The team at Igneous Asset Finance have financed some interesting items over the years, but our latest finance deal might have topped the rest! The Cirrus SR22T is a popular light aircraft, with this example valued at £389,000.00. We were approached by our client to either release equity from his helicopter to enable the purchase of his new plane, or to fund it directly. A fast resolution was critical, as there were other potential buyers on the horizon. We decided that direct funding would be the best way to go forward, and within 48 hours we obtained a decision.
An 84-month term was agreed upon with a residual value at the end of the contract, which enabled us to achieve our client’s exact budget requirements.
CIRRUS SR22T Specifications
Engine Horsepower: 315
Model: TSIO-550-K Turbocharged
Takeoff: 1517 ft (462 m)
Takeoff Over 50ft Obstacle: 2080 ft (634m)
Climb Rate: 1203 ft/min (6.1 m/sec)
Max Operating Altitude: 25,000 ft (7,620 m)
Stall Speed with Flaps: 60 KCAS
Max Cruise Speed: 213 KTAS
Landing Groundroll: 1178 ft (359 m)
The process was fast and smooth from start to finish and with this deal now completed we look forward to providing more aviation funding for our customers. If you are looking to finance an aeroplane, helicopter, or even a glider, please get in contact with us today.