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Old May 9th 08, 11:50 PM posted to rec.aviation.piloting
Peter Clark
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Posts: 538
Default 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.