Purchasing an aircraft is a major investment. For a business seeking options to invest in a vehicle replacing traditional methods of transport, it's a decision that merits much discussion and planning. Also true for a company who intends to furnish themselves with many aircraft for commercial purposes. What is the impact on your cash flow? How can a company reduce the initial capital outlay? May you buy without any significant exposure?
There is a solution for businesses with precisely these concerns. Commercial hire purchases are a great product for businesses who want to take advantage of numerous financial benefits.
Put simply, a commercial hire purchase is a loan product in which a financier owns your purchased aircraft throughout the loan period. Ownership passes to you at the end of the hire purchase term.
Hire purchases are taken by companies to keep regular cash flow. One may finance 100% of their aircraft, helicopter or engine rebuild/conversion - no capital outlay is required. Another advantage to aircraft hire purchases is that you gain fixed monthly repayments to account for regular outlays in the short and long term. Plus, since the interest rate is secured against your aircraft, we are able to offer our customers even lower interest rates - always better than our competitors do!