how do you owner finance an airplane? - Mortgagefit

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how do you owner finance an airplane?

I have an airplane for sale and a prospective buyer but due to the time (calendar) since the last engine overhaul, the two lenders he approached are requiring some additional cost which he is unwilling to pay. I agree with him. The costs are outrageous and unreasonable. I would like to offer owner financing but I'm not sure how to cover all the bases. The amount is $60,000.

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Anonymous's picture

Anonymous (not verified)
20-07-2015

1 Answers

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You can always switch over to a new lender and find out about his/her requirements, if the present ones are pestering you too much. Or else financing an aircraft is same as any lending requirements of Credit, Character, Collateral, and Capacity.

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Caron | Asked on 2015-07-21

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