Question: Hello Adam, I have been an AOPA member for about thirty years. I am building a Kitfox ss7. I paid cash for the kit, about $51,000.00. I am looking for an engine and propeller for about $30 to $35k as I get further down the road. Does AOPA finance those items? They would be new. Just curious.
Answer: We have multiple lenders that can finance experimental aircraft, however, at the current time none of our lending options will finance an incomplete aircraft. The best option for financing is to complete the aircraft using your own funds or some type of short-term financing you have available. Once the aircraft is completed and airworthy, our lenders would be able to provide a reimbursement loan for your cash expenses, or refinance your short-term loans into a standard aircraft loan.
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.