Financing Seaplanes and Amphibious Aircraft

Financing seaplanes and amphibious aircraft like a Cessna Caravan on floats or a Wipaire-equipped Cub involves a specialized lending approach. These aircraft operate in harsh saltwater or freshwater environments, which presents unique risks that lenders must consider.

Key Lender Considerations for Seaplanes

• Corrosion Inspection: A meticulous pre-buy inspection focusing on corrosion is non-negotiable. Lenders will require a report from a mechanic with extensive experience in seaplanes.
• Insurance: Insurance premiums for seaplanes are typically higher than for their land-based counterparts. Lenders will require proof of a policy that specifically covers water-based operations.
• Pilot Experience: A pilot's experience and specific ratings for single-engine sea (SES) or multi-engine sea (MES) are heavily scrutinized. Low-time pilots may face challenges or require higher premiums.
• Float Condition and Age: The make, model, and condition of the floats themselves are a key part of the collateral's value.