jonnyboy250 Posted September 2, 2009 Share Posted September 2, 2009 I am looking into the purchase of my first Long Ez aircraft. After contacting several different Aviation Financing companys it appears to be very difficult to find anyone that is interested in loaning money for experimental aircraft and even more difficult to find a loan program for a Long Ez aircraft. I am looking for advice as to where I might look for loan program and where others found loans. Thanks! Jon Quote Link to comment Share on other sites More sharing options...
Wayne Hicks Posted September 2, 2009 Share Posted September 2, 2009 Home equity loan. Quote Wayne Hicks Cozy IV Plans #678 http://www.ez.org/pages/waynehicks Link to comment Share on other sites More sharing options...
TMann Posted September 2, 2009 Share Posted September 2, 2009 Loan against your 401K (risky if you don't plan on staying at your job through payoff.) Quote T Mann - Loooong-EZ/20B Infinity R/G Chpts 18 Velocity/RG N951TM Mann's Airplane Factory We add rocket's to everything! 4, 5, 6, 7, 8. 9, 10, 14, 19, 20 Done Link to comment Share on other sites More sharing options...
Waiter Posted September 2, 2009 Share Posted September 2, 2009 Government Bailout Cash for LongEZs????? :rolleyes: Waiter Quote F16 performance on a Piper Cub budget LongEZ, 160hp, MT CS Prop, Downdraft cooling, Full retract visit: www.iflyez.com Link to comment Share on other sites More sharing options...
TMann Posted September 2, 2009 Share Posted September 2, 2009 Cash for LongEZs????? :rolleyes: It sounds stimulating. Quote T Mann - Loooong-EZ/20B Infinity R/G Chpts 18 Velocity/RG N951TM Mann's Airplane Factory We add rocket's to everything! 4, 5, 6, 7, 8. 9, 10, 14, 19, 20 Done Link to comment Share on other sites More sharing options...
philc1 Posted September 3, 2009 Share Posted September 3, 2009 If you're serious about securing a loan with your Long-ez, try theses guys. www.airloans.com/ I used them a long time ago for a Cessna. They seemed like a good organization and they do make loans on experimentals. Keep in mind though that if your loan is secured by your Long-ez almost any lender will require that you carry full hull (in-motion) insurance coverage. If you haven't priced that yet, prepare for a shock. Most ez owners settle for liability-only coverage. Hence the variety of indirect financing methods. Phil Long-ez Project Milwaukee Quote Phil Long-ez project Milwaukee Link to comment Share on other sites More sharing options...
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