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Good question.
We decided to buy an Cessna 182T for our company to go with the two leased 172s. The leased ones were easy, just write a check for the year lease, and we fly off after we show the insurance binders.
It was worse than buying a house to get the 182. My business partner and I both had to use our personal credit to get approved to buy the airplane even after putting down 25% down payment on the airplane.
I suspect after we have paid on the airplane for a few years they will consider the company assets as collateral for future credit. We hope to never need to borrow money again. It is the first loan I have had in many long years. Of course after getting I get loan now the interest rates are going up.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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