![]() ![]() This is because planes depreciate rapidly and it’s hard to determine the true value of the plane. Further, older planes may have a limit of 10 to 20 years. It is rare to see a plane loan term exceed 20 years. In most instances, plane loans will have a loan term up to 20 years. This is because planes are more expensive than other vehicles. In general, plane loan terms are longer compared to other vehicle loans. How long is a typical aircraft loan term? Thus, lenders may look at factors like your debt to income ratio, liquidity, and comparable debt. When applying for a plane loan, lenders will look at your entire financial history. In general, your credit score will not be the deciding factor.
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