Cessna Finance (CFC) has developed a new set of finance programmes to help boost slower than expected sales of the recently relaunched Cessna single products, including the 172R Skyhawk, 172S Skyhawk SP, 182 Skylane and 206/T206 Stationairs.
CFC, a wholly owned subsidiary of Textron Financial, has developed the packages to "-put an end to the myth that new aircraft ownership is 'high cost' ownership", says company president Leon Metzinger. "Our programmes are designed to provide attractive monthly payments, often below $1,000, and other features such as no application fees, no loan origination fees and no prepayment penalties."
The 172R Skyhawk programme, for example, is based on a 7.99% fixed rate, with a term ranging from 13 to 16 years depending on purchase price. With the optional Nav II package, the aircraft carries a monthly payment of $995 for the first 12 months, $1,195 for the next 12 months, and $1,295 for the remaining term.
Source: Flight International
