PPRuNe Forums - View Single Post - Aircraft financing - how does it work?
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Old 21st December 2009 | 07:59
  #22 (permalink)  
AdamFrisch
 
Joined: Sep 2006
Posts: 1,631
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From: Los Angeles, USA
I understand that, obviously.

I was more after what the terms are. Is it like a car loan where you have to pay the remainder after 36 months? Or does it run over a longer period? What's the interest rates etc? Cash deposits?

Also, it's very likely that the aircraft you're buying comes from somewhere abroad, so you have to be able access the funds as it's not going through a dealer. How does that practically work? Does the aircraft need inspection by the lender, etc, etc.

I wanted some shared experiences, but it's clear that no one on this forum has financed their aircraft this way.
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