Aircraft financing is a small subset of the overall vehicle financing market, and helicopter financing is an even smaller submarket of that. Since there aren't as many helicopters as there are airplanes, fewer lenders are interested in providing financing for them. Thankfully, AOPA has good relationships with those that do.
If you are looking for financing, one category of rotorcraft that lenders aren’t currently able to finance is the experimental classification. We recommend limiting your search to standard-class, certificated makes and models to keep financing options open. Additionally, helicopter lenders are the most comfortable financing models from manufacturers that are well-established and common in the marketplace. In other words, pursuing a niche or little-known helicopter purchase could create financing complications.
Similar to the multi-engine airplane market, lenders in the rotor wing sphere typically require a 20% to 25% down payment for a piston model. Turbine models usually require 30% down because they tend to be used for commercial or business operations and fly more frequently than helicopters used personally or for recreation. Commercial use examples include pipeline inspections, tour operations, and part-time leaseback to a 135 charter.
Helicopters used commercially often have a shorter loan term along with a larger down payment. For instance, if a lender’s standard loan term offering is 15 years on a turbine helicopter, commercial use may limit the term to 10 years. It’s important to be clear with all parties about what your intended helicopter usage will be.
Robinson helicopters come with a unique, factory-based stipulation—a 12-year, mandatory aircraft overhaul. Not just the engine, but also many components must be overhauled either every 12 years or 2,200 hours.
Ultimately, lending options for Robinsons typically come with terms based on remaining useful life. For example, a brand-new, factory-fresh Robinson helicopter might garner the maximum 12-year term, but a pre-owned Robinson built four years ago will only fetch an eight-year loan term.
One other note: Financing is most available for helicopters newer than 20 to 25 years old, Robinsons included. Lenders very closely scrutinize the viability of any helicopter over 20 years old. At 25 years old, many lenders may not be interested in even considering the aircraft.
Great advice. Great rates. Helpful and responsive reps you can trust. Three good reasons to turn to AOPA Aviation Finance when you are buying or refinancing an airplane. If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (800.627.5263), or click here to request a quote.
