How to Know When to Upgrade Your Aircraft

As an aircraft owner, keeping your aircraft in tip-top shape should always be your first priority. Performing regular maintenance on your aircraft will not only ensure its airworthiness but will also help maintain the value of your investment.

Making upgrades to your aircraft is also an essential way to maintain its value, and keep things running smoothly. Let’s take a look at the many upgrades available for your aircraft and when you should upgrade.

Types of Upgrades and When To Upgrade

Avionics System Upgrade

An avionics system update allows you to customize your cockpit and replace outdated elements with top-of-the-line technology, so you can take your flights to the next level. In addition, this upgrade increases the resale value of an aircraft.

When to Upgrade Your Avionics System

If you don’t have an integrated avionics system, that is a good reason to consider upgrading. With an integrated system, all of your components are engineered by one manufacturer, creating a seamless flight experience. It’s also important to keep up with FAA mandates, as they and other aviation regulators regularly order updates, like the ADS-B upgrade that went into effect in January 2020.

Interior Upgrades

Interior upgrades can include the replacement or refurbishment of all soft goods and hard goods within the cabin, including custom seat design, new restraint systems, lighting, and much more.

When to Upgrade Your Aircraft Interior

Over time, usual wear and tear can start to take a toll on your aircraft’s interior, reducing your and your passengers’ enjoyment. If your interior is starting to show signs of wear, that may be a good time to consider an upgrade, especially if you will be selling your aircraft in the near future.

Engine Repairs and Overhauls

Sometimes only minor repairs are needed on an engine but there will come a time when a complete engine overhaul will be necessary.

When to Upgrade or Overhaul Your Engine

The recommended TBO (time between overhaul) is dependent upon the make and model of the aircraft. In some cases, the FAA will allow you to continue to operate the engine past the TBO, but only with certain requirements.

Structure repairs and modifications

An aircraft has 5 major structural components: fuselage, wings, empennage, landing gear, and powerplant.

When to Upgrade Aircraft Structure

If your aircraft is starting to show signs of stress, such as compression, tension, bending, or torsion, it may be time for a structural repair. This can also include the repair or replacement of landing gear, fuselage, and wings.

Paint touch-ups or new design

Painting an aircraft is part of the required maintenance because it helps to prevent corrosion. Whether you need to touch up some dings and scratches, or you want to change the color or design completely, this is a great upgrade to make, especially if it’s in combination with another upgrade or repair.

When to Upgrade Aircraft Exterior

A typical paint job protects an aircraft for about 6-8 years.

Things To Consider

When deciding whether it’s time to upgrade, there are many factors to consider, including your budget, the age of the engine, and your aircraft’s performance expectations. You should also think about how you intend to use the aircraft over the next several years and whether or not you plan to sell it in the near future.

There may also come a time when your current aircraft no longer serves your needs, and you need to upgrade to a new aircraft. If that’s the case, we can help. Find out how much you can afford with our online aircraft loan qualification calculator.

How to Finance Aircraft Upgrades

Whether you are looking to purchase your first aircraft, improve your current one, or upgrade to a new aircraft, applying for a loan is easy with our online application process. USAF is your one-stop shop for all your aircraft financing and insurance needs.

The Complete History of U.S. Aircraft Finance: Celebrating National Aviation History Month

National Aviation History Month in November is a time to celebrate America’s contribution to aviation and its development. The 30-day event highlights the achievements, advancements, and various accolades of people who have contributed to aviation and aerospace in the country.

Some of the various ways people celebrate the months include reading copies of aviation history and watching documentaries of brilliant minds dedicated to advancing the industry. The celebration aims to show appreciation and understanding of the basics of American aviation developments.

The history of aviation itself is a long one, starting as early as 350 B.C when the Chinese used to fly kites. Today, there are over 200,000 flights per day worldwide, with some airports reporting an average of 100 flights hourly. The humble beginnings of kites and gliders have advanced to the currently witnessed supersonic aircraft like Jeff Bezos’ Blue Origin.

At U.S. Aircraft Finance, we assist people in buying and owning General Aviation Aircraft, new or used. We offer the needed support for anyone looking for refinancing opportunities or looking to upgrade their airplanes with new technology like updated avionics to support ADS-B or mechanics like new engines.

To understand how all these came to be, let’s first find out the history of U.S. Aircraft Finance and its contribution to the aviation industry.

Brief History of U.S. Aircraft Finance

USAF is the brain-child of an Air force Veteran and a former Air National Guard, Dave Savoie. We are an independent aircraft finance company offering aviation financing and aircraft insurance. For over 20 years, USAF has grown to become an industry leader with competitive rates and excellent customer service. To understand the USAF’s beginning, development, and future, let’s look at it from the eyes of the owner, Dave Savoie.

Who is Dave Savoie?

Dave Savoie, the USAF founder, and owner is an Air Force veteran. He served as a KC-135 pilot refueling fighters, bombers, and the infamous SR-71 during the 60’s Vietnam War. He also served and lived with the Green Berets.

Dave accumulated approximately 1,000 hours of combat flight time when he served as a Forward Air Controller in the O-1 Bird Dog. From the war, he joined the Rhode Island Air National Guard, where he became the Command Pilot and Chief of the Command Post. As the aircraft commander, he flew the C-130 Hercules. His retirement came after 22 years in service.

During the lengthy service, Dave received various medals, declarations, and ribbons, such as:

  • Distinguished Flying Cross
  • Air Force Commendation Award
  • Armed Forces Reserve Medal
  • National Defense Service Medal
  • 2 Vietnam Service Medals
  • Republic of Vietnam Campaign Medal
  • 14 Air Medals for Meritorious Achievement in Aerial Flight
  • Small Arms Expert Marksmanship Ribbon
  • 3 A.F. Longevity Service and Award Ribbons
  • Republic of Vietnam Gallantry Cross with Device

Dave’s extensive military experience, passion for service, knowledge of financing, and love of flight gave birth to U.S. Aircraft Finance.

Reasons for Creating U.S. Aircraft Finance

Dave’s mission with USAF was to offer unbiased and reliable customer service in a field he understands and loves. While working in the banking industry, Dave found it often difficult to provide the level of service he would like. Something would always interfere with his progress.

Additionally, the nuances of the aviation industry make it challenging for banks and customers to communicate the correct financing information on time. There are various details in the financing process and having too many parties involved, can result in a poor customer experience.

USAF is a one-of-a-kind service where customers can enjoy direct services from knowledgeable aircraft finance guides. Customers can receive a same-day application and approval process with a potential next-day finance agreement closing.

It is safe to say that USAF stands for helping customers navigate the complex financing and loan industry. Our primary aim is to offer accessible, prompt, customized services to make aviation financing a breeze.

Why Choose USAF

USAF is ideal for customers looking for simple, convenient, prompt, and competitive loan rates. The loan rates are some of the lowest in the business. Being a veteran-owned business, we also provide military discounts to make owning an aircraft simple.

At USAF, service is at our core. We are dedicated to getting every customer the financing they need to achieve their dreams. Contact us today or fill out a free quote to get started. You can also follow our blog to learn more about our services and receive updates on aviation trends.

New Or Pre-Owned? Find Out Which Is Best For You

How do you decide whether to buy a new or used aircraft? Many people ready to purchase, especially for the first time, are struggling to answer this question. Some may think that it all depends on whether you can afford a new one or not. But others may think that the less-costly option is the way to go.

While money is the primary determinant, it shouldn’t be the only guideline for a smart prospective buyer. Every individual will decide based on his personal preferences and other significant factors. Let’s look at the pros and cons of buying either a pre-owned or a new aircraft; then, you can decide based on your preference and financial capacity.

Benefits of Buying a New Aircraft

New aircraft come with warranties

Unlike pre-owned, new aircraft come with warranties covering engines, avionics, airframe, interior, and many other components for about five years. You will not have to spend an arm and a leg on repair and maintenance because the costs will be negligible during the warranty period.

Many dealers or manufacturers offer support throughout the ownership of a new aircraft

Some buyers may buy a new aircraft because of the continued relationship with the dealer or manufacturer throughout the ownership period. Many dealers and manufacturers will assist with maintenance, tackle technical issues, and answer any questions concerning the aircraft. You may also get fixed prices for repairs from dealers for a period.

New aircraft are customizable

A buyer can customize a new aircraft to their heart’s desire. They can choose the interior configuration, the paint scheme, leathers, fabrics, and optional cabin and cockpit equipment. A buyer with a unique design preference may benefit from a new aircraft because they are unlikely to find their taste in the pre-owned market.

No worries about undisclosed mechanical issues

Unlike pre-owned, new aircraft rarely have undisclosed mechanical issues. If there are any issues, you’ll be covered because of the warranty. Pre-owned aircraft need to undergo thorough pre-purchase inspection for any mechanical problems.

Benefits of Buying Pre-owned Aircraft

The price is significantly lower

Money is a primary factor in purchasing an aircraft. If you don’t have sufficient funds to buy a new one, you can conduct thorough research and buy a pre-owned aircraft in good condition at a lower price. Fortunately, you can find a used aircraft that delivers a better value comparatively. A plane less than ten years old may arrive at the destination almost simultaneously as a new model making the same trip.

No waiting for your new aircraft to be ready

The demand for aircraft is high, forcing the delivery of new models to take longer. Some business people are not prepared to wait long and would rather go for the preowned market. If you need an aircraft within a short period, it is advisable to go for a pre-owned one.

The depreciation rate is slower

Brand new planes lose a significant value once off the assembly line. Older planes have depreciated over time, and changing their ownership does not cause immediate depreciation. If you are looking for something that you can resale after a short period for almost the same price or even higher, then a pre-owned plane is the best option for you.

Possible relationship with the manufacturer or authorized service center

When you buy a pre-owned plane, you may still be able to maintain a relationship with the authorized service center or manufacturer. Though you might not get the same level of services as a person that has bought a new plane, you can benefit from affordable maintenance services and advice.


An aircraft purchase depends on your purpose, financial stability, and how long you’ll need it. If you’re looking to purchase an aircraft, whether new or used, US Aircraft Finance can help. Our loan process is simple, quick, and convenient. We offer financial assistance for purchasing, refinancing, and upgrades.

Use our online loan calculator to determine how much aircraft you can afford, then give us a call! We are happy to answer any questions you may have. You can also visit our website and read our previous blogs to learn more.

100% Bonus Depreciation For Your Business Aircraft Ends In 2022

If you have been considering purchasing an aircraft for your business, now is the time. 2022 is the last year for business owners to take advantage of the 100% bonus depreciation, with a few exceptions for newly manufactured aircraft delivered in 2023. As the end of the year quickly approaches, tax-efficient growth is a major consideration for most business owners. Purchasing an aircraft for business is a strategy most companies consider–and with the 100% business write-off, it is a good and practical strategy.

Businesses looking to take advantage of bonus depreciation at the 100% rate must place their used or new aircraft in service before the start of 2023.

Fortunately, if purchasing an aircraft isn’t an option for you in 2022, you can still be entitled to claim bonus depreciation when you are ready to purchase, though at a reduced rate. The 100% rate is expected to reduce by 20% yearly over a 4-year step-down. Here is an expert analysis of the 100% bonus depreciation and how to take advantage of this tax incentive for your business aircraft purchase.

Comprehensive Analysis

In 2017, Congress passed The Tax Cuts and Jobs Act which amended Section 168(k) of the Internal Revenue Code (“I.R.C.”). This section allows taxpayers to claim a depreciation deduction in the year they place the qualified property (in this case, business aircraft) in service.

The bonus depreciation deduction amount is a percentage of the taxpayer’s adjusted basis in the aircraft. Furthermore, the percentage is determined by the year a business places the aircraft in service. This new law allows for a 100% write-off for qualified property purchases.

According to the Tax Cuts and Jobs Act (TCJA), the applicable percentage for aircraft placed in service from 2018 to the end of 2022 is 100%. However, still on the same provision, the percentage will reduce by 20% every year until the end of 2026. This means that bonus depreciation will no longer be an option for businesses intending to put aircraft in service or finance existing aircraft at the start of 2027.

How Does Bonus Depreciation Work

Bonus depreciation is optional. However, if you want to take a considerable bonus depreciation amount, it is advisable to start as early as possible before the end of 2022. Here is a breakdown of the bonus depreciation percentage after the tax reforms.

  • 100%, effective from September 27, 2017, until December 31, 2022
  • 80% effective from January 1, 2023, until December 31, 2023
  • 60% effective from January 1, 2024, until December 31, 2024
  • 40% effective from January 1, 2025, until December 31, 2025
  • 20% effective from January 1, 2026, until December 31, 2026.

Eligibility for Bonus Depreciation

All property must match the qualifications of qualified property under I.R.C. § 168(k) to qualify for bonus depreciation. These eligibility requirements include:

  • The property must have a useful life of 20 years or less
  • The property must be placed in service before January 1, 2027
  • The property must meet an original use or acquisition date requirement.


Bonus depreciation effectively creates accelerated deductions and tax savings, which means you can increase your asset base with an aviation lease or suitable loan sooner. Unfortunately, this provision is time-barred and most aircraft won’t qualify for the 100% bonus depreciation in 2023. That’s just more incentive to take advantage of the 100% bonus depreciation while it lasts.

Are you ready to take advantage of bonus depreciation to finance your business aircraft purchase? If so, USAF is here to help. Avoid missing out on the 100% rate and let our aircraft finance experts help you finance your business aircraft purchase this year.

We offer competitive rates as well as an easy and convenient loan process. We can also help you finance your upgrades and help you refinance your aircraft.

Start the process today by using our free loan calculator to see how much aircraft you can afford for your business.

Here’s Why You Should Purchase an Aircraft for Your Business

When it comes to your business, you work hard to ensure that everything runs smoothly. That’s why purchasing a business aircraft could be a huge benefit to your business. Whether you’re running a large corporation or a small startup, purchasing an airplane can help your business thrive. In this blog post, we’ll explore five reasons why buying an aircraft is a smart move for any entrepreneur.

Save Time and Money

As a business owner, you know how quickly time can be lost and money spent. This is why purchasing an aircraft is a smart decision for your company. Not only will you save time by not having to fly commercially, but you’ll also save money because of the depreciation tax deductions available on an aircraft purchase. These deductions will help offset the cost of the purchase of your own plane, and investing in this type of business asset can help boost your profits in the long term.

If you’re looking for ways to improve efficiency at work or just want some time away from the office, buying your own aircraft may be exactly what you need! Access to a private jet or prop plane allows employees and executives who frequently travel more freedom with their schedules.

Access to Smaller Airports

Sometimes a destination may only have a small local airport, which means traveling there commercially will take extra time and effort, because you’ll have to fly into a larger airport further away. These smaller airports are only able to accommodate the smaller aircraft. With your own private aircraft, you’ll be able to access these smaller airports with ease, saving you time and frustration.

There is also a benefit of flying out of a smaller airport, as you won’t have to worry about finding and paying for parking, which can add up to be quite expensive. Imagine, parking your vehicle and walking straight up to your own aircraft, boarding with no security lines to wait in, no baggage to check-in and no waiting around until boarding time.

Turn Business Into Leisure

Another benefit of aircraft ownership is that you can visit places you would never think of visiting and make stops wherever you want—on the way to your destination or even on the way back. Additionally, since you can stay as long as you want at each destination, it gives you time for exploration and sightseeing. There is no need to rush from one place to another because you are on your own schedule, not someone else’s. The best part is, as long as you’re using your aircraft for business purposes 50% of the time you’re able to deduct 100% of the plane’s purchase price, maintenance expenses and first-year bonus depreciation.

No Need to Rent

If your business is thinking about purchasing an aircraft, there are several benefits to consider. Many pilots and operators rent their equipment, but purchasing your own plane will be much more cost-efficient in the long run. Purchasing a business aircraft eliminates the need for rentals and can save thousands of dollars per year.

Stay On Schedule

With your own aircraft, you can reach your destination in less time and with more ease. The time you can save by not worrying about traffic or parking is invaluable, allowing you to stay on schedule and ultimately creating a reliable, successful business.

The Bottom Line

  • Purchasing an aircraft not only adds value to your business, but also saves time, money and frustration
  • Owning an aircraft isn’t just fun, it’s practical

If you are interested in financing an aircraft, we have a team of experts who specialize in that area and can help you find the right loan for your business. Contact us today.

Don’t wait….. get pre approved now!

When armed with pre-approval from our financing team, you can head to the hangars knowing what you can afford and move quickly when you find the right aircraft. One of the greatest challenges pilots face today is finding the right aircraft and closing on it before it’s swept away by another buyer. US Aircraft Finance is here to help you move quickly and effortlessly through the whole process.
Our loan application-to-closing process can occur in as little as one business day, making it easier than ever to snag your dream aircraft!
Get pre-approved today—apply now.

How To Apply for an Aircraft Loan

The excitement of buying an aircraft can wane if you don’t have enough funds. Getting the funds can be daunting, especially if it’s your first aircraft purchase, but it doesn’t have to be.

Your worry comes to an end at US Aircraft Finance (USAF). We make the job easier by enabling you to get in the pilot’s seat as fast as possible, especially if you’re looking for a business aircraft to help you save time and money.

Types of Loans We Offer at USAF

At USAF, we can provide financial assistance to:

Our speedy loan process allows for pre-approval in one business day and closing as soon as you are ready so you can quickly get into your new plane.

If you’re looking for the most competitive aircraft loan rates for new and used purchases,USAF has you covered. We enable you to start saving for your monthly payments or use equity to get cash out with the following loan types:

Purchase Fixed Rates

The purchased fixed rates loan is available in 10, 15, 20 and 25 years based on the aircraft’s year and other qualifying factors. You may also choose a 3/1 Year Adjustable Rate Loan, which offers the lowest initial interest rates and minimal monthly payments for the first 3 years.

We will help you determine what works best for your budget as it provides stability and peace of mind because it:

  • Attracts fixed principal and interest payment for the loan’s lifespan
  • Is structured to cushion you from rising interest rates
Refinance Rates

Would you like to refinance your existing aircraft? You can start setting aside your monthly repayment. Alternatively, you can use your equity to access cash out with a fixed rate for aircraft refinancing loans.

The loan product:

  • Is available at 15 and 20-year fixed interest rate aircraft loans
  • Has a shorter loan term option
Upgrade Rates

Under this loan option, you can choose between:

  • Aircraft loan rates: You can access cash out using your equity to upgrade and improve your aircraft
  • Fixed-rate for upgrade and enhancement loans: You can access 15 and 20-year fixed interest rate facilities to upgrade or improve your aircraft. A shorter-term loan is available if you prefer

Loan Process Overview

Fill Out the Application Form

The first step to applying for an aircraft loan is to call one of our finance officers at 802-434-4100 and discuss the aircraft and your general finance questions. We will guide you through the process and answer any questions before you complete and compile the needed documentation.


Once we have answered your questions, you will need to submit a complete USAF application, don’t forget to sign page 2 & 3. Then furnish us with:

Two years of personal and corporate (if it applies) federal tax returns

The last two years’ W2

A copy of the most recent bank statements

Most recent pay stubs for one month


A representative from USAF will get back to you concerning your application. They’ll confirm the information you provide and discuss your loan application. We will notify you within one business day of our decision.

Approval and Closing
  • Complete aircraft pre-buy, aircraft inspection forms and necessary documents
  • Open escrow
  • Complete all pre-closing documents
  • Set a closing date
  • Sign loan documents

Once you have met all required items to close and we have cleared you to complete the process, USAF will disburse your loan proceeds on your closing date so you can fly off in your new plane.

Apply for an Aircraft Loan Today

If you’ve been dreaming about flying on your own schedule and you want to make it a reality, an aircraft loan from USAF is the only thing standing between you and your dream. Why wait any longer when we can provide you with the finances you need to be equipped with your own aircraft? You can fill out our form for a free quote or contact us via phone or email to speak to a knowledgeable aircraft finance representative.

Take your travels into your own hands

Ever wondered what it would be like to own an aircraft for your business? Dreaming about flying on your own schedule, wherever you want to go? Business and leisure travel is made easy when equipped with your own aircraft—avoid long airport lines, airline fees, and crowded commercial flights!
Whether you are seeking the magnificent feeling of flight or need to get down to business and travel from point A to point B, an aircraft can get you there. We can help you finance the aircraft you need with our top-of-the-line aircraft financing options.
Check out our online calculator to see how much aircraft you can afford.

Protect Yourself During Hurricane Season with Aircraft Insurance

According to forecasters at NOAA’s Climate Prediction Center, the 2022 hurricane season is forecasted to be above average. NOAA has forecasted around 14 to 21 storms, with at least six hurricanes and three to six storms categorized as major hurricanes. This means you will likely experience intense storms with winds moving at speeds over 100 miles per hour more than once this season!

Regardless of the degree of the storm, it is always best to have a hurricane plan for your aircraft—and insurance is essential.

Most aircraft insurance policies cover the reimbursement costs associated with the aircraft moving in an area after a hurricane warning. Still, not all insurers issue the same coverage when a hurricane watch is issued in less than 24-48 hours prior. It is prudent to stay updated on what your policy offers.

Why You Should Insure Your Aircraft

The likelihood of an aircraft getting damaged by storms like hurricanes is small, but that risk still factors into insurance costs. For example, the cost of any physical damage to the plane due to the storm can be high if the aircraft was left outdoors during severe weather.

Another essential consideration is the assessment of storm damage. In this case, the insurer and adjuster will want to determine how the damage occurred and any details that help determine the amount of compensation required. It includes inspecting and evaluating damage to develop a repair plan.

During this process, the evaluation will determine the equipment that requires repair or replacement. With this information, you can then file a claim to cover the cost of the damage using your aircraft insurance. It is not easy with the dynamic nature of slow-moving storms like hurricanes. For such reasons, it is wise to partner with a reliable insurance provider.

Aircraft Insurance from US Aircraft Finance

US Aircraft Finance works with some of the most comprehensive, A+ aircraft insurance carriers that you need to protect your aircraft at all times, especially during hurricane season.

Through our subsidiary, US Aircraft Insurance, we combine our knowledgeable team of aviation insurance professionals with the industry’s most respected aviation insurance underwriting companies.

Get Your Free Insurance Quote Today

Getting reliable aircraft insurance can be challenging during hurricane season. That’s why we make the application process painless and straightforward.

Apply for a free insurance quote now or contact us to speak to one of our aircraft experts today.

Hurricane Season is here

Hurricane season is here…are you and your aircraft protected? When heading into the summer and fall, hurricanes are a greater threat to pilots and their aircraft. USAF works with top carriers to protect both you and your aircraft.

We have access to all the major A+ rated aviation insurance underwriters, so no matter what type of flying you do, we can help you secure the best coverage.

Give us a call at 802 434-4100 to learn more about insurance coverage through USAF.