Aircraft Loans
Aircraft Loans With Trident Funding
Product Offering
- Fixed/Variable Interest Rate
- Part 91/135 Use
- Progress Payment Financing
- Interest-Only Period
Frequently Asked Questions About Airplane Loans
How much do I have to put down on my aircraft?
Typically, 10% to 20% is standard, but the exact amount may depend upon the size of the transaction.
Can I get preapproved for my loan?
Yes, absolutely. Initial loan approval commitments can be valid for 30 to 180 days from the date of pre-approval.
Can I finance the sales tax on my aircraft purchase?
Yes, lenders will often consider sales tax in the total price of the aircraft.
How long is my loan approval good for?
Approval commitments are generally valid for 30 to 180 days (varies by lender) and rate commitments typically range from 30 to 60 days.
Can you assist with FAA required documentation? Insurance options? Title and Registration?
Yes, wherever possible we will help with these services or recommend a qualified professional to meet your needs.
What is the maximum term available for an aircraft loan?
Twenty years is typically the maximum term offered but, with a larger down payment, a 25 year term may be an option. The maximum term available will also depend on the age of the collateral and amount of the loan request.
What is the oldest aircraft you finance?
Lenders will normally extend financing on aircraft up to 25 years old, possibly older on a case-by-case basis.
Are refinance rates the same as purchase rates?
Generally, yes.
Is an aircraft pre-purchase inspection required?
Generally, yes. In some limited cases a recent manufacturers major phase inspection may suffice.
Are aircraft loans tax deductible?
Aircraft operated in support of a business typically qualify for tax deductions, however it is critical that you consult with a qualified aviation tax professional to be certain. We work with a number of aviation tax specialists and would be glad to assist in referrals if needed.
Can I own the aircraft in a LLC or Trust?
In most cases, yes. However, just as with tax treatment, it is important that you consult with a qualified aviation attorney or a tax advisor for a more detailed discussion on ownership structure.
Do you finance experimental aircraft?
Yes, we work with a number of lenders that will finance experimental aircraft.