2012 Year-end Aircraft Financing

25 Days left in 2012 for customers to buy an aircraft and cash in on the great tax incentives and historically low interest rates this year!  Financing is still readily available for you December buyers out there!2012

As we gear up for a big year-end rush, we know many of you are purchasing before the clock strikes midnight on 2012.  If you are interested in financing that purchase, please see the important dates and recommended deadlines below to ensure a smooth closing before December 31st:

December 14:
Last day for complete credit application submissions for loans above $1 Million to arrange financing before year-end
December 21: Last day for complete credit application submissions for loans below $1 Million to arrange financing before year-end
*Please note: applications can still be submitted/closed after these dates, but meeting year-end goals may be in jeopardy.

December 25: Christmas Day (Closed)
December 31:  New Year’s Eve
(please note many employees at the FAA and Banks leave early both Christmas Eve and New Year’s Eve, making it more difficult to handle a high volume of late closings these days)

Plan ahead as weather can impact the best-laid plans.  Oklahoma City has been known to get weather this time of year, shutting down the FAA and Title Companies.

Since December is the busiest time of year for many of us (including dealers, banks, title companies and the FAA), response and action can become more sluggish the closer it gets to 12/31.  Getting approved asap and working out the details in advance ensures a smoother transaction.  If you are still deciding between a few different options, get pre-approved for a finance amount today, then finalize your plans with the funds in your back pocket.

Don’t hesitate to contact us and get started today at 800.390.4324 as we quickly approach our suggested application deadlines above.  We look forward to hearing from you and helping you ring in 2013 with your new bird!

The 4th Quarter Countdown

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!