You’ve decided that it’s time to buy an airplane, or you own one and you want to upgrade it with a glass panel or a larger engine. The “how will I pay for it?” refrain has gone through your head more than once. Now you have to listen to that voice. It’s time to get the money and do the deal. We’ll tell you your options and how things work in the aircraft finance world.
Ways to Pay
You can always pay cash. As we researched this article, we were more than a little surprised to discover that cash purchases were more common than we expected. According to aircraft brokers we spoke with, the combination of depressed prices for airplanes and generally lousy rates of return on savings and investments have caused people to be more willing to use money they would otherwise be investing to buy an airplane.