Question: Does AOPA Finance offer any options for a flight school aircraft purchase? I’d be looking for a one year loan of $100,000 to purchase a 1977 Piper Archer.
Answer: We have limited options for aircraft being used by a flight school. Our lenders are typically limited to aircraft purchased for personal use, but made available to a flight school through a leaseback agreement. Terms for a leaseback are typically between 10 and 12 years, with a minimum down payment of 25% to 30%, depending on the aircraft and lending option available. Financing for a leaseback to a flight school often has very specific requirements, so please give us a call and we’ll be happy to discuss the details with you.
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 financing source with people on your side, call 800.62.PLANE (75263) or click here to request a quote.