Finance Your Piper Cherokee Six
The Piper Cherokee Six is a six-seat family hauler that combines performance, capability, and value. Whether you're upgrading your aircraft or making your first purchase, we provide specialized Piper Cherokee Six financing solutions with competitive rates and flexible terms tailored to your needs.
Piper Cherokee Six Specifications & Performance
Specification | Details |
---|---|
Category | Piston Single-Engine |
Price Range | $85,000 - $320,000 |
Typical Used Price | $165,000 |
Engine | Lycoming IO-540 (260-300 hp) |
Cruise Speed | 145 knots |
Range | 780 nm |
Seats | 6-7 |
Useful Load | 1,550 lbs |
Service Ceiling | 15,000 ft |
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Get Aircraft Financing QuotesWhy Finance a Piper Cherokee Six?
- Massive Useful Load - 1,550 lbs handles six adults plus fuel
- Spacious Cabin - Large double cargo doors for loading
- Reliable Lycoming Six - IO-540 engine proven across thousands of aircraft
- Affordable Six-Seater - Lower cost than Cessna 206 or Saratoga
- Versatile Platform - Family, cargo, or light commercial use
Piper Cherokee Six Financing Options
Competitive Interest Rates
- New Piper Cherokee Six: Starting at 6.5% APR
- Late-model used (2010+): Rates from 6.75% APR
- Older models: Rates from 7.5% APR
- Terms up to 20 years available for qualified buyers
Flexible Down Payment Options
- As low as 15-20% down for qualified buyers
- Higher down payments may qualify for better rates
- Trade-in equity can be applied to down payment
- Refinance options available for existing owners
Frequently Asked Questions - Piper Cherokee Six Financing
What credit score do I need to finance a Piper Cherokee Six?
Lenders typically require a minimum credit score of 680-700 for Piper Cherokee Six financing. Borrowers with scores above 720 receive the best rates. The Piper Cherokee Six's strong market demand helps secure favorable financing terms for qualified borrowers.
How much down payment is required for a Piper Cherokee Six?
Down payments typically range from 15-20% depending on aircraft age, condition, and buyer qualifications. Well-maintained aircraft with modern avionics may qualify for lower down payments. Your credit profile and experience also influence requirements.
What loan terms are available for Piper Cherokee Six financing?
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 flexible balloon payment structures. Your final term depends on aircraft age, value, and your financial profile.
What insurance is required for a financed Piper Cherokee Six?
Lenders require liability coverage (minimum $1M) and hull insurance covering the full loan amount. Annual premiums range from $1,800-$5,000 depending on pilot experience, hull value, and whether the aircraft is used for business or personal purposes. Insurance costs are generally reasonable for this aircraft type.
How quickly can I get approved for Piper Cherokee Six financing?
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.
Can I include avionics upgrades in my Piper Cherokee Six financing?
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 prefer certified installations with proper documentation.
What happens if I want to upgrade to a different aircraft later?
You can sell your Piper Cherokee Six at any time and use equity toward your next aircraft. Well-maintained aircraft typically build equity over time, especially if you maintain it well and make strategic improvements. Some lenders offer streamlined refinancing or trade-up programs.
Start Your Piper Cherokee Six Financing Today
Experience professional aviation financing designed specifically for Piper Cherokee Six aircraft. Our specialists understand this aircraft's unique qualities and can secure the best terms for your purchase.
Get Pre-Qualified NowRelated Articles & Resources
- Complete Beginner's Guide to Buying a Piper Cherokee Six - Specifications, pricing, and ownership costs
- Aircraft Financing Options Guide - Compare loan programs and lenders
- Cessna 182 Financing - Popular single-engine financing
- Aircraft Insurance and Financing - Understanding insurance requirements
- Aircraft Financing for First-Time Buyers - Step-by-step guide