Finance Calculator
A good metric to benchmark aircraft interest rates is the WSJ prime rate.
Depending on the aircraft age and use, you can expect a variation from prime of +/- 3%.
Most lenders require a 15-20% down payment.
Depending on the age, type of aircraft, and whether it is for personal use or charter, that percentage will vary. The best way to find out your down payment needs is to reach out to us to connect with one of our aviation finance specialists.
Typically, terms are between 10-20 years.
Those terms will vary depending on the age and use of the airplane and will vary by model. If you want shorter terms, we do have lenders that can work with you to achieve your payment goals.
You might have some questions about financing an aircraft, and thats okay!
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Apply using our online application (link), submit documents, and then get approved! The fastest and easiest aircraft financing process. We have a step-by-step process that you can find here (link back to the process page).
The short answer is “probably not.” Most banks don’t understand aviation financing or how to underwrite planes. We have access to capital markets that do understand airplanes, and want to get you approved to fly.
Financing an airplane is much closer to financing a home than it is financing a car, an RV, or a boat. The documentation process and underwriting process cause for it to often times be frustrating, but by using our online application and high-touch service, we make the process much more enjoyable.
At Flying Finance, we’re your trusted partner in aviation financing. With a deep understanding of the aviation industry and a commitment to making your dreams take flight, we provide tailored financing solutions for business jets, piston aircraft, turboprop aircraft, helicopters and more. A financier who understands aviation.
605 Chestnut Street, Ste 800, Chattanooga, TN 37402