For the past 5 years TLAC has been working closely with Buckley Aircraft Finance to create finance packages for its aircraft that will provide a professional, tailored, cost effective and efficient service to its customers.
Each finance solution is tailored to the customer, but we have published a number of baseline examples to give you some idea of what is achievable..
Why choose the Finance Option for a new aircraft?
Aircraft when well maintained and looked after retain a high residual value, and this can be calculated within finance packages to reduce terms or monthly payments.
If you are a business then acquiring a new aircraft with finance can be a highly tax efficient route and many costs can be tax deductible. Fundamentally as with many capital purchases, it allows you to retain more of your capital whilst acquiring that essential aircraft.
Our tailored packages can vary the length of term, deposit payment and residual value to provide you with a bespoke finance product. To give you some ideas TLAC has created a number of example packages for the C42 based on 2023 prices which can be downloaded. The basic principles with their advantages and disadvantages are below: –
The basic principles of this have remained unchanged for many years. You pay a deposit followed by a number of monthly instalments generally over 1-7 years. There is a “document fee” with your first monthly payment to cover the finance company’s costs and the cost to register the aircraft mortgage with the CAA. With a credit sale agreement there is no “option to purchase fee” at the end, when the term is completed, you own the aircraft outright.
This is the same as Option 1 the credit sale agreement, except, a proportion of the balance to finance is saved until the end of the agreement and is then- is payable in a lump sum. On some occasions the balloon payment can be up to 50% of the value of the aircraft, or, as low as you would like it to be.
The Light Aircraft Company Ltd is an introducer appointed representative of Buckley Asset Finance Ltd trading as Buckley Aircraft Finance. Our FCA number is 992595. Buckley Aircraft Finance is a broker not a lender and is authorised and regulated by the Financial Conduct Authority for credit broking. Finance subject to status. Terms and conditions apply. A guarantee may be required. Over 18’s only. The finance examples on this website are for illustration purposes. Real time finance discussions must be made direct with Buckley Aircraft Finance.
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