Plane financing

[mtuomi]

Hi y'all...

This is something that will be doable about 6-8 months from now, but interesting anyway.
I'm in the position, where I can afford a plane. Only a cheap one at this point, C172 or similar.
Does anyone have recent examples of plane financing? Our credit score is 800+, so we should be fine with that.
What is the market like, for someone looking to finance 20ish k, with 50% down. And do they really care about the age of the plane for that?

Interesting stuff...

 

[Jim Logajan]

Why finance if you're able to buy it outright?

Extra liquid assets sometimes come in handy, so borrowing somebody else's money instead of using your own may make tactical sense on occasion. Such as a case where some of my cash is about to be used in a high-return, high-risk endeavor, but I'd also like an expensive toy.