Most private jet buyers put down 10% to 40% and finance the rest. Interest rates have climbed to 5-8% over the past six to eight months, though many owners can earn higher returns investing their own capital elsewhere.
Hey Steve, I want to buy a jet but I have no money.
Can I get one on finance?
Yeah, sure. A lot of people finance their airplanes. Put 10 to 40% down on deposit and you finance the rest. A lot of people do that. I mean, usually people can make more money with their own money than the interest they pay on borrowing it. So a lot of people do that.
And what will the interest usually be on a jet?
Well, today obviously interest rates have gone up a lot in the last 6-8 months, so probably between 5 and 8%. Thanks Steve, I know where to come now to buy my jet. There's only one place to come to buy your jet.
Steve Varsano has a webinar where he discusses the average age of private jet buyers now🛩️👀
Steve Varsano explains the differences between a private jet and a commercial airline🛩️👀
