Talk to many aircraft buyers, and you’ll find out that one of the hardest parts of the process is often finding the loan. Well, not just a loan – the right loan. Obviously, they weren’t working with the aviation experts at AOPA Aviation Finance.
“What really differentiates us is we take a more holistic approach to find the right financing package for our members,” explained AOPA Aviation Finance President Adam Meredith. “Our method is very member-centric, so we start by learning as much about the applicant and their particular needs and desires as we can. No two members’ needs are the same.”
“More than any lender, we work with the banks to provide the buyer with solutions that are consistent with their needs with regards to the financing package,” Meredith said. “We find that doing things this way – putting the buyer’s needs first – we get not only a member that’s happier with the deal, but the lender is happier also. And a happier lender is usually a more flexible lender.”
He also explained that the type and age of the aircraft can impact the offering options, especially with larger-value turboprops and jets. The association’s experience with all types of aircraft can pay dividends for prospective borrowers.
“We can help them arrange for pre-approvals for their loans,” Meredith said. “That way they go in knowing what they can afford so they don’t waste time looking at or negotiating a deal for an airplane they can’t buy. We’re here to help our members make the buying process as easy as possible.”