We can’t believe it is already that time of year, the 4th quarter is upon us. With optimism that this past year seems to have stabilized, we are looking forward to an uptick the last months of the year as business buyers who have turned the corner satisfy a tax appetite (see BLOG: Tax Incentives), and those of us who feel more personally comfortable decide to get back into purchasing for fun!
For those interested in financing their year-end purchase, it’s best to get the process started early. With approval expiration at90 days, we are inside the window for all purchases in 2012. Even if you have not picked out an exact aircraft, there is no application fee so now is a great time to get approved for a loan amount – shop with the funds in your back pocket, and feel confident to close on a hot aircraft deal you come across quickly.
It is also the busiest time of year for dealers, escrow companies, the FAA, banks and finance companies. Due to the volume of transactions, sometimes response and action is slightly delayed the closer you get to December 31st. That being said, we are happy to work with someone who decides to purchase a plane starting mid-December, but to avoid stress and the risk that the purchase could get pushed into the new year, it’s always best to have the details worked out before then.
For a quote, or to get started on the application process, please contact us at (800) 390-4324. We look forward to hearing from all you early birds soon!