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