Financing for Experimental Aircraft

Gang,

I am peparing to purchase a Long EZ (a very nice one, at that). While
I have the cash, I figure I'm better financing a portion of hte
airplane for various reasons (likely 60-70%).

Am I going to have difficulty finding a lender for an Experimental
category aircraft that is already built and flying? Does anyone know
of any preferred providers?

Thanks,
James

I recommend talking to Mike at First Pryority Bank
http://www.1st-of-pryor.com/. I don't *know* that they can help, but
if they can't I would be very surprised.


James Keane wrote:
Gang,

I am peparing to purchase a Long EZ (a very nice one, at that). While
I have the cash, I figure I'm better financing a portion of hte
airplane for various reasons (likely 60-70%).

Am I going to have difficulty finding a lender for an Experimental
category aircraft that is already built and flying? Does anyone know
of any preferred providers?

Thanks,
James

Assuming that you own a house, you would be better off borrowing the money
against that. You can write off the interest and the rate will be lower.

Mike
MU-2


"James Keane" wrote in message
m...
Gang,

I am peparing to purchase a Long EZ (a very nice one, at that). While
I have the cash, I figure I'm better financing a portion of hte
airplane for various reasons (likely 60-70%).

Am I going to have difficulty finding a lender for an Experimental
category aircraft that is already built and flying? Does anyone know
of any preferred providers?

Thanks,
James