djamal-soft
السبت، 28 أكتوبر 2017
Getting a loan to buy anything can be stressful and time consuming. It is always easier to get the money when you can prove to the lender you don't really need it. Any way you look at it, a plane is a major purchase, and not one just any lender is willing to finance. In order to get the best aircraft financing possible, there are some simple steps you can take.
If you are buying your first plane, it might be a good idea to sit down with a financial advisor to get everything in order before you approach a loan officer. The kind of loan you are able to get will depend, in part, on the kind of plane you are interested in. Your advisor will be able to tell whether or not you can qualify for the financing, and if not, what you need to do to make yourself more attractive to financial institutions.
Financial institutions may be more concerned about your ability to repay your loan than they are about exactly what you are going to buy with the money. On the off chance that you fail to meet your obligations however, they want to feel comfortable that the plane is worth the money they loaned you. If you are interested in an older plane, getting a decent loan may be more challenging than if you are purchasing a new model.
Before you actually take out a loan to purchase a plane, you probably need to consult your accountant to see whether or not a lease agreement would be better for your situation. If you need a tax depreciation, buying might be the best idea. You could always get proposals for a loan and for a lease to see which terms are the most attractive. You should be aware though, that a lot of financial institutions only make purchase loans.
The person actually purchasing the plane is an important consideration and one that many don't think about at first. The final decision will depend on liability, operating rules, tax considerations, and how partners or others are going to use and help pay for the plane. Whether or not a commercial business or private individual is the principal buyer might determine which financial institution ends up lending the money.
You probably don't need to put all your hopes on one lending institution. It is a better idea to ask several to submit proposals. In the beginning, your requirements should be high, and possibly unattainable, but it won't hurt to ask. No down payment and a 25 year amortization is a good place to start.
When you have gotten your proposals back and compared them, you should begin to negotiate. Showing one lender what another is offering isn't the best strategy. You can sit down with your preferred financial officer however, and try to get the best terms possible. In the end, settling for the lender experienced in plane loans may be best.
Commercial flight continues to get more expensive, uncomfortable, and complicated. Having a private plane at your disposal eliminates that problem. Getting financing to buy one is possible if you follow some simple rules.
If you are buying your first plane, it might be a good idea to sit down with a financial advisor to get everything in order before you approach a loan officer. The kind of loan you are able to get will depend, in part, on the kind of plane you are interested in. Your advisor will be able to tell whether or not you can qualify for the financing, and if not, what you need to do to make yourself more attractive to financial institutions.
Financial institutions may be more concerned about your ability to repay your loan than they are about exactly what you are going to buy with the money. On the off chance that you fail to meet your obligations however, they want to feel comfortable that the plane is worth the money they loaned you. If you are interested in an older plane, getting a decent loan may be more challenging than if you are purchasing a new model.
Before you actually take out a loan to purchase a plane, you probably need to consult your accountant to see whether or not a lease agreement would be better for your situation. If you need a tax depreciation, buying might be the best idea. You could always get proposals for a loan and for a lease to see which terms are the most attractive. You should be aware though, that a lot of financial institutions only make purchase loans.
The person actually purchasing the plane is an important consideration and one that many don't think about at first. The final decision will depend on liability, operating rules, tax considerations, and how partners or others are going to use and help pay for the plane. Whether or not a commercial business or private individual is the principal buyer might determine which financial institution ends up lending the money.
You probably don't need to put all your hopes on one lending institution. It is a better idea to ask several to submit proposals. In the beginning, your requirements should be high, and possibly unattainable, but it won't hurt to ask. No down payment and a 25 year amortization is a good place to start.
When you have gotten your proposals back and compared them, you should begin to negotiate. Showing one lender what another is offering isn't the best strategy. You can sit down with your preferred financial officer however, and try to get the best terms possible. In the end, settling for the lender experienced in plane loans may be best.
Commercial flight continues to get more expensive, uncomfortable, and complicated. Having a private plane at your disposal eliminates that problem. Getting financing to buy one is possible if you follow some simple rules.
About the Author:
You can find complete details about different aircraft financing options and more info about a reliable lender at http://www.milehighmoney.com/about right now.
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