12voltman wrote:

Does anyone have an lender that they recommend?

I financed my first aircraft with a "signature loan" from a Credit Union in
Tennessee. The terms of the loan were such that I could convert it to a lower
interest rate after purchase by signing over the aircraft as collateral. I originally
financed my second one through a "recreational vehicle" loan with another credit
union. When it became convenient to do so, I paid off that loan with money borrowed
against my 401K balance.

My CU in NJ no longer makes loans using the aircraft as collateral, but the interest
rate on the rec. vehicle loan is currently 6%. I wouldn't go with a signature loan
these days; the rate is 11%.

George Patterson
If a man gets into a fight 3,000 miles away from home, he *had* to have
been looking for it.