Financing a 1988 Gulf Stream 1V

Adam answers in January’s edition. 

Question: I am interested in an 1988 Gulfstream 1V. It is refurbished inside in and out with an engine program. Price is around $3,000,000. I will like to make $1,000,000 down payment and would like to know what the longest term I can receive, and approximate interest rates.

Answer: Older jets can often be difficult to finance. AOPA Finance not only has options for older jets but also helps make the process as streamlined as possible. We can offer financing on jets manufactured from 1980 and newer. Terms can range from 3 to 20 years with amortizations from 10-20 years. Down payments will typically average 20-30% for jets older than 15 years. Age, aircraft type, and usage will be the key factors to determine which structures are available. Lenders also require that older jets be kept on the appropriate engine program and preferably a maintenance program as well. Our knowledgeable staff would be happy to assist you in navigating the financing and purchase of your turbine aircraft.

Have questions for Adam? He is happy to answer them. Submit your questions here. Great rates. Great terms. Helpful and responsive reps. Three good reasons to turn to AOPA Aviation Finance when you are buying an airplane. If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (75263) or click here to request a quote.