Aircraft financing - how does it work?
Hi.
This is mainly a question for you who own your own aircraft and have it financed.
I'm reading up and trying to inform myself about aircraft ownership. I'm toying with the idea to some time in the future buy my own plane as the type of flying I want to do isn't really conducive to rental (fly camping, traveling). I've always had a thing for Lake Buccaneers/Renegades and have dreamt about one day having one of those of my own, but they'd have to be financed. A smaller C150 or something I could buy outright which would probably be the most sensible. But why not go for what you really want?
So I have a couple of questions.
How does aircraft financing work? Is it pretty much like car financing? What are the normal deposit percentages and rates you pay?
In this field, are there any recommended players and providers for the UK market and are there ones you've had bad experiences with?
Thanks.
Last edited by AdamFrisch; 19th December 2009 at 10:13.