More Options, Better Guidance: Financing Your LSA or Experimental Aircraft

The new MOSAIC regulations that became effective on October 22^nd have made it possible for Sport Pilots to fly a wider range of aircraft.  This wider range includes the Light Sport classification, for which Sport Pilots already had privileges, but it adds some aircraft in the Experimental and Standard classifications as well. As a result, Sport Pilots may now be incentivized to purchase aircraft outside the Light Sport classification.

With a much larger list of aircraft for Sport Pilots to consider for ownership, it is a great time to give AOPA Finance a call. Let’s have a conversation about the aircraft you would like to purchase. AOPA Finance has multiple lending options for aircraft that fall under the MOSAIC regulations, and many of these aircraft qualify for standard rates and terms. This includes financing for factory-built LSAs, completed kit builds, and other experimental aircraft.

With our experience in the LSA and experimental market, we can tell you what the likely terms and rate will be, and what that structure is going to look like. For example, if you’re looking at some of the more common experimental aircraft, like a Vans, Lancair, Glasair, or a Carbon Cub, we have financing options with a 15% down payment and terms between 15 and 20 years.  These are similar terms to what is available for a Cessna 172, a Mooney M20, or a Beech A36. Interest rates for these aircraft would be similar as well.

AOPA Finance has multiple lenders available with competitive financing for less-common aircraft, too. Down payment requirements and interest rates are often slightly higher than what is seen for the more common aircraft listed above. Terms for less-common also tend to be different than what is seen in other sections of the market, and are often between 10-15 years.  Whether you are interested in something a little more unique or a little more common, we have great financing options to help make that purchase a reality.

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.