yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Should you buy your private jet in cash?


less than 1m read
·Nov 3, 2024

Steve, I'm about to buy my first jet. Should I pay cash or should I finance it?

I really think it depends. If you can make more money than they're going to charge with the bank, obviously then borrow the money. But I'd say about 80% of the people finance airplanes just because they can make more money with their own money, so they use the bank's funds.

It really depends on what the best use of your cash is to finance a jet. How does it work? It depends on how old the airplane is. Usually, you could borrow between 50% and 90% of the cost of the airplane, and then they usually advertise the loan over 5 or 10 years. The interest rate depends big time on what your credit level is like.

Is there ever a time where you suggest I pay cash?

Yeah, sure. Because if you get an older airplane or you get an airplane that's, let's say, under $5 million, the banks don't really want to finance you because it's too much work. It's the same amount of work to do a $5 million loan as a $50 million loan, and they really don't want to do those kind of low number loans. So it's best if you use cash on a small airplane.

Thanks, Steve. That's why I always choose the jet business.

More Articles

View All
The CRAZIEST stories of a Real Estate Agent (Featuring Meet Kevin)
We googled this guy’s name and we found out that this guy ended up being a romance scam artist. He would try to guilt people into having the other person put a deposit into the escrow to get past the contingency periods. So now the deposit was at risk. Th…
my 6am productive morning routine
Good morning! Hi guys, it’s me. Today I just woke up, as you can probably tell. I’m like super sleepy. It’s currently 8:20 AM. I was planning to wake up at 6:30 AM, but I snoozed my alarm a couple of times, and I didn’t realize it. And it’s currently 8:20…
Top 5 Video Game WTFs!!
Today we are going to be looking at some of the Top 5 Video Game WTF’s. There are way more than 5 out there, but guess what, 5 is a nice round number, and it’s the number of girlfriends I have. And by 5, I mean 0. Definitions: I’m not including things th…
Elliot Choy asks Ray Dalio about his early goals
Was was that first step for you? Do you recall kind of some of your early goals? Was it simply to find some level of success, some level of security? Do you remember what those first steps were for you? Well, it was, um, it was more a passion, you know? …
LET NO ONE WORRY YOU | ALAN WATTS MOTIVATIONAL SPEECH
Let’s start by looking at what it means to find stillness within. Often we think that peace, real inner calm, is something we have to create by arranging everything in our world just so. Maybe it’s finding a quieter space, reducing the number of people ar…
The pH scale | Acids and bases | AP Chemistry | Khan Academy
For a sample of pure water at 25 degrees Celsius, the concentration of hydronium ion is equal to 1.0 times 10 to the negative seventh molar. Because the concentrations are often very small, it’s much more convenient to express the concentration of hydroni…