Aircraft Affordability Takes Off as Federal Interest Rates Drop
With rates down from 2023's inflation-fighting levels, consumers considering an aircraft purchase are in for a deal now that federal interest rates have decreased.
Why Are Rates Down?
The change in federal interest rates comes after the
The committee's long-term goals are to achieve higher employment numbers and bring inflation down to 2 percent.
In the
"The Committee will continue reducing its holdings of
agency mortgageābacked securities,"
The next set of
What Does This Mean for Aircraft Buyers?
Lower interest rates typically means better payment plans on big purchases, aircrafts included.
The 0.5 percent drop can mean hundreds of dollars saved in monthly payments, depending on the amount of an individual's down payment and the term of their loan.
FLYING Finance's Aircraft Finance Calculator can be used to determine an affordable payment plan for prospective buyers. This tool allows users to configure their ideal purchase price, loan term, down payment, and adjust for the lowered interest rates to calculate what their monthly payment would be.
For example, a 20-year term for an aircraft purchased for
Additional resources on aircraft purchasing are available at FLYING Finance.
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