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Author Topic: Secured loan  (Read 670 times)


  • Former member
Secured loan
« on: March 27, 2011, 05:04:29 PM »
Just curious with this methods..

If i'm buying a cheap grand caravan and make it as a security back up, do i have to keep it flyable or i can just skip the C/D check? Also if (for example) the max amount of secured loan available is 500m, can i still use the caravan as a security backup?

appreciate your answer!!  ;D ;D

Offline BobTheCactus

  • Members
  • Posts: 1244
Re: Secured loan
« Reply #1 on: March 27, 2011, 06:19:54 PM »

As a rule, you can only count on getting ~300% of market value as a secured loan. Sometimes you can get lucky and get as much as 400% market value. I suggest you save up and buy out an aircraft which you actually operate, it is better for your bottom line.
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