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On Jun 6, 2:21*pm, son_of_flubber wrote:
A club that I know first hand recently placed notes (loans) with multiple members for $3000 each at 4% to finance a new glider. Sure, this works if your club is healthy and of a certain size, and is looking for sailplanes within a certain range of prices. But how many $3000 loans do you need to get, to afford a new (or slightly-used) 2-seat trainer? How long are those loan-terms? My guess is that they're on a 10-year time-scale (or more)... Your method is a viable option for some; but my point is that the market already has other solutions for powered aircraft. Why aren't those solutions available for sailplanes? This is both a rhetorical question I'm shouting into the ether, and a real question (I'm curious if any of the sages here on RAS can point to something that happened in the past, or something obvious I'm overlooking). --Noel P.S. Called AOPA Aircraft Finance. They also expressed puzzlement about the lack of sailplane financing options - and since they act as a broker they had to state that they couldn't help me because none of their partners/vendors do glider loans. They _did_ say that if more people called and asked, it would give AOPA some info to take to lenders to try to get the market opened up. *shrug* |
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