Cessna 182 Skylane Aircraft Financing

Lenders typically require a minimum credit score of 680-700 for Cessna 182 financing. Borrowers with scores above 720 receive the best rates. The 182's strong resale value and market demand help secure favorable financing terms for qualified borrowers.

Down payments typically range from 15-20% for used Cessna 182s and 10-15% for new models. Well-maintained aircraft with modern avionics may qualify for lower down payments, while high-time airframes may require 20-25%. Your credit profile and liquidity also influence down payment requirements.

Yes, Cessna 182s with up to 12,000 total airframe hours can be financed with good maintenance records. Lenders focus heavily on engine time (preferably under 1,200 hours since major overhaul) and overall mechanical condition. Complete logbooks and recent annual inspections are essential.

Typical loan terms range from 15-20 years for newer models and 12-15 years for older aircraft. Amortization can extend to 20 years, with balloon payments common at the end of shorter loan terms. Your final term depends on aircraft age, value, and your financial profile.

Turbocharged 182s (T182/182T) often have slightly higher insurance costs and maintenance reserves, but these don't significantly impact financing. Lenders view them favorably due to enhanced performance capabilities and strong market demand, especially in high-altitude regions.

Yes, avionics upgrades like Garmin G500/G600/G3X installations can often be rolled into your purchase loan or accomplished through a refinance. Modern glass cockpits typically add value exceeding their cost, making them attractive to both lenders and buyers.

Lenders require liability coverage (minimum $1M) and hull insurance covering the full loan amount. Annual premiums range from $1,800-$3,500 depending on pilot experience, hull value, and whether the aircraft is used for business or personal purposes. Commercial use increases premiums.

Pre-qualification typically takes 24-48 hours with basic information. Full underwriting requires 7-14 business days with complete documentation including tax returns, financial statements, and aircraft details. Closing can occur within 3-4 weeks of application, sometimes faster for experienced borrowers with clean credit.

Absolutely. The Cessna 182 is commonly used for business travel, and business use can provide significant tax advantages including Section 179 depreciation, bonus depreciation, and operating expense deductions. You'll need to document business use and maintain proper records. Consult your tax advisor for specific benefits.

You can sell your Cessna 182 at any time and use equity toward your next aircraft. The 182's strong resale values often mean you build equity quickly, especially if you maintain it well and make strategic improvements. Some lenders offer streamlined refinancing or trade-up programs if upgrading within their portfolio.