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At Scope, we quarterback your transaction, so that it moves
swiftly and smoothly to closing. Here are some tips to keep in mind as you
prepare to enter the aircraft marketplace and go through the many facets of the
financing process.
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Contact an experienced lender that specializes in financing aircraft. Here at
Scope, we will take you through the financing process with speed and
confidence. Scope can also point you in the right direction for insurance, tax
treatment, valuation, dealers, maintenance, escrow agents, title services, etc.
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Find a lender that will customize your loan to meet your specific needs and is
not tied to an inflexible program.
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Ask your lender to provide you with a desktop appraisal of the aircraft you are
planning to finance.
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Evaluate all costs associated with your loan, including closing fee,
documentation fee, pre-payment penalty, and interest rate.
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Do not accept a loan amortization period that results in your loan amount
exceeding the resale value after just a few short years. Ask your lender to
provide you with the historical depreciation pattern for your aircraft make and
model.
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Before you buy, consult with legal and accounting professionals to make sure
your ownership and financing structure minimize taxes (sales, income, property,
franchise) and liability.
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Make sure your lender will keep and service the loan. At Scope, you retain the
same relationship officer through the closing and the life of the loan.
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