NAFA member, Jason Zilberbrand, President & CTO of VREF, discusses aircraft loans.
Getting a loan for an aircraft of your choice can be an endeavor; however, financing is an available option (of course, depending on a few factors).
You might first assume that obtaining a loan for aircraft is a similar process to buying a car. In reality, funding your plane through a lender follows more closely with buying a home.
The time frame is longer. Lenders offer different rates depending on your net worth, credit history, and aircraft model. How you plan to use the airplane can also be a consideration. There are also more types of lenders than one might be aware of, from large banks to regional credit unions. We will go through them all.
This article was originally published by VREF on July 7, 2021.
