AOPA Aircraft Financing Program now offers no-fee option or lower interest rate

April 3, 2008

AOPA Aircraft Financing Program now offers no-fee option or lower interest rate

AOPA's Aircraft Financing Program now offers aircraft buyers the option of no "up front" fees, preserving cash during the busy early months of aircraft ownership.

The aircraft buyer pays no transaction fees or extra costs to the lender, MBNA America Bank. The buyer's first expense for financing will be the first monthly payment, when due.

MBNA completes a title search at no charge through the AOPA Title and Escrow Service. Aircraft registration is filed with the FAA Oklahoma City registry at no cost to the buyer.

Aircraft buyers can also opt to receive an interest rate that is up to one-half percent lower than the already low "AOPA Member-Only" rate by selecting a "fee option" plan, with only $250 due at closing.

Either option offers AOPA Aircraft Financing Program benefits, including:

  • Competitive interest rates
  • Easy loan pre-qualification by phone in as little as 15 minutes
  • No application fee
  • Convenient Internet applications at www.aopa.org/aircraftfinancing/
  • The longest repayment terms available
  • No aircraft age restrictions
  • Low down payment options
  • Free AOPA membership for the life of the loan, if financing $20,000 or more

Loans are available in amounts from $10,000 up.

AOPA Certified Services such as the Aircraft Financing Program offer aviation-related products and services that harness the group buying power of AOPA's more than 360,000 membership.

Participation in these programs helps keep AOPA dues low and general aviation strong.

AOPA earns a royalty from this and other programs that is reinvested in efforts to promote and defend general aviation—programs such as AOPA Project Pilot and the AOPA Airport Support Network.

More than half of all U.S. pilots are AOPA members.

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June 26, 2000