On 31 Aug 2005 15:31:59 -0700, "
wrote:

I'm debating the purchase of a plane and I was wondering what the
current rates are that anyone has gotten for financing on an aircraft
for a loan amount of $50-60K for either a 5, 7, or 10 year term. I know
that AOPA can quote this, and I'll be calling them tomorrow during
business hours. However I wanted to see what other people had found by
shopping around.

Aviation loans tend to have higher rates than homes, cars, and even
boats. I would expect somewhere between 8 and 10% depending on term
and credit rating.

If you have access to a line of credit on your home, look into using
that - better rates and the interest will be tax deductible.

-Nathan