Are you weighing the decision between buying a reliable single-engine for weekend trips or stepping up to a twin-engine for longer journeys? As a pilot, we know the excitement is there, but so are the questions: how do you pay for it? What loan options really make sense?
Aircraft purchases are unique. They require more than just basic lending knowledge. In this blog, we’ll explain piston single and twin loans, give an overview of aircraft financing options, and share common ways fellow pilots approach funding for piston single and twin-engine planes. Let’s take a look.
Understanding Piston Single & Twin Aircraft
Piston aircraft cover two key categories. First, you have single-engine models that are known for being versatile, efficient, and cost-effective. They’re popular for shorter flights and training.
Second, you have twin-engine models that bring more power, safety redundancy, and better performance on long routes. Both types serve different flying needs, but each represents a major investment, which is where financing comes in.
What Makes Aircraft Loans Different
Aircraft financing isn’t like a car or home loan. These loans often consider the aircraft type, its age, and how it will be used. Lenders want to see that the loan structure fits the aircraft’s value and expected lifespan. That’s why aircraft financing options are specialized: to ensure that the terms reflect the unique nature of aviation.
Loan Options for Piston Single & Twin Aircraft
When it comes to piston single and twin-engine loans, there are several ways to structure financing that support pilots at different stages:
1) Financing a New Aircraft
Buying new often comes with longer terms and structured twin or single-engine aircraft loans that align with the aircraft’s lifespan. The benefit is predictable costs and often lower maintenance surprises in the early years.
2) Purchasing Pre-Owned Models
Pre-owned planes can be more affordable upfront, but loan terms may vary depending on the aircraft’s age. Financing here allows pilots to access capable aircraft without the price tag of brand-new models, while still spreading costs over time.
3) Refinancing an Existing Loan
Refinancing can help adjust rates or change the loan length. For pilots already paying on an aircraft, this option can create breathing room in monthly expenses or shorten payoff time, depending on what works best for their budget.
AirFleet Capital: Variety of Loan Options for Every Pilot
At AirFleet Capital, we know that financing an aircraft isn’t just about numbers. It’s about supporting your flying goals. Our experience with piston single and twin loans gives us the perspective to match clear loan terms with every purchase type. We focus on keeping the process simple while helping you understand how each option supports your plans.
We also provide helpful tools, like our online loan calculator, so you can review payments before applying. With decades of experience, we’re proud to offer reliable aircraft financing options that make it easier to move from interest to ownership. Explore our programs, test out our calculator, and see how straightforward it can be to get started!