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, the longtime president of AOPA Aviation Finance Co., died after a long battle with cancer in December 2023. He is remembered for his passion for helping fellow pilots, leading a team devoted to putting flight training and aircraft ownership within everyone’s reach.

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