Glider Financing

A Long long time ago I approached my employers Credit Union to finance a Sailplane. This well known Seattle Aircraft Manufacturers Credit Union bluntly told me that they don't finance Aircraft.....

Paul, that's funny.

Since then they do now finance aircraft, but not sailplanes. It was
really kind of funny because the Everett Branch had a sailplane
hanging in the lobby with a picture of it flying down below and an
advertisement saying that they now offer aircraft financing. I pursued
them for my first glider purchase and got as far as the question "How
much horsepower?" and when I said zero, they looked at me weird, and
said they don't finance aircraft without engines. I tried to call them
out on it's still an aircraft per the FAR's, and you advertise
aircraft financing.

My honest guess is they are using prepackaged financing software where
the horsepower of the aircraft somehow relates to it's value, and when
they can't put a number in it, they just freak.

-Kevin

On Tuesday, June 11, 2013 12:09:08 PM UTC-5, Kevin Finke wrote:
Paul, that's funny. Since then they do now finance aircraft, but not sailplanes. It was really kind of funny because the Everett Branch had a sailplane hanging in the lobby with a picture of it flying down below and an advertisement saying that they now offer aircraft financing. I pursued them for my first glider purchase and got as far as the question "How much horsepower?" and when I said zero, they looked at me weird, and said they don't finance aircraft without engines. I tried to call them out on it's still an aircraft per the FAR's, and you advertise aircraft financing. My honest guess is they are using prepackaged financing software where the horsepower of the aircraft somehow relates to it's value, and when they can't put a number in it, they just freak. -Kevin

you just need a motorglider...

Did we decide not to explore parterships or syndicates?

Back in '92 two of us sold our gliders (an ASW-19 and a G-102) and bought an
LS-6a which neither of us could have afforded alone. With the sale of the
two gliders, he was set and I had to add $500. We drove together from
Denver to Chicago to pick up our purchase and we had a great time for the
next 5 or 6 years.


"Paul Cordell" wrote in message
...
A Long long time ago I approached my employers Credit Union to finance a
Sailplane. This well known Seattle Aircraft Manufacturers Credit Union
bluntly told me that they don't finance Aircraft.....

Dan -

This is not about "ways to finagle glider ownership".

It's about this being another barrier to entry in a sport that has too many already. It's about a ridiculous situation that doesn't exist for almost any other type of recreational vehicle. There is NO REASON why a person should be forced into any of these "alternate solutions", just to try to accomplish what any Joe-Schmoe can already do with a car, airplane, motorcycle, boat, or RV.

--Noel