The Aircraft Owners and Pilots Association (AOPA) has launched a new aviation finance company that will give AOPA members greater access to lending options for aircraft purchases and avionics upgrades, according to officials.
The new service, AOPA Aviation Finance Company (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, AOPA officials say. AAF will not be loaning money directly, but instead be acting as a broker.
Notably, AAF will also help members obtain loans for aircraft that tend to be more difficult to finance, such as older, less-complex airplanes. AAF will also identify member loans for avionics upgrades.
“AAF is making flying more affordable and accessible by improving the aircraft financing process for our members,” said Craig Fuller, AOPA president and CEO. “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 will also 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.”
For more information: AOPAFinance.com or 800-62-PLANE.