Financing a Citation Jet

Adam Answers in February's edition. 
Ground photography of the Textron Cessna Citation CJ3 with its gear extended, flown by Mike Filucci and Luz Beattie. Frederick Airport (FDK) Frederick, MD USA

Q: I’m looking to finance a Citation. The current owner does not have it on an engine program. Will that be a problem with the lenders when I try to finance?

A: Generally, the best financing options are available to turbofan aircraft enrolled on an engine program. We still have plenty of options for those not enrolled in a program. Lenders are able to get comfortable without engine programs by either requiring a larger down payment, setting up a reserve account at the bank to cover maintenance, or sufficient cash reserves to cover maintenance and/or overhauls. We can always discuss your options with a quick call. Please call me at 800.627.5263.

Adam Meredith

Adam Meredith

President of AOPA Aviation Finance Company
Adam Meredith, President of AOPA Aviation Finance Company, is an aircraft finance professional with more than 15 years lending, small business management and customer service experience. Adam is a commercial pilot with multi-engine and instrument ratings.
Topics: AOPA Aviation Finance Co, AOPA Products and Services, Ownership

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