financing

[Todd]

I'm a new pilot thinking about buying an old plane. What are typical
interest rates and terms for financing? Looking for a cessna 152 or
172.

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[Ben Smith]

Home equity line of credit it what I did.

--
Ben
C-172 - N13258 @ 87Y


"Todd" > wrote in message
...
> I'm a new pilot thinking about buying an old plane. What are typical
> interest rates and terms for financing? Looking for a cessna 152 or
> 172.
>
> *** Sent via http://www.automationtools.com ***
> Add a newsgroup interface to your website today.

[Dan Thompson]

Grab a copy of Trade-A-Plane. The aircraft lenders all advertise there and
post their rates, etc. All will be the same within a fraction of of a
percent.

None of us can guess what terms you could get without evaluating your
credit. Please post a balance sheet, and we'll help you out.

"Todd" > wrote in message
...
> I'm a new pilot thinking about buying an old plane. What are typical
> interest rates and terms for financing? Looking for a cessna 152 or
> 172.
>
> *** Sent via http://www.automationtools.com ***
> Add a newsgroup interface to your website today.

[Tony]

My dad did a Home equity line of credit loan also. That seems like the
way to do it. (If you own a home)

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[John Galban]

Todd > wrote in message >...
> I'm a new pilot thinking about buying an old plane. What are typical
> interest rates and terms for financing? Looking for a cessna 152 or
> 172.

Contact Mike Jacobs at http://www.1st-of-pryor.com/ . He knows
airplane financing and also runs one of the better Piper listservs.

Looks like the current rates are between 7.99% and 8.25%, depending
on the plane and loan amount.

John Galban=====>N4BQ (PA28-180)

[Steven Barnes]

We just financed through AOPA (MBNA, actually) on our PA28-180. Got 7.5% for
15 years. Could have been 7.25% if we would have paid a $200 closing fee.


"John Galban" > wrote in message
om...
> Todd > wrote in message
>...
> > I'm a new pilot thinking about buying an old plane. What are typical
> > interest rates and terms for financing? Looking for a cessna 152 or
> > 172.
>
> Contact Mike Jacobs at http://www.1st-of-pryor.com/ . He knows
> airplane financing and also runs one of the better Piper listservs.
>
> Looks like the current rates are between 7.99% and 8.25%, depending
> on the plane and loan amount.
>
> John Galban=====>N4BQ (PA28-180)

[Dave Stadt]

"John Galban" > wrote in message
om...
> Todd > wrote in message
>...
> > I'm a new pilot thinking about buying an old plane. What are typical
> > interest rates and terms for financing? Looking for a cessna 152 or
> > 172.
>
> Contact Mike Jacobs at http://www.1st-of-pryor.com/ . He knows
> airplane financing and also runs one of the better Piper listservs.
>
> Looks like the current rates are between 7.99% and 8.25%, depending
> on the plane and loan amount.
>
> John Galban=====>N4BQ (PA28-180)

You can get home equity loans for 3.5 to 4%. The rate is variable but
probably won't get to the above rates for quite a few years.

[Jeff]

I got 6.25 on my plane through MBNA


Todd wrote:

> I'm a new pilot thinking about buying an old plane. What are typical
> interest rates and terms for financing? Looking for a cessna 152 or
> 172.
>
> *** Sent via http://www.automationtools.com ***
> Add a newsgroup interface to your website today.