Heard that aircraft loans are only for the wealthy or hard to qualify for? That’s a common belief—but it’s not the whole story. In this blog, we’ll break down some of the top myths around aircraft loans and share real plane financing facts. If you’re looking into buying your first aircraft, you’ll want to know what’s true and what’s not. Let’s sort through the confusion so you can move forward with confidence.
What Aviation Loans Are Really All About
An aircraft loan is a way to finance the purchase of your own plane. But unlike other types of lending, aviation loans are handled by specialists who understand the unique details of aircraft ownership. They know how to evaluate aircraft value, check title and registration, and structure financing based on the model and usage. This makes the process smoother and more reliable than many people expect.
Clearing Up Common Myths About Aircraft Financing
Let’s take a look at some of the most common misunderstandings in aviation financing and why they’re not true:
1. “Only Millionaires Get Aviation Loans”
This myth sticks because airplanes seem expensive. But lenders offer loans for a wide range of aircraft. You don’t need to be rich—just financially prepared and working with the right team.
2. “You Need a Perfect Application”
People think approval is only possible if every detail is flawless. In reality, lenders look at the full picture. Strong income, responsible borrowing history, and proper planning all count.
3. “All Loans Are the Same”
Not true. Terms, rates, and structures vary a lot. Comparing options matters. That’s where trusted lenders stand out; they tailor solutions to your needs and goals.
4. “Loan Processes Are Complicated”
It might seem complex at first, but working with the right lender makes all the difference. When the team explains things clearly, the process becomes simple and clear.
5. “You Can’t Finance Older or Used Aircraft”
It’s a common belief that only brand-new planes qualify. But that’s not true. Many lenders offer financing for used or older aircraft. What matters most is airworthiness, usage, and overall condition.
6. “You Can’t Apply with a Partner”
Many people think you can’t apply for an aircraft loan with a partner. However, some aviation financing companies allow partnerships of up to four individuals. You just need to agree on how the aircraft will be registered and ensure everyone is available to sign the closing documents.
Move Past the Misconceptions With AirFleet Capital
A lot gets said about aviation loans. But once the myths are out of the way, the process is easier than most people expect. At AirFleet Capital, we’re here to make aircraft financing clear, honest, and personalized from the start.
We know this is a big step. That’s why we offer direct answers for aviation loan FAQs, supportive guidance, and flexible loan programs. Ready to learn more? Explore our loan programs and fill out your application today!