Competitive aircraft & aviation finance
Competitive finance for planes, helicopters, engines and more!
Aviation finance options
Are you into civil aviation? Is your business in need of new aircraft? Perhaps you need new engines, avionics or fuselage replacements. Savvy is your go-to finance brokers for all things aircraft and civil aviation.
We finance all sorts of civil aircraft for private and business use. We finance single seat, twin-prop, light aircraft, helicopters, and fixed-wing aircraft all the way up to private and corporate jets. We finance new and used aircraft, subject to approvals. We also finance aircraft for specialised tasks, such as crop-dusters, cargo haulers and sky-writers. Talk to us about your options. We aren’t limited to just financing aircraft. Savvy also help with financing and purchase of new parts such as engines, engine conversions, avionics packages and repairs.
Flexible aviation loan packages
We also find and provide finance for ground equipment such as hangars, fuel trucks and aircraft tugs. Please contact us for more information so we can better cater to your exact situation.
Our aircraft finance packages are fair, competitive and flexible. Much like out car and heavy vehicle financing options, we offer hire purchases, chattel mortgages, leases and other non-conforming loans that suit your personal or business needs.
We have a team of financial professionals that work hard to find the best aircraft finance packages. We have access to many of Australia’s largest, most trusted and best aviation financiers. You’ll soon agree our expertise on aviation and aircraft finance is second-to-none.
Compare lenders, calculate and save on your aviation loan
Savvy offers a complete range of aviation loan options to suit all needs. Compare and save with Savvy. Savvy has access to all major banks and lenders in the country. We hold accreditation with all the major lenders in the country and have experienced consultants to tackle any requirement.
|Lender||Product Name||Advertised Rate||Comparison Rate||Monthly Repayment|
|Savvy||Secured Aircraft Loan|| 4.99% |
|BankWest||Business FeeSaver Loan - Res Sec|| 5.80% |
|BankSA||Business Loan Variable|| 6.78% |
|ANZ||Business Loan Variable - Res Sec|| 7.10% |
|Commonwealth Bank||BBL Var Non-Res Sec|| 7.81% |
* The interest Rate of 4.99% p.a. with a comparison rate of 6.60% p.a. is based on a 5 year secured consumer fixed rate loan of $40,000. WARNING: The comparison rate, monthly repayment and total cost applies only to the example given and may not include all fees and charges. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate. Establishment fees and monthly fees apply only to consumer loans. Commercial use loans may attract different fees.
See how we can help you with your aviation finance
We are accredited with the most reputable lenders in Australia giving you a fair choice to compare.
What our customers say about their finance experience
Read true stories of about customers about their finance experience with us
Got aircraft loan questions?
Find answers to all the commonly asked aircraft finance questions here and learn all there is to know about aviation finance
Helpful information on aviation loans
Learn more about all things aviation finance in our helpful and informative guides
Home equity vs. dedicated aircraft finance
Some people who stride into the broker or lender’s office with a new private pilot’s licence may stop short – their first brainwave is “why not pay for my new aircraft with my existing home equity or line of credit?” The thought is tempting – avoiding “higher” interest rates, extra paperwork and the hassle of finding a new lender. But if you opt for home equity release to finance a plane, you will likely end up paying more. Though a mortgage has a lower interest rate on paper, the loan term is significantly longer. That means you will pay more in interest over time than getting a competitive aircraft loan.
Bundle aviation insurance with your broker
The obvious answer to “why bundle aviation insurance with your finance broker” is this: convenience. But there’s more to having one consultant answer calls about payments and claims. A broker has buying power; and they can leverage that buying power on your behalf when it is time to claim. Insurance companies make money when they can deny claims – and they do try it when they can get away with it! but it’s harder to deny a whole team of brokers with millions of dollars of premiums on the books. A broker can bargain on your behalf and be your advocate when you need to claim.
How to save on GST and depreciation - aircraft finance
Aviation finance is a big leap for any business. It makes sense to claim as many deductions as possible to help cash flow. As a business, you can select from chattel mortgages, aircraft leasing and commercial hire purchases. All these options means you can claim GST, interest paid and depreciation back on your next BAS statement. For chattel mortgage and hire purchases, you can apply for 100% finance (or more), longer or shorter loan terms and opt for balloon payments. These products also allow you to amortise other expenses such as services and insurance in one easy to access facility.
Does aircraft have a lifecycle?
Like all big and heavy machinery, aircraft has a definite lifecycle. If you are buying new (or building from a kit!) you’ll be paying a premium – or so it seems. A new aircraft is factory fresh, and has high residual value. This is good if you decide to sell your aircraft at any point. However if you’re buying used, you should figure out where the aircraft is in its lifecycle. Some sellers offload aircraft that will cost them thousands in engine rebuilds or fuselage refits. Before buying, you should always determine what you require an aircraft for, and what stage of its lifecycle will best suit you or your business’ needs.