Posts: 1
Joined: Thu Apr 28, 2005 8:14 am

Airplane Financing For Resident Alien Canadian?

Thu Apr 28, 2005 8:18 am

Does anyone here know of a financial institution willing to underwrite an aircraft loan to a resident alien Canadian?

I live & work in the U.S. under a TN-1 visa, for the last 2.5 years. I can get a $300,000 mortgage, but I can't get a $30,000 aircraft loan. The first 4 companies I contacted (MBNA was the first, since I'm an AOPA member) refused me either because I'm not an American citizen or because I don't have a 5 yr credit history in the US (MBNA won't feel like calling all the way to Canada to get my excellent 20 year credit history there). At least the FAA just wants my passport & fingerprints...

I'd rather not take out a 15% personal loan from my bank.

Has anyone dealt with a company that could help me out?

Posts: 449
Joined: Mon Dec 27, 2004 5:19 am

RE: Airplane Financing For Resident Alien Canadian?

Thu Apr 28, 2005 8:32 am

Tell 'em you're Mexican..
Posts: 506
Joined: Wed Dec 17, 2003 12:13 pm

RE: Airplane Financing For Resident Alien Canadian?

Thu Apr 28, 2005 8:55 am

You crack me up Biggles.

I know they don't do car loans for Mexican aliens. Never thought about an airplane loan.

But seriously MikeTheBike, get the mortgage for the house and buy the plane with cash. That way, it´s all tax deductible.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos