Aircraft Financing

I don't know how anyone would have so much money to pay cash for a plane
that is worth very much. I'm not talking about a 20k 152 either. Our
"J" model Mooney was over 100k and my partner (a brain surgeon with a
lot more money than me) and I decided to finance 90% of our purchase. To
me the 6% interest on the financed money can be put to better use
elsewhere.

You have a partner in your "F" too, if I remember correctly?

Jon Kraus
'79 201
4443H @ TYQ


Robert M. Gary wrote:
"Must be nice to have so much money one wouldn't have to finance"

Must be nice to have so much money one can afford to make the monthly
loan payments AND pay the maintenance and other costs to keep the
aircraft. My plane costs me $500/month just to sit on the ground (base
annual, insurance, property taxes, tie down, etc) . That doesn't even
include fixing anything that may break as a result of flying.

-Robert