Refinancing FAQs: I am shopping for a re-fi on my plane. I

Refinancing

I am shopping for a re-fi on my plane. I have a low time (engine 500 SFRM) 1956 Cessna 182 that has major upgrades (O-520 engine, Wing-X Wing Extensions, etc) and have been paying 3 years on 7.75% fixed rate...10 year note...balance $55K. I want to add $10K for total of $65K. What kind of interest rate could I expect for a 9-10 year note? Thanks, Bob

Bob, interest rate have come down recently and you can expect a rate in the low 6 percent range. Thanks for your question on airplane refinancing

Beacon Aero Credit
100 Halls Road
P.O. Box 1060
Old Lyme, CT 06371

Phone: 1(888)656-9400
Fax: 1(866)282-2623
www.beaconairloans.com