Turbine Pilot Finance: Your next airplane
Are you ready to buy but can’t find the right fit?
If that happens, take a look at your search. What is it about your dream airplane that is limiting your results? Do you need to shop for similar aircraft that nearly match, but don’t exactly match, your ideal model?
Here’s the good news: In general, there is enough of an aircraft inventory out there that, unless you are looking for something really unique, you should be able to find what you want. If not, there is still a final plan. Find someone who has what you want but has no intention to sell, and make a generous offer—you may be surprised.
Doing so may necessitate an appraisal to justify the value of the aircraft, however. Even if the appraisal comes in at less than what you’re paying, most lenders are still more than willing to provide a loan. Virtually all lenders lend on the lesser of a loan to value or loan to purchase amount. You may just need to put a little more down than you originally were planning.
When the buying fever strikes, AOPA Aviation Finance is here to help you find the lender that is right for your specific purchase. AOPA
Adam Meredith is president of AOPA Aviation Finance Co.
Web: www.aopafinance.org
Related Articles
