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2012 Year-end Aircraft Financing
Tuesday, December 04, 2012
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!
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 Yearís Eve
(please note many employees at the FAA and Banks leave early both Christmas Eve and New Yearís 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.
Donít 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!
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