Finance for Microlight

Blue Angel · Postby **Blue Angel** » Wed Oct 25, 2006 2:43 pm

Hi,

Does anyone know where one can go for finance to purchase a Microlight?

Postby **Morph** » Wed Oct 25, 2006 2:58 pm

Welcome Blue Angel

If the microlight is built by a recognised factory then you can easily get financing through Wesbank etc. Models such as the Jabiru, Bantum, Bush Baby(factory built), Cheetah, etc are easy. The banks won't easily finance a kit that you would build yourself. When financing through a bank you will have to take out comprehensive insurance which is expensive. (around R600 per month per R100,000 value)

Second hand planes can also be financed if bought via a recognised business like one of the training schools. Again this depends on the plane and who built it.

Blue Angel · Postby **Blue Angel** » Wed Oct 25, 2006 3:06 pm

Thank you very much for quick reply,
I was looking at a second hand Aquilla in the range of R65000.00 to 70000.00 (Finanecd), I will give Wesbank a call and see what they say.

Sorry for not introducing myself, I am a pilot to be, I have completed my first hour at Skyriders last week. One can not describe how much fun it is.I am also a RC Pilot. Once again Thank you.

Postby **Morph** » Wed Oct 25, 2006 3:23 pm

There are quite a few for sale in the "For Sale" section here on this site.

Good luck with the banks

If you cannot get vehicle finance you can always look at a personal loan through a bank, or loaning money on your housebond, or selling your wife and children

Blue Angel · Postby **Blue Angel** » Wed Oct 25, 2006 3:27 pm

Heheheh, I was thinking of selling MYSELF!!

Thanks for assistance.
Keep up this great site.

RV4ker (RIP) · Postby **RV4ker (RIP)** » Wed Oct 25, 2006 4:19 pm

demon wrote:
or selling your wife and children
Eish there would an oversupply of those if people could trade them in for flying toys

You can't

Now you tell me.

Blue Angel · Postby **Blue Angel** » Wed Oct 25, 2006 4:24 pm

Cool thanks, I have PM'd Afskies, awaiting a reply.

afskies scribe · Postby **afskies scribe** » Wed Oct 25, 2006 5:01 pm

Hiya Blue Angel, check your PM - best of luck with buying your own set of wings and let us know how you get on

:D

IFLYHI · Postby **IFLYHI** » Wed Oct 25, 2006 5:08 pm

Blue Angel wrote:Heheheh, I was thinking of selling MYSELF!!

Thanks for assistance.
Keep up this great site.

So do I

but due to my good natured heart I always end up giving my body away to the desperate woman

RV4ker (RIP) · Postby **RV4ker (RIP)** » Wed Oct 25, 2006 5:26 pm

I know DJ&A were doing finance a on stage. Check with pam Williams on www.jankelow.co.za. Also Stannic and Wesbank were doing deals, but they all prefer new rather than second hand...

Good luck and keep us updated of your progess...

Blue Angel · Postby **Blue Angel** » Thu Oct 26, 2006 7:46 am

Hi all,

Thanks, I see the website you gave me is under construction, do you perhaps have a telephone number?

afskies scribe · Postby **afskies scribe** » Thu Oct 26, 2006 7:52 am

Blue Angel - Dennis Jankelow tel nos. tollfree 0800-FLYING, 011 4635550

Dre'man · Postby **Dre'man** » Thu Oct 26, 2006 6:47 pm

Please keep this post updated as there are a number of us in the same boat.

Regards

Andre

Blue Angel · Postby **Blue Angel** » Fri Oct 27, 2006 7:24 am

Hi,

I called Dennis Jankelow and they advised the following " Banks and whoever finanance microlights will do it if it is brand new, you will battle if it is a second hand one, if you buy a new one you will require a deposit of 20%, we worked the following out for example - R150000.00 less 20% deposit = R2790.00pm, this exludes insurance.This will apply over a term of 5 years.My opinion is like most advised already, take a personal loan or agains your bond.Wish there was another way.