American Legend Aircraft Company
 

Legend Cub Financing Now Available Through AirFleet Capital

SULPHUR SPRINGS, TEXAS, MAY 27, 2009 - American Legend Aircraft Company announced today the Availability of New Aircraft Financing from AirFleet Capital on the celebrated Legend Cub. The Legend Cub is a two-place aircraft for sport and recreation, and the best selling American-manufactured certified S-LSA. With AirFleet Capital financing, customers can fly away in a new Legend Cub for as little as $689 per month.

In partnership with American Legend, AirFleet Capital offers competitive, and attractive, financing options to Legend Cub buyers. Low rates are available. Terms of financing are simple, requiring a minimum of 15% down. Fixed rate financing on a 20-year note and no penalty for early payment ensure that costs will not increase.

According to Megan Darling, Financing Representative of AirFleet Capital, “Now is a great time to finance a new Legend Cub, for three reasons: First, despite all of the 'Credit Crunch' news in recent months, there is money available to meet the aircraft market demands. Financing for a Legend Cub buyer remains readily available today.” Darling continued, “Second, current aircraft financing rates are low, in fact they are approximately 2% below the historical average. These low rates are remaining steady for now, and with the ability to secure a 20-year fixed loan, it's a great time to avoid the risk of increasing rates. Third, holding on to cash and financing an aircraft makes sense in today's market. Oftentimes, a customer does not want to cash out of their investments as they have the ability to generate a higher return by leaving their money where it is. For these reasons, financing the purchase of today's Legend Cub is a good long-term investment.”

Mark Parsons, Dallas-based Pilot and Owner, commented on his purchase of a new Legend Cub, “I decided to finance my aircraft when I found out the payment on my Legend Cub would be less than the lease payment on my Chevy Tahoe. And, when my friends take a ride in my new yellow Cub, they agree that it's more fun than driving a Lamborghini. Financing rates are so low right now, it makes sense to use someone else's money since I can get a better return on my own $100,000 by keeping it elsewhere. And, since aircraft, especially Cubs, hold their value so well, my airplane will last three times as long as the 20-year financing term—well before I am done flying it!” Parsons continued, “The purchasing process was also made seamless and simple, all of the details were taken care of for me. With American Legend and AirFleet on my side, closing on an airplane actually ended up being much easier than buying a car, and a lot less pressure!”

American Legend Aircraft Company is a manufacturer of recreational aircraft that meet Light-Sport Aircraft (LSA) certification requirements. The Legend Cub is a modern aircraft based on the design of the prolific, original Piper J-3 Cub. American Legend has been producing ready-to-fly, certified aircraft since the inception of light-sport in 2005. The Legend Cub is a recognized leader in this class. With the availability of attractive financing options, sport and recreational flying enthusiasts can fly affordably, and at a lower current cost of ownership. A new Legend Cub, with a 12-month warranty and a fully supported fleet of over 170 aircraft, means no surprise costs.

For further information on the Legend Cub, contact American Legend Aircraft Company at 1810 Piper Lane, Sulphur Springs, Texas 75482; or call 903-885-7000.

– Legend Cub –

 

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