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.