02 Nov 2025, 22:22 [ UTC - 5; DST ]
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Post subject: Re: Financing for MU-2  Posted: 18 Aug 2020, 10:49 |
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Joined: 08/13/20
Posts: 254
Post Likes: +183
Location: KLOU/KJVY
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Username Protected wrote: Had you tried: Rick Michalski: michalski@1stsource.comJust emailed him, thanks!
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-Citation 501
-Robinson R66
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Post subject: Re: Financing for MU-2 Posted: 18 Aug 2020, 15:25 |
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Joined: 05/31/13
Posts: 1354
Post Likes: +722
Company: Docking Drawer
Location: KCCR
Aircraft: C425
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Quote: Line of credit 4-6% right now, aircraft loan was quoted 3.5 and terms were LONG. My HELOC is currently 3% and my business LOC is 4.25%. Not sure what the term is but I believe 20 years and you can pay interest only for some period of time. Of course they're variable but I don't see rates increasing for a while.
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ATP, CFI-I, MEI
http://www.dockingdrawer.com
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Post subject: Re: Financing for MU-2 Posted: 21 Aug 2020, 12:45 |
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Joined: 08/13/20
Posts: 254
Post Likes: +183
Location: KLOU/KJVY
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Username Protected wrote: Thanks Tony! I spoke with my local banker today and he sounded encouraged that he might be able to get creative on this. I sent him my PFS, spec sheet, and lots of articles on the safety, efficiency, factory support and popularity of the MU-2! Fingers crossed... That worked!! Local banker  
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-Robinson R66
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Post subject: Re: Financing for MU-2 Posted: 21 Aug 2020, 14:52 |
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Joined: 08/13/20
Posts: 254
Post Likes: +183
Location: KLOU/KJVY
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Now I need someone to ferry this bird from Dallas --> Nashville... Any takers?! Would love to one-way down and join the ride.
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-Robinson R66
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Post subject: Re: Financing for MU-2 Posted: 21 Aug 2020, 14:56 |
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Joined: 11/08/12
Posts: 7637
Post Likes: +5027
Location: Live in San Carlos, CA - based Hayward, CA KHWD
Aircraft: Piaggio Avanti
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Username Protected wrote: Now I need someone to ferry this bird from Dallas --> Nashville... Any takers?! Would love to one-way down and join the ride. Talk to Reece Howell, he may be able to have Jerry Adcock go with you (I think Reece is no longer flying these days). Then you could also log instruction. Since they’re in Smyrna (Nashville) it’s basically be just a one way ticket to get one of them to Dallas.
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-Jon C.
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Post subject: Re: Financing for MU-2 Posted: 21 Aug 2020, 14:58 |
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Joined: 08/13/20
Posts: 254
Post Likes: +183
Location: KLOU/KJVY
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I've called them twice, still waiting to hear back if Jerry's available anytime this year or not.... I was hoping to get this plane moved in <7 days
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-Citation 501
-Robinson R66
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Post subject: Re: Financing for MU-2 Posted: 25 Aug 2020, 21:28 |
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Joined: 08/21/14
Posts: 293
Post Likes: +90
Location: KPDK
Aircraft: C421B MU2-40 Solitai
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Congratulations Which MU-2 did you buy?
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Sandy
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Post subject: Re: Financing for MU-2 Posted: 26 Aug 2020, 21:04 |
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Joined: 04/09/16
Posts: 564
Post Likes: +168
Location: Utah
Aircraft: MU-2, L-39, SA341B
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Did you find a pilot? Where is the airplane currently?
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Post subject: Re: Financing for MU-2 Posted: 26 Aug 2020, 22:43 |
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Joined: 04/19/09
Posts: 298
Post Likes: +140
Location: White Lake, MI (KPTK)
Aircraft: PA28-180
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Username Protected wrote: I thought that one was in Kansas? Yeah, I believe you're correct. I'm not sure then.
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Post subject: Re: Financing for MU-2 Posted: 28 Aug 2020, 19:52 |
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Joined: 08/21/14
Posts: 293
Post Likes: +90
Location: KPDK
Aircraft: C421B MU2-40 Solitai
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Nice plane. Why don't you get Ted to fly it for you?
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Sandy
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Post subject: Re: Financing for MU-2 Posted: 28 Aug 2020, 23:22 |
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Joined: 10/05/09
Posts: 367
Post Likes: +194
Location: Portland, Oregon
Aircraft: MU-2B-26
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Sanford, and everyone else, time to share with the class I suppose. I am the guy who put the deposit on Ted DuPuis plane, going to Kansas City to pick it up next weekend. I have managed by some miracle to get insurance ( thanks Tom Johnson!) and engaged the services of James Drexler to provide the required SFAR training as we fly the MU2 back home and then as much more time as needed to complete the whole process. This is going to be a big step for me, but I have been considering this for around five years now, and this plane just seemed to be the right fit. Time will tell. Anyone know anyone who wants a really nice 1983 P210, I happen to know of one for sale.....  Jeff Axel
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Post subject: Re: Financing for MU-2 Posted: 28 Aug 2020, 23:27 |
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Joined: 07/24/14
Posts: 1964
Post Likes: +2720
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Username Protected wrote: Sanford, and everyone else, time to share with the class I suppose. I am the guy who put the deposit on Ted DuPuis plane, going to Kansas City to pick it up next weekend. I have managed by some miracle to get insurance ( thanks Tom Johnson!) and engaged the services of James Drexler to provide the required SFAR training as we fly the MU2 back home and then as much more time as needed to complete the whole process. This is going to be a big step for me, but I have been considering this for around five years now, and this plane just seemed to be the right fit. Time will tell. Anyone know anyone who wants a really nice 1983 P210, I happen to know of one for sale..... Jeff Axel Congrats, Jeff. The MU2 is a wonderful airplane. I miss my Marquise! Definitely a magic carpet ride.
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Jay
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