Buy Now, Pay Later

Aviation International News » March 2005
February 1, 2007, 10:34 AM

GMAC’s business aircraft finance group of Southfield, Mich., has launched a trial program, initially for three to six months, in which buyers of new or used turbine aircraft can defer loan payments for six months. The group’s director, Chuck McGuire, said that by not requiring payments for six months, the company is able to provide the client with “a substantial up-front cash flow saving.” There are no fees or interest penalties associated with the program, and the amount of the deferred payments is slowly and incrementally added to the client’s remaining monthly payments throughout the original loan period, according to McGuire.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X