Daher TBM 960 Aircraft Financing

Finance Your Daher TBM 960

The Daher TBM 960 is a latest generation turboprop single that combines performance, capability, and value. Whether you're upgrading your aircraft or making your first purchase, we provide specialized Daher TBM 960 financing solutions with competitive rates and flexible terms tailored to your needs.

Daher TBM 960 Specifications & Performance

Specification	Details
Category	Turboprop Single-Engine
Price Range	$4,500,000 - $5,500,000
Typical Used Price	$5,000,000
Engine	Pratt & Whitney PT6E-66XT (850 shp)
Cruise Speed	330 knots
Range	1,730 nm
Seats	6
Useful Load	2,950 lbs
Service Ceiling	31,000 ft

Why Finance a Daher TBM 960?

• PT6E Digital Engine - Electronic engine control for automation
• 330-Knot Performance - Maintains TBM speed leadership
• Autothrottle - Single-lever power management system
• Garmin G3000 - Integrated flight deck with emergency descent
• HomeSafe - Emergency autoland capability available

Daher TBM 960 Financing Options

Competitive Interest Rates

• New Daher TBM 960: 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

Daher TBM 960 Ownership Economics

The Daher TBM 960 represents the latest generation of the world's best-selling pressurized single-engine turboprop, with premium ownership economics. Direct Operating Costs (DOC) range from $3,000-4,000 per hour depending on utilization and maintenance. At current Jet-A prices ($5.00-5.75/gallon), the TBM 960 burns approximately 120 gallons per hour at cruise, equating to $600-690 in fuel per hour. Digital engine management optimizes fuel efficiency compared to older TBM models.

The Pratt & Whitney PT6E-66XT turboprop features extended TBO of 5,000+ hours and delivers 850 shaft horsepower for performance leadership. Engine overhaul costs approximately $120,000-160,000, yielding roughly $24-32 per hour in reserves when spread across 5,000 hours. This is exceptionally favorable compared to comparable single-engine piston aircraft with 2,000-hour TBOs requiring $60,000-80,000 overhauls.

Annual fixed costs include $18,000-26,000 for heated hangar (required for turboprops), $10,000-22,000 for hull and liability insurance, $5,000-7,500 for annual inspections with digital engine monitoring, and $1,500-2,000 for registration/misc. Total annual fixed costs approximate $34,500-57,500 depending on location and insurance underwriting. The HomeSafe emergency autoland system is included in annual maintenance budgets.

For an owner flying 300 hours annually with a $5,000,000 purchase price financed at 20% down ($1,000,000), financing $4,000,000 at 5.75% APR over 15 years equals approximately $33,700/month or $404,400/year. Total annual operating cost reaches $530,000-630,000 ($1,767-2,100 per hour). The TBM 960's 330-knot cruise speed and transcontinental range deliver unmatched value for mission-critical single-engine operations.

Daher TBM 960 Maintenance & Service Intervals

The TBM 960 follows Daher's advanced maintenance program with Pratt & Whitney turboprop specifications. Every 50 flight hours, abbreviated equipment checks cover engine parameters, digital fuel control system diagnostics, pressurization system integrity, and avionics validation. Annual inspections cost $5,000-7,500 and include detailed PT6E system inspection, hot section borescope inspection, and avionics software updates. Modern digital engine monitoring allows predictive maintenance scheduling.

At 500-hour service intervals, the TBM 960 requires turbine inlet temperature verifications ($3,000-4,000), compressor wash procedures ($4,000-5,500), oxygen and pressurization system overhauls ($2,000-3,000), and full de-ice system validation. These preventive maintenance items run $9,000-12,500 per 500-hour interval. The Hartzell propeller requires overhaul every 5-7 years regardless of hours, costing approximately $26,000-32,000.

Engine hot section inspection becomes necessary around 3,000-3,500 flight hours, examining turbine blades, combustor liners, and compressor stages for erosion or damage, running $16,000-22,000. The HomeSafe emergency autoland system requires periodic validation testing ($4,000-6,000) and avionics software updates ($2,500-3,500). Modern glass cockpit maintenance through Garmin support agreements typically costs $2,000-4,000 annually.

Engine overhaul at TBO (5,000+ hours) requires Pratt & Whitney factory remanufactured PT6E-66XT units at approximately $120,000-160,000 installed. Core exchange programs can reduce costs to $100,000-140,000 if your original engine is serviceable. The TBM 960's extended TBO and reduced overhaul frequency compared to piston aircraft provide significant long-term ownership cost advantages despite higher initial reserve requirements.

Daher TBM 960 Financing Rates & Terms

The TBM 960 commands premium financing rates due to its ultra-high acquisition cost ($4.5-5.5M), limited market depth, and ultra-specialized buyer base. New or late-model aircraft (2019+) with low turbine hours typically qualify for 5.00%-5.50% APR with 20% down. Well-maintained models (2016-2018) see rates from 5.50%-6.25%, while older models (pre-2016) generally require 6.25%-7.00% depending on turbine time and maintenance records.

Aircraft with damage history, incomplete logs, corrosion, or deferred maintenance may face rates at 7.00%-8.75% or require 25-30% down payments. The TBM 960's HomeSafe system and known ice certification command favorable rate treatment when properly documented. Down payment requirements typically range from 15-25% depending on aircraft age, condition, and buyer qualifications.

Loan terms for the TBM 960 typically range from 12-20 years depending on aircraft age. A $5,000,000 aircraft with 20% down ($1,000,000) financed at 5.75% over 15 years costs approximately $33,700/month. The same loan over 20 years reduces monthly payments to $28,200, a difference of $5,500/month or $66,000 annually. Balloon payment structures are standard for late-model aircraft, allowing lenders to participate in residual value appreciation.

Interest rate premiums apply for aircraft approaching turbine TBO. Aircraft with engine time over 3,800 hours face 0.25%-0.50% increases. Those approaching 5,200+ hours may require 0.75%-1.50% premiums or higher down payments. Business use aircraft receive favorable rate treatment as the TBM 960's speed (330 knots) and range (1,730 nm) make it ideal for executive transportation with associated Section 179 and bonus depreciation benefits.

Daher TBM 960 Ownership Alternatives

Given the TBM 960's ultra-premium $5M positioning, alternative ownership structures should be seriously evaluated. Fractional ownership programs like NetJets offer guaranteed scheduling and professional crew without full ownership obligations. Fractional programs for TBM 960-class aircraft typically require $1,200,000-1,800,000 initial purchase with $18,000-26,000 monthly management fees plus $7,000-9,000/hour flight costs, ideal for operators flying less than 150 hours annually.

Partnership structures split capital and operating costs among 2-3 owners, reducing individual expense to roughly $25,000-40,000 annually in fixed costs plus hourly charges. Multi-owner entities optimize insurance costs and provide operational flexibility. Corporate ownership delivers maximum tax advantages through Section 179 depreciation, bonus depreciation (60% first-year deduction), and operational expense deductions, potentially offsetting 45-55% of operating costs for business use.

Ultra-premium air taxi services and on-demand charter networks offer TBM-class turboprop travel without ownership. Typical charter costs for TBM 960-class aircraft run $6,500-8,500/hour including crew and fuel. Heritage charter operators and regional airlines occasionally offer TBM-class charter integrating into frequent flyer programs. This model suits executives with ultra-high net worth wanting world-class turboprop capability without mechanical responsibility.

Daher TBM 960 Red Flags & Lender Concerns

Turbine time is the TBM 960's critical underwriting factor. Lenders view engines approaching 4,500+ hours with significant scrutiny. Aircraft with turbine time over 4,200 hours trigger mandatory rate increases of 0.25%-0.50%. Those approaching 5,800+ hours face 0.75%-2.00% premiums or down payment adjustments of 5-10%. Documentation of hot section inspections and borescope reports at major time intervals is essential; missing records suggest deferred maintenance or non-standard operation.

HomeSafe system functionality must be fully documented and operational. The emergency autoland system is a primary safety feature and financing advantage; any history of disabled systems, failed autoland tests, or deferred software updates is a critical red flag. Lenders may require $6,000-10,000 in system recertification and functional testing before approval. Complete maintenance logs showing all mandatory software updates and system validations strongly support loan approval.

Damage history documentation is essential. Hard landings, nose gear collapses, tail strikes, or prop strikes demand comprehensive repair documentation with pressure tests, structural inspections, and full flight-test validation. Composite repairs to fuselage or wing structures reduce aircraft value 15-25%, and lenders deduct this from appraised value. Incomplete damage documentation typically results in financing denial or significant rate increases of 1.00%-2.00%.

Pilot experience and turboprop-specific training are mandatory. Lenders require commercial single-engine rating with complex endorsement, turboprop type rating (or training requirement), and typically 1,200+ total hours with 300+ turboprop hours. Insurance companies mandate turboprop transition training ($12,000-18,000) and may require recurrent training annually. The HomeSafe system training requirement ($4,000-6,000) must be completed before approval. Any accident/incident history triggers extensive manual underwriting with possible rate increases of 1.50%+ or approval denial.

Frequently Asked Questions - Daher TBM 960 Financing

What credit score do I need to finance a Daher TBM 960?

Lenders typically require a minimum credit score of 680-700 for Daher TBM 960 financing. Borrowers with scores above 720 receive the best rates. The Daher TBM 960's strong market demand helps secure favorable financing terms for qualified borrowers.

How much down payment is required for a Daher TBM 960?

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 Daher TBM 960 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 Daher TBM 960 for business use?

Absolutely. The Daher TBM 960 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 Daher TBM 960?

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 Daher TBM 960 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 Daher TBM 960 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 Daher TBM 960 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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