engine program. Some exceptions may be considered.

What should I expect in terms of timeline to funding?

Generally, you can expect the process to take about 30 days from start to finish.

Are there any usage restrictions?

Part 91 and 135 usage is considered acceptable to our lenders.

What terms can I expect?

Lenders will base their terms on the age of the aircraft. Standard terms will be 15 year amortization with 5 year term.

What does a typical down payment look like?

Lenders will determine down payment based on aircraft year, make and model, and could be as low as 10%.

Will the aircraft need to be filed with the International Registry?

If the airframe and/or engine qualifies for the IR, most lenders will require that it be filed.
Have additional questions? Feel free to contact us or call us at 800.627.5263.

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