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#1
March 10th 04, 03:31 PM
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Who finances used gliders these days? (USA)
I know about Lea County bank, but their rates seem a bit high in this economy,
any other leads would be appreciated.... - Mark Navarre 2/5 black ace LoCal, USA - 
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#2
March 10th 04, 05:39 PM
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Mark,
Check with your local banks and or credit unions. They are considered "recreational" loans. Usually the rates are at a premium. It might be better to arrange alternate type loans from the bank. A personal loan is probably at a better rate. Some places offer a good rate on loans that are backed up by something like your securities... I just went through this with some friends and most anything we found beat the aircraft loan rates. Douglas
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#3
March 10th 04, 06:42 PM
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Home equity loans are the best -- low rates, long terms, and tax
deductible interest DGRTEK wrote: Mark, Check with your local banks and or credit unions. They are considered "recreational" loans. Usually the rates are at a premium. It might be better to arrange alternate type loans from the bank. A personal loan is probably at a better rate. Some places offer a good rate on loans that are backed up by something like your securities... I just went through this with some friends and most anything we found beat the aircraft loan rates. Douglas
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#4
March 11th 04, 03:48 AM
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Use your 401k money and pay yourself the interest.
Mark
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#5
March 11th 04, 05:02 AM
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Went to the credit union here. 5% intrest on aircraft loan, little or no
hastle, and 11 year term. Not bad for an Air Force E-5 who just bought a toy that is worth nearly double his yearly income. -Mitch
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