Few of us can afford to buy an airplane with cash. Even if we could, there are tax and other benefits we can realize by financing the purchase instead. The problem is that few airplane buyers understand the nuances of aircraft financing, let alone the process itself.rnThe first step in understanding aircraft financing is to stop comparing it to automobile financing. Phil Haney of AirFleet Capital tells us, "Financing an airplane is actually closer to buying a home, not a car." Haney outlines the typical terms of aircraft loans: "Most of the interest is paid up front," says Haney, "like a house. And because an airplane isn't a 'life essential,' the qualification process is more like that of buying real estate."
展开▼
