The new service, AOPA Aviation Finance Company, LLC (AAF), will offer more flexible financing options through a collection of banks—rather than with just one institution. This will allow AAF to identify the best loan options for members and ultimately deliver competitive terms for each aviation transaction. AAF will not be loaning money directly, but instead be acting as a broker.
Notably, AAF also will help members obtain loans for aircraft that tend to be more difficult to finance, such as experimental, kit, and early model airplanes. AAF also will identify member loans for avionics and engine upgrades.
“AAF is making flying more affordable and accessible by improving the aircraft financing process for our members,” said AOPA President Craig Fuller. “This new program will help make buying a new airplane more enjoyable and friendlier.”
While AOPA has offered aircraft finance services for nearly two decades, the new AAF arrangement using multiple banking partners identifies financing options for all types of aircraft at competitive rates and terms. It also offers members exceptional service and knowledgeable advice regarding aircraft loans.
AAF staff will support each AOPA member as a broker, walking them step by step through the financing transaction. AAF also will provide faster time-to-ownership for members by providing quick decisions from established financing partners.
“Using a wide variety of banks gives AAF greater flexibility in arranging affordable financing and re-financing for AOPA members,” said AAF’s Adam Meredith, who oversees the program. “This is generating a lot of new added value for AOPA members.”
Ultimately, AOPA Aviation Finance is committed to providing support for AOPA’s mission of protecting the freedom to fly by helping to preserve airports, grow the pilot population, and look out for the interests of general aviation through advocacy in Washington, D.C., and in all 50 states.
Interested AOPA members can find more information online or call 800/62-PLANE.
Source: AOPA Communications Staff http://www.trade-a-plane.com/company-search?id=71354