Finance Your Cessna Caravan 208B

The Cessna Caravan 208B is a turboprop utility workhorse that combines performance, capability, and value. Whether you're upgrading your aircraft or making your first purchase, we provide specialized Cessna Caravan 208B financing solutions with competitive rates and flexible terms tailored to your needs.

Cessna Caravan 208B Specifications & Performance

SpecificationDetails
CategoryTurboprop Single-Engine Utility
Price Range$1,200,000 - $3,500,000
Typical Used Price$2,200,000
EnginePratt & Whitney PT6A-114A (675 shp)
Cruise Speed185 knots
Range920 nm
Seats9-14
Useful Load4,070 lbs
Service Ceiling25,000 ft

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Why Finance a Cessna Caravan 208B?

  • Legendary Reliability - PT6A turbine engine with proven track record
  • Massive Useful Load - 4,070 lbs handles heavy cargo or passengers
  • Versatile Configurations - Passenger, cargo, combi, or float setups
  • Revenue Generation - Ideal for Part 135 charter and cargo operations
  • Float/Amphib Capability - Popular seaplane platform worldwide

Cessna Caravan 208B Financing Options

Competitive Interest Rates

  • New Cessna Caravan 208B: Starting at 5.5% APR
  • Late-model used (2010+): Rates from 5.75% APR
  • Older models: Rates from 6.5% APR
  • Terms up to 20 years available for qualified buyers

Flexible Down Payment Options

  • As low as 15% down for qualified buyers
  • Higher down payments may qualify for better rates
  • Trade-in equity can be applied to down payment
  • Refinance options available for existing owners

Frequently Asked Questions - Cessna Caravan 208B Financing

What credit score do I need to finance a Cessna Caravan 208B?

Lenders typically require a minimum credit score of 680-700 for Cessna Caravan 208B financing. Borrowers with scores above 720 receive the best rates. The Cessna Caravan 208B's strong market demand helps secure favorable financing terms for qualified borrowers.

How much down payment is required for a Cessna Caravan 208B?

Down payments typically range from 15% depending on aircraft age, condition, and buyer qualifications. Well-maintained aircraft with modern avionics may qualify for lower down payments. Your credit profile and experience also influence requirements.

What loan terms are available for Cessna Caravan 208B financing?

Typical loan terms range from 15-20 years for newer models and 12-15 years for older aircraft. Amortization can extend to 20 years with flexible balloon payment structures. Your final term depends on aircraft age, value, and your financial profile.

Can I finance a Cessna Caravan 208B for business use?

Absolutely. The Cessna Caravan 208B is commonly used for business travel, and business use provides significant tax advantages including Section 179 depreciation, bonus depreciation, and operating expense deductions. Consult your tax advisor for specific benefits applicable to your situation.

What insurance is required for a financed Cessna Caravan 208B?

Lenders require liability coverage (minimum $1M) and hull insurance covering the full loan amount. Annual premiums range from $1,800-$5,000 depending on pilot experience, hull value, and whether the aircraft is used for business or personal purposes. Insurance costs are generally reasonable for this aircraft type.

How quickly can I get approved for Cessna Caravan 208B financing?

Pre-qualification typically takes 24-48 hours with basic information. Full underwriting requires 7-14 business days with complete documentation including tax returns, financial statements, and aircraft details. Closing can occur within 3-4 weeks of application, sometimes faster for experienced borrowers with clean credit.

Can I include avionics upgrades in my Cessna Caravan 208B financing?

Yes, avionics upgrades like Garmin G500/G600/G3X installations can often be rolled into your purchase loan or accomplished through a refinance. Modern glass cockpits typically add value exceeding their cost, making them attractive to both lenders and buyers. Lenders prefer certified installations with proper documentation.

What happens if I want to upgrade to a different aircraft later?

You can sell your Cessna Caravan 208B at any time and use equity toward your next aircraft. Well-maintained aircraft typically build equity over time, especially if you maintain it well and make strategic improvements. Some lenders offer streamlined refinancing or trade-up programs.

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