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Frequently Asked Questions

Q. What makes Scope different from other aviation lenders?
A: We are quality driven, customer care focused. We can customize your loan structure. Scope takes the time to resolve title issues.

Q: What loan term might I expect?
A: Scope will recommend a proper loan structure to fit your situation. The typical loan term is 15 years, but could be up to 20 years, depending on the down payment and credit qualification.

Q: Why don't you advertise 10% down, and a 20-year loan term?
A: Typically, those result in a negative equity situation. When you are ready to trade up or sell your airplane in a few years, you may end up writing a big check for the difference.

Q: Do you have loan amount limits?
A: Scope finances aircraft in the range of $200,000 to $5 million

Q: What down payment do you require?
A: Scope requires a minimum of 15% for both loans and leases.

Q: What financial information is required?
A: See our Required Financial Information page

Q: What aircraft do you finance?
A:
  • US registered and operated; based in the “lower 48” states
  • High performance piston through turbine aircraft, flown for personal or executive transportation.
  • No scheduled carrier operations.
  • No Stage II noise.
  • Jets must have RVSM and TAWS as required.
  • Q: Is there an age limit for the aircraft financed?
    A: Aircraft may be up to 25 years old, depending on the make & model.

    Q: Is Scope a finance broker?
    A: Scope is a bank subsidiary. We underwrite and keep all loans and leases in our portfolio. You remain with the same relationship officer through the closing and the life of the loan.

    Q: Can Scope approve and close loans quickly?
    A: Yes! We are equipped to expedite your closing, if that is your need.

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    140 E. Town Street, Suite 1010, Columbus, Ohio 43215
    1-800-357-5773 or 614-221-5773, fax 614-221-2411

    Copyright © 2010, Scope Aircraft Finance