Aircraft financing - feedback & ideas

Aircraft financing - feedback & ideas

I am planning to buy a used C172SP and place it in a lease-back with a flying club.

What are your suggestions in terms of banks and loan brokers.  Are there companies that do a good job and companies that I should avoid.

Thank you for your feedback.

Ettore Leale
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Re: Aircraft financing - feedback & ideas

Dear Ettore,
I do not live in the US, I live in Australia, and so i know nothing about he US loan brokering business, however I believe that you should do two things. 1) Get the cheapest loan that you can get and 2) don't put your aeroplane on line with a flying school unless you want it wrecked.
Nobody looks after your aeroplane like you will and unless you are going to get 500+ hours a year from the flying school it will cost you more in maintenance than you will earn in revenue. If you would get more than 500 hours a year the flying school would not hire from you , they would buy their own!!
Be very careful
Best wishes
Tony Taggart

Tony Taggart
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Re: Aircraft financing - feedback & ideas

I agree. Only rent your plane out to flight schools if (and ONLY IF) you plan to NEVER fly it yourself again. She will be abused (unintentionally most of the time) and you will never have the same plane back again.

Just think of all the hard landings, skids and what-not's you have done when you learned to fly, add the worst things you've heard people tell about students handling planes, and then multiply it by as close as 365 you can get, because the flying school then has a plane that they feel NOTHING for, and they are going to fly the cr*p out of it to get their money's worth...

This one gives me the creeps...! (Where's the Valium?)

Jakes Dekker
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