Question: What are the current average finance rates? Length of term years? $200,000, $300,000, and $350,000 loan amounts. Is a down payment expected?
Answer: Aircraft loan rates have risen over the past year and rates are currently between 6.99-9.99%*. For a loan amount of $200,000 to $350,000, you can expect rates from 7.1- 7.24%* with a loan term of 15 to 20 years. Aircraft lenders will require a minimum down payment of 15%. Variables that may change the rate and term of an aircraft loan include aircraft make and model, aircraft age, and usage. Please feel free to call us so we can discuss your loan options in more detail.
*This loan rate information is valid as of 4/16/2024 and is subject to change.
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