Does anyone here have any experience with financing a kitplane? I have a project underway, but I work faster than I can save up the spare cash to buy the rest of the kit, so I was thinking of getting a loan so I can just purchase the whole shebang at once. Are there any particular financial institutions I should take a look at, or should I just try my local bank? Thanks.
There's a bank that specializes in financing sailplanes. A kit plane isn't a sailplane but they at least have experiance with aircraft. I can't remember the name but I've seen it on the internet when I was looking at buying a glider. Maybe SSA.org, or one of the other sailplane websites. Other than that you may have to dig into a home equity loan or something. Most banks won't touch airplanes.