Question: I recently financed my 2001 Cirrus CR22 through AOPA Finance. Should I be concerned about the value of my airplane given the current market volatility?
Answer: At this point, the data we’ve been tracking is showing that inventory of single engine aircraft (like the SR22) is not only very constrained but in most cases shrinking. We at AOPA Finance, have seen demand slightly less, but not enough to offset the decrease in supply in such a meaningful way as to cause prices to come down. That said, if this crisis takes much longer than anticipated, prices will eventually come down. However, prices are always “sticky on the downside.” Meaning it takes a while and a lot for that to happen.
Question: In your opinion, what needs to happen in order to increase the inventory in the used aircraft market? I’ve been looking for the last 2 months, but I’m having trouble finding the right Beech Bonanza 35.
Answer: Not until and unless more new planes are being sold OR more used aircraft are being upgraded OR more people decide not to fly will this likely change soon. Let’s hope the latter does not happen.
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.
Part 2: What Type of Rate Should I Expect Right Now? Part 4: Impact COVID-19 Has on Timelines
