I have never attempted to finance an airplane but it is definitely a consideration if/when we move up to bigger or faster. If you do not mind divulging the following it would be appreciated if you could share the answers to the following general questions:
1- What percentage of the purchase price was the minimum requirement for the down payment?
2- What is the typical length of the loan?
3- What is the typical interest rate?
4-Did the lending institution charge for an appraisal?
5- Any additional costs of fees to consider?
Not looking for the specifics regarding your purchase. Just some general rules of thumb from the bank that you would be comfortable sharing.
Thank you very much in advance!
Last edited by Anthony_Balestrino; 09/14/18 05:07 PM.
