Aircraft Financing
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Aircraft Installment Financing
Atlantic Edge Credit - Aircraft Financing Specialists with the Most Competitive Rates in the Aviation Industry
Atlantic Edge Credit provides customized aircraft financing solutions to businesses in all 50 states. With our extensive access to capital, both traditional and non-traditional, we can accommodate the unique funding needs of your business.
We are dedicated to exceeding your expectations and advancing your business growth.
AEC will analyze your aviation financing and needs to achieve the best solutions and pricing.
We are committed to providing you with the best loan program, rates and personalized service the aviation industry has to offer.
The Home of the Aviation loan
Whether you are in need of a Single Engine, Turbo Prop or Jet Aircraft loan, or are considering refinancing your existing loan, Atlantic Edge Credit can design a financing program to meet your unique needs.
With as many Aircraft lenders as there are Aircraft in the Air, it is important to select a financial company that has the Aviation industry experience, unparalleled market knowledge, and personal customer service to help you every step of the way through the buying process.
Aircraft Installment Loans Q & A
What type of information do you collect from me?
You will be asked questions about loan information, Aircraft information, personal information, co-applicant information (if applicable), and a personal financial statement. To expedite your Aircraft loan application, please have the following information readily available.
- Two years current 1040 Federal Income Tax returns complete with all schedules, including W-2's.
- If Self Employed - Business Financial Statements and two years Corporate Federal Income Tax returns.
- Copy of Aircraft Purchase Agreement
- Any documents or statements, explaining a unique or special situation.
- Any documents or statements, explaining a unique or special situation.
What are the advantages of pre-approval?
- Whether you're considering a new or used Aircraft, having your financing pre-approved before you shop gives you a number of advantages.
- If you're considering a new Aircraft purchase, a pre-approval will give you flexibility (it will be like shopping with cash in your pocket). You'll have the ability to negotiate for the best price at any dealership nationwide. You'll have an interest rate that is locked in and not affected by a dealer markup.
- If you are considering a used Aircraft, either through a broker or a private individual, a pre-approval will give you a clear negotiating advantage. It will establish with the seller that you are a serious buyer (your financing is already in place), your offer can be made without a financing contingency and you have the ability to close quickly.
- Other advantages of obtaining a pre-approval are: (A) It helps determine your credit / loan limits, (B) It allows us to address and resolve any unknown credit issues before you enter into a contract (C) It will also eliminate any financing anxiety you might have after you have already entered into a purchase contract.
How do I get pre-approved?
Complete our on-line application, supply us with your income information, tell us what type of Aircraft you are considering and about what price range. In one or two working days, you can have a formal, in writing, credit decision that is good for 30 days. It's that simple.
How much of a down payment do I need?
As a general guideline, you can finance up to 90% of the selling price of the Aircraft. The selling price can include any extras that you are adding to the Aircraft at the time of purchase.
How long of a term can I get?
This depends on the amount you're financing and the age of the Aircraft. Most loans over $100,000 can be financed for as long as 20 years.
Is there an advantage to financing for a shorter vs. a longer term?
Our general felling is that a shorter term has many advantages. However there are a number of individual issues that should be considered (i.e. percentage of down payment, financial ability to handle increased monthly payment....) Basically, a shorter-term loan will build up your equity in the Aircraft quicker. Down the road this translates into more money into your pocket when it's time to sell. How long will it take to process my Aircraft loan? Whether you are applying for a pre-approval or for a loan on a specific Aircraft, once we have your information it only takes us 1 or 2 working days to give you a formal, in writing, credit decision which will be good for 60 days.
Can I refinance my existing Aircraft loan?
We offer you a number of refinancing options. With interest rates still low and because your out of pocket cost to refinance is minimal, refinancing can save you thousands over the life of your loan.
Can I obtain a loan for upgrading my existing Aircraft?
If your current loan balance (or if you own the Aircraft free & clear) plus 80% of the cost of the upgrade is $25,000 or greater, the answer is YES. However, the new loan can not exceed 80% of the current market value of your Aircraft.
For more information on Atlantic Edge's Financing Solutions, be sure to Contact AEC.
* APR and rate subject to change.
