Aircraft financing is different from ordinary consumer lending. Lenders may consider aircraft type, age, logbook condition, buyer credit, down payment, intended use, and market value.
Common Financing Factors
- Down payment amount.
- Aircraft age and condition.
- Purchase price compared with appraised value.
- Complete logbooks and title status.
- Insurance availability.
- Personal or business use.
Before Making an Offer
Buyers should speak with lenders and insurance providers before committing to a purchase. Financing or insurance problems can stop a transaction even when the airplane looks attractive.