Step 2: Get Pre-Qualified for Financing
Too many pilots search for the perfect aircraft, and then have it sold out from under them while they are making their financial arrangements. You don't want your dream aircraft to be owned by someone else!
We recommend you get pre-qualified right now! There are many aircraft lenders that can pre-approve you over the phone in as little as fifteen minutes, or you can apply online. Once you have been pre-approved, you are under no obligation to use the loan; it will just be there for you if and when you need it.
Most lenders require a minimum of 10% down with a 10-20 year loan. These aircraft lenders offer a low monthly payment with outstanding repayment terms. Some offer additional pilot incentives as well.
Some local banks also handle aircraft loans. Usually these lending institutions are less experienced with aircraft loans and can
often cause delays, however this is not always the case. If you prefer to use your local bank you should contact
their lending department directly.
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