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Aircraft Financing

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yellowbird1

Joined: 01 Nov 2012
Posts: 88

Posted: Fri Apr 26, 2013 10:43 pm Post subject: Aircraft Financing

I'm in the market for a used Kolb and am exploring all financing options as I unfortunately don't have that kind of cash sitting around. What better place to ask than my hopefully soon to be fellow Kolbers. So a few questions:

1. How did you finance your airplane?

2. If it was through an aircraft financing company, which one?

3. How was the experience?

4. Lessons learned (or suggestions)?

Thanks in advance, 



Sent from my iPad



Brad

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_________________
Brad Nation,
Albuquerque, NM
MK3 Xtra

ceengland7(at)gmail.com
Guest

Posted: Sun Apr 28, 2013 6:51 am Post subject: Aircraft Financing

On 04/27/2013 01:42 AM, Brad Nation wrote:

 	  Quote: 	
		   



 I'm in the market for a used Kolb and am exploring all financing options as I unfortunately don't have that kind of cash sitting around. What better place to ask than my hopefully soon to be fellow Kolbers. So a few questions:

 1. How did you finance your airplane?

 2. If it was through an aircraft financing company, which one?

 3. How was the experience?

 4. Lessons learned (or suggestions)?

 Thanks in advance,



 Sent from my iPad



 Brad



I'm not much for borrowing money to pay for toys. But if that floats 
	


your boat, two thoughts:



1. Use other collateral. House (shudder...), paid for vehicle, boat, 

etc. Nothing paid for? See 1st sentence.



2. Your local credit union. When I was...um...less militant about 

borrowing for toys, I borrowed from my company credit union for an RV-4. 

They gave me the same rate as for a motor home or camping trailer. They 

will, of course, require an appraisal to establish value of the plane 

and hull insurance on the plane. See 1st sentence.



Charlie

- The Matronics Kolb-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?Kolb-List

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