Question: Hello, I've got a c172f I've had for 30-plus years and I'm told I need the 0300D overhauled. The overhaul all in is $43K and I'm thinking I might have some panel work done as well. I am thinking of asking for a $53K loan. Assuming that's something AOPA Finance does, how do I go about starting the application?
Answer: Yes, we have options for engine and avionics financing. AOPA Finance will prepare a valuation as is and a second valuation with the proposed upgrades. Lenders will finance up to 70% of the aircraft value post-upgrade. The funds for the upgrades will be held in escrow until completion and then dispersed directly to the shop. We recommend setting escrow up with Aero-Space Reports, AOPA’s strategic partner. Please reach out to us at 800.627.5263 if we can answer any more questions about upgrades and the financing process.
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