Cub purchase - Loan vs all cash?

[daluds]

Any recommendation on taking a loan vs paying the entire purchase in cash? I was considering taking a loan for $20K. Are there any aircraft loans with fixed interest rates? Does AOPA offer any financing? I haven't found it on the AOPA website. Does the bank require higher insurance on the plane thus higher monthly payments? What level of insurance do most owners buy? I have rental insurance now.

BTW, I used the AOPA flight planner today for the first time. Nice tool!

Thanks,

Dave

 

[user 9237]

 

[J5man]

 

[JimC]

 

[Bunkerhill]

 

[Cub@H20]

 

[farm-tim]

 

[huston marlowe]

 

[bob turner]

 

[39-J3]