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John.Hines(at)craftontull
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 Posted: Tue Feb 21, 2006 6:53 am Post subject: Homebuilt aircraft financing |
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Are any of you financing your Zenith Aircraft? If so, with who? Zenith
has several links to financing companies on their web site.
NAFCO: They want spotless credit and because of stuff that is over 5
years old won't help me.
AirFleet Capital and Beacon Credit have a $25000 minimum loan amount. I
was really looking to finance the airframe first and then move on to the
firewall forward.
RecreationalFinance.com: Says the website is under construction.
First National Bank of Audrain County, Missouri: They only loan money
to local residents.
I called a few other aircraft financing companies I found on the web but
they don't finance homebuilts. I'm almost done with my tail kit and I
have realized that I can build it faster than I can afford to pay for
it. Any advise???
John Hines
www.johnsplane.com
John Hines
Manager
Crafton, Tull & Associates, Inc.
901 N. 47th Street, Suite 200
Rogers, AR 72756
Tel: 479-878-2449
Mob: 479-366-4783
Fax: 479-631-6224
John.Hines(at)craftontull.com
Crafton, Tull & Associates, Inc. exists to anticipate and understand the needs of our clients and provide them with successful solutions.
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David X
Joined: 10 Jan 2006
Posts: 154
Location: Princeton, NJ, USA
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| Posted: Tue Feb 21, 2006 7:16 am Post subject: Re: Homebuilt aircraft financing |
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Try MBNA. If you're a member of AOPA, there are a few good articles about this topic on their website (members area). http://www.aopa.org There's also some non-member material here: http://www.aopa.org/info/certified/afp/
A lot of people go for the home equity loan as a way to finance their project.
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_________________
Zodiac 601 XL - CZAW Built - Rotax 912S
DO NOT ARCHIVE |
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rsq2424(at)yahoo.com
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| Posted: Tue Feb 21, 2006 10:17 am Post subject: Homebuilt aircraft financing |
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| Quote: | Are any of you financing your Zenith Aircraft?
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Why not finance it yourself by buying component kits one section at a time, rather than the whole thing at once? You'll save on interest charges (even though shipping costs will be slightly higher). There's really not much sense in buying sections that you're not ready to build yet -- especially since you would be paying interest charges on everything while much of it sits in your garage untouched.
Mike Fortunato
601XL
do not archive
---------------------------------
Brings words and photos together (easily) with
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pmaxpmax(at)hotmail.com
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| Posted: Tue Feb 21, 2006 12:24 pm Post subject: Homebuilt aircraft financing |
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Mike is a smart man. This is exactly what I did.
Phil Maxson
601XL/Corvair
Northwest New Jersey
| Quote: | From: Mike <rsq2424(at)yahoo.com>
Subject: Re: Homebuilt aircraft financing
Date: Tue, 21 Feb 2006 10:12:23 -0800 (PST)
> Are any of you financing your Zenith Aircraft?
Why not finance it yourself by buying component kits one section at a time,
rather than the whole thing at once? You'll save on interest charges (even
though shipping costs will be slightly higher). There's really not much
sense in buying sections that you're not ready to build yet -- especially
since you would be paying interest charges on everything while much of it
sits in your garage untouched.
Mike Fortunato
601XL
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ter_turn(at)yahoo.com
Guest
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| Posted: Tue Feb 21, 2006 7:30 pm Post subject: Homebuilt aircraft financing |
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John, you might consider scratch building..that'll slow down your build progress but the tradeoff is it'll save you a bunch of money!
Terry Turnquist
St. Peters, MO
John Hines <John.Hines(at)craftontull.com> wrote:
Are any of you financing your Zenith Aircraft? If so, with who? Zenith
has several links to financing companies on their web site.
I'm almost done with my tail kit and I
have realized that I can build it faster than I can afford to pay for
it. Any advise???
John Hines
www.johnsplane.com
John Hines
Manager
Crafton, Tull & Associates, Inc.
901 N. 47th Street, Suite 200
Rogers, AR 72756
Tel: 479-878-2449
Mob: 479-366-4783
Fax: 479-631-6224
John.Hines(at)craftontull.com
---------------------------------
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jeffrey_davidson(at)earth
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| Posted: Tue Feb 21, 2006 7:51 pm Post subject: Homebuilt aircraft financing |
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Another benefit of buying component kits as you build is that you get the
benefit of improvements made to the kit that are available at the time you
buy. With a manufacturer like ZAC, who has stood the test of time in the
business, you can be comfortable that they will be there when you need the
next kit.
Jeff Davidson
| Quote: |
> Are any of you financing your Zenith Aircraft?
Why not finance it yourself by buying component kits one section at a time,
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| Quote: | rather than the whole thing at once?
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