"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.