Frequently Asked Questions

What are your rates?

What are your terms?

How long / how many years will you go?

How soon can I get an approval and close?

What financial information do you need from me?

Is there a closing fee?

Is there a prepayment premium?

What age requirements do you have on airplanes?

Will you finance rotary wing, experimental or warbirds?

How much is the airplane I'm buying worth?

How much is my trade worth?

Will you fund aircraft imported into the United States?

Do you finance other products besides Cessna aircraft?

Do you have any repossessed aircraft for sale?

What is the minimum you will finance?

Where can I obtain a copy of your Gramm-Leach-Bliley Act Privacy Policy?

Q: What are your rates?
A: Rates vary depending on the financial strength of the customer, the amount financed, the type of aircraft and the use of the aircraft. For further details, contact your regional Cessna Finance representative at 1-866-CFC-LOAN (toll free).
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Q: What are your terms? How long / how many years will you go?
A: Cessna Finance can provide financing for as long as 20 years. Terms are individually structured based on customer's needs and use of the airplane. For wholesale financing it is typically one year or less. Leases are typically structured for 5, 7, or 10 years.
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Q: How soon can I get an approval and close?
A: Once the loan application and all the financial information are submitted, loan approvals can be made in as little as 24 hours. Closings can take place as soon as all the loan and FAA paperwork is completed and the contract is signed. With overnight mail or courier service, loan closings can be completed quickly.
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Q: What financial information do you need from me?
A: Individuals need to complete a credit application, provide credit references, a personal financial statement, and tax returns. Corporations need to provide credit references, financial statements, tax returns, and personal financial statements on any guarantors. Check out CFC's online or printable application.
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Q: Is there a closing fee?
A: Generally, there is a modest closing fee that varies from transaction to transaction.
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Q: Is there a prepayment premium?
A: As a general rule, there is not a prepayment premium associated with variable rate loans. From time to time you may see a prepayment premium on fixed rate loans.
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Q: What age requirements do you have on airplanes?
A: There is not a specific age requirement. Financing approval is based on the condition and quality of the aircraft.
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Q: Will you finance rotary wing, experimental, or warbirds?
A: Cessna Finance does not finance experimental or war bird aircraft at the present time. We do finance new Bell and certain models of used Bell and American Eurocopter turbine helicopters. We will also consider new and used R44 Robinson helicopters as well.
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Q: How much is the airplane I'm buying worth? How much is my trade worth?
A: While Cessna Finance does not establish market values on aircraft, we can provide you with a loan value, or an indication of the amount we would finance on a specific aircraft. For a trade value, contact a local aircraft dealer or sales organization.
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Q: Will you fund aircraft imported into the United States?
A: Cessna Finance Corporation can provide financing on aircraft being imported into the United States - once the aircraft is on the U.S. Registry.
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Q: Do you finance other products besides Cessna Aircraft?
A: CFC finances a full array of new and used general aviation aircraft produced by major manufacturers, including but not limited to Raytheon/Beech, Lear, Piper and Mooney.
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Q: Do you have any repossessed aircraft for sale?
A: On occasion, we do have aircraft for sale. Please visit our Aircraft for Sale site or call CFC Asset Management Department at 1-866-CFC-LOAN (toll free).
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Q: What is the minimum you will finance?
A: We will finance amounts of $100,001 or more.
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Q: Where can I obtain a copy of your Gramm-Leach Bliley Act privacy policy?
A: CFC's privacy policy is available here.
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