Financing an Aircraft: Using a Broker Helps

As this is being written the stock market is in record territory, aircraft insurance rates are at record lows, the Fed has just started to raise interest rates out of the basement, the economy is at full employment and the incoming administration is promising to cut taxes while spending massive amounts on economic stimulus. Is this a great time to finance an airplane or what?

As this is being written the stock market is in record territory, aircraft insurance rates are at record lows, the Fed has just started to raise interest rates out of the basement, the economy is at full employment and the incoming administration is promising to cut taxes while spending massive amounts on economic stimulus. Is this a great time to finance an airplane or what?

Our crystal ball is foggy; we don’t know if promised financial deregulation will spur the economy or blow it up via the savings and loan debacle or Wall Street monetizing mortgages. What we do know is that aircraft loan rates are still at historic lows, aircraft prices have been stable and banks that make aircraft loans are competing for your business.

Rick Durden

Senior Editor Rick Durden has written for Aviation Consumer since 1994 and specializes in aviation law. Rick is an active CFII and holds an ATP with type ratings in the Douglas DC-3 and Cessna Citation. He is the author of The Thinking Pilot’s Flight Manual or, How to Survive Flying Little Airplanes and Have a Ball Doing It, Vols. 1 & 2.