Finance
Posted: Thu Mar 06, 2014 7:35 pm
Who does finance for microlights?? I have never tried to apply as yet...will it be someone like Wesbank?? Any idea what their requirements are regarding the aircraft?
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Re: Finance
Posted: Fri Mar 07, 2014 4:02 am
Don't think you will be able to finance a microlight easily. Most guys just do a personal loan. Apparently microlights are risky according to the banks and life insurance companies
Re: Finance
Posted: Fri Mar 07, 2014 6:45 am
Kobus , try ABSA , I had success with them a couple of years back ( LSA)
Re: Finance
Posted: Fri Mar 07, 2014 11:38 am
Kobus, I'm getting the contact persons details - will advise soonest
Re: Finance
Posted: Fri Mar 07, 2014 4:56 pm
thanks man appreciate 
Re: Finance
Posted: Fri Mar 07, 2014 11:12 pm
WESBANK.... hmmmmph, don't make me giggle 
From their website....
From their website....
The experts in Aviation Finance
WesBank is an expert in aviation finance and can tailor-make a solution to suit your aircraft finance requirements. Whether you are adding an aircraft to your existing fleet or wish to improve your executive travel arrangements, we have a finance solution for you.
We finance General Aviation aircraft supplied by our trusted agents and approved suppliers and we welcome all established business owners to try us first. So if you are buying a local aircraft or importing, we have the expertise to assist you.
Please note that our minimum deal size is R750,000 for local transactions and R3 million for imports. We do not finance Non Type Certified Aircraft (i.e. Light Sport or Microlights) and we may insist on having Indigosat aircraft satellite tracking devices installed on certain Turbine or Jet aircraft. All private sale transactions will require an inspection by our approved appraiser, Aircraft Assessing Company, to confirm condition and value.