When you are preapproved for an aircraft loan, the lender will provide a specific dollar limit that it is willing to lend you based on your financial situation. You can usually lock in the rates for a specific period.
1. helps you narrow your search. When you apply for a loan in advance, you will have a financial dollar limit and a set plan for the type of aircraft. You’ll know exactly how much you are able to spend.
2. find that one airplane that’s exactly right for you. Maximize your time to search and research airplanes that fit your mission.
3. You can avoid the broken heart of finding the right airplane, only to find out you aren’t approved for that amount of money. Also, certain aircraft can require more stringent financing terms, making the purchase impractical.
4. with a preapproved loan, the seller has confidence that the sale won’t fall through. When there are multiple offers, the seller is more likely to go with the buyer who has been preapproved because there should be no surprises down the road.
5. You’ll have a faster closing. With paperwork and application processing completed, you will be able to move quickly to the prebuy inspection and the purchase.
AOPA Aviation Finance can help you get preapproved loans. All net income goes back to AOPA to protect our freedom to fly, support general aviation, and grow the pilot population. Visit the website or call 800-62-PLANE (75263).
A complete list of member benefits is online.
Membership. Modify your student trial membership or take the next step and become an official member of AOPA. You’ll continue receiving all of the following great benefits, services, and discounts while supporting the organization protecting your right to fly. Student members can join AOPA at a special reduced rate of just $35 (www.aopa.org/membership/membership-options.aspx).
Flight Training helpline. Dedicated toll-free number (888-232-7456) for student pilot members to call for support, advice, and answers to help you reach your flight training goals.
Advocacy. Taking on regulatory and legislative threats to GA at national, state, and local levels has remained the association’s primary focus for 75 years (www.aopa.org/advocacy).
Magazines. As a student member you’ll receive Flight Training magazine (print or digital). When you renew your membership, you’ll have the option of selecting AOPA Pilot (flighttraining.aopa.org).
Newsletters. Customizable weekly email newsletters offer aviation industry news, information, and tips. Sign up online (www.aopa.org/news-and-video/
newsletters.aspx).
AOPA Air Safety Institute. A wide array of interactive online courses, safety quizzes, webinars, and seminars to help you increase your knowledge and become a safer pilot (www.airsafetyinstitute.org).
AOPA Live. Weekly webcast show recaps the week’s news and showcases aviation feature stories (www.aopa.org/aopalive).
Car rental discounts. AOPA members save on car rentals with our strategic partners: Enterprise, National, and Alamo (www.aopa.org/cars).
AOPA Lifestyles Collection. Save money with exclusive members-only discounts and special offers from top aviation and nonaviation companies (www.aopa.org/lifestyles).
Renter’s insurance. A renter’s policy with AOPA Insurance Services provides comprehensive coverage (www.aopainsurance.org/nonowned).
CFI insurance. Whether you’re an instructor/owner, borrowing or renting aircraft, full-time or part-time, we can provide comprehensive coverage for both professional and personal use (www.aopainsurance.org/cfi).
Life insurance. We also protect you and your loved ones in the air and on the ground with term life insurance, emergency assistance, and AD&D insurance (www.aopainsurance.org/life).
Pilot Information Center. Experienced pilots and CFIs are available on our toll-free helpline (800-872-2672). You can also go online (www.aopa.org/pilot-resources/pilot-information-center.aspx) for access to information most often requested by our members.
Flight planning. Robust flight- planning capability; airport directory information; and aviation weather for your smartphone, iPad, or computer (www.aopa.org/flightplanning).
Weather. Online graphical real-time aviation weather information (www.aopa.org/wx).
Airport information. Online directory with vital preflight information, updated daily (www.aopa.org/airports).
Legal and medical help. AOPA Legal Services Plan/Pilot Protection Services safeguards pilot and medical certificates from FAA action (www.aopa.org/pps).
AOPA Foundation. Your tax-deductible donation provides funding for important work that membership dues alone cannot support: safety, education, growing the pilot population, preserving airports, and providing support for good work being done in general aviation (www.aopafoundation.org).
AOPA aviation finance company. Whether you’re purchasing an airplane for personal travel or your business, we can help you find the right financing for new and used general aviation aircraft (www.aopafinance.com).
Aviation job board. Find your career in aviation or the best candidates to complete your team (http://jobs.aopa.org).
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