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Question about term lengths for aircraft loans
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May 9th 08, 11:50 PM posted to rec.aviation.piloting
Peter Clark
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Posts: 538
Question about term lengths for aircraft loans
On Fri, 09 May 2008 16:24:23 -0400,
wrote:
To do some very preliminary budgeting for purchasing an older single
engine aircraft, I need an idea of how long of a term that a finance
company might provide for a 30 year old aircraft. I suspect there must
be a typical limit for aircraft over a certain age.
Does anyone have information that can get me in the ball park?
Is it possible to get a 15 year or even a 20 year loan on a 30 yo
plane?
I got quoted 20 year fixed 20 year term from Airfleet Capital on a
1979 airplane. Cessna Financing seems to use 12 year terms for
everything nowadays. It might depend on the amount financed too.
You'll probably have to call somewhere directly and ask.
Peter Clark
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