Question: What percent down payment is typical when financing an airplane in the range of $100,000? Because of the tax implications, I would prefer to finance an airplane as opposed to taking money from an IRA.
Answer: Lenders will be looking for a minimum down payment of 15%. There are factors such as usage, aircraft age, and aircraft valuation that may cause the down payment percentage to be higher. We would be happy to give you a quote for your specific needs. Give us a call at 800.627.5263.
