SASW@MIT-MC (12/18/82)
From: Steven A. Swernofsky <SASW at MIT-MC>
I have made inquiries with (a) banks in the Boston Area, and (b) Cessna
Finance Corp. about financing a small airplane. Everyone I talked to
was willing to finance 80% of the purchase price, exclusive of sales
taxes, at a rate which was not excessive, but more than for a new car or
house. No other charges ("points") were added.
Today I noticed that some local (L.A.) banks offer what are called RV
(recreational vehicle) loans. Well, an airplane IS a vehicle. Maybe
they can be convinced.
-- Steve