Financing for Experimental Aircraft

[James Keane]

Gang,

I am peparing to purchase a Long EZ (a very nice one, at that). While
I have the cash, I figure I'm better financing a portion of hte
airplane for various reasons (likely 60-70%).

Am I going to have difficulty finding a lender for an Experimental
category aircraft that is already built and flying? Does anyone know
of any preferred providers?

Thanks,
James

[Elwood Dowd]

I recommend talking to Mike at First Pryority Bank
<http://www.1st-of-pryor.com/>. I don't *know* that they can help, but
if they can't I would be very surprised.


James Keane wrote:
> Gang,
>
> I am peparing to purchase a Long EZ (a very nice one, at that). While
> I have the cash, I figure I'm better financing a portion of hte
> airplane for various reasons (likely 60-70%).
>
> Am I going to have difficulty finding a lender for an Experimental
> category aircraft that is already built and flying? Does anyone know
> of any preferred providers?
>
> Thanks,
> James

[Mike Rapoport]

Assuming that you own a house, you would be better off borrowing the money
against that. You can write off the interest and the rate will be lower.

Mike
MU-2


"James Keane" > wrote in message
m...
> Gang,
>
> I am peparing to purchase a Long EZ (a very nice one, at that). While
> I have the cash, I figure I'm better financing a portion of hte
> airplane for various reasons (likely 60-70%).
>
> Am I going to have difficulty finding a lender for an Experimental
> category aircraft that is already built and flying? Does anyone know
> of any preferred providers?
>
> Thanks,
> James