Finance Your Piper Arrow

The Piper Arrow is a retractable gear trainer that combines performance, capability, and value. Whether you're upgrading your aircraft or making your first purchase, we provide specialized Piper Arrow financing solutions with competitive rates and flexible terms tailored to your needs.

Piper Arrow Specifications & Performance

SpecificationDetails
CategoryPiston Single-Engine Retractable
Price Range$70,000 - $280,000
Typical Used Price$140,000
EngineLycoming IO-360 (200 hp)
Cruise Speed140 knots
Range640 nm
Seats4
Useful Load945 lbs
Service Ceiling15,000 ft

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Why Finance a Piper Arrow?

  • Complex Training Platform - Ideal for commercial pilot training
  • Retractable Gear - Faster cruise than fixed-gear Cherokee siblings
  • Affordable Complex Aircraft - Lower acquisition cost than Bonanza or Mooney
  • Good Performance - 140-knot cruise with 640 nm range
  • Strong Training Market - Always in demand for flight schools

Piper Arrow Financing Options

Competitive Interest Rates

  • New Piper Arrow: Starting at 6.5% APR
  • Late-model used (2010+): Rates from 6.75% APR
  • Older models: Rates from 7.5% APR
  • Terms up to 20 years available for qualified buyers

Flexible Down Payment Options

  • As low as 15-20% 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 - Piper Arrow Financing

What credit score do I need to finance a Piper Arrow?

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

How much down payment is required for a Piper Arrow?

Down payments typically range from 15-20% 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 Piper Arrow 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.

What insurance is required for a financed Piper Arrow?

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 Piper Arrow 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 Piper Arrow 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 Piper Arrow 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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