Bombardier

Mehmi Financial Group helps businesses finance and lease Bombardier equipment, including presses, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Bombardier units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.

About Bombardier

Bombardier grew from a family business in rural Quebec into a maker of business jets, and it is celebrating 80 years, according to Bombardier. Its aviation business, Bombardier Aviation, produces the Challenger and Global business jet families, with major operations in the Montreal area.

Bombardier aircraft on our list

Our list includes Bombardier business jets such as the Challenger 300, a super-midsize jet common in charter and corporate fleets.

How lenders view business jets

Business jet financing is specialized. Lenders review airframe and engine hours, engine program enrollment, maintenance status, avionics, damage history and the aircraft's use (corporate, charter or fractional). Insurance and crew qualifications are confirmed before funding.

Financing Bombardier jets

Specialist aviation lenders and banks with aviation desks handle these deals. A pre-purchase inspection and complete records are essential on used jets.

How Bombardier equipment financing works

Most Bombardier purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.

What lenders check on a Bombardier presse

Lenders look at airframe and engine hours, logbooks, inspection status and how the aircraft or simulator earns revenue. Aviation financing is specialized and handled by a smaller group of lenders.

Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours and logbooks, and financial statements or tax returns for larger amounts.

See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.

All Bombardier models with financing pages

Tax treatment of Bombardier equipment

In Canada, aircraft generally fall in CCA Class 9. Aircraft components and simulators can be treated differently, so confirm with your accountant. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.

End-of-term options on a Bombardier lease

A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.

Who finances Bombardier equipment

Aviation: charter and air-taxi operators, flight schools, medevac and utility operators, and aircraft maintenance organizations finance Bombardier equipment to take on new work, replace aging units or add capacity.

The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.

Questions to ask the dealer or seller before you finance

• What is the exact model year, serial number and hours and logbooks?
• Is there a service history or recent inspection report?
• Is any warranty or extended coverage included, and does it transfer?
• Are attachments, delivery, installation and taxes itemized on the quote?
• For a private sale, is the equipment free of liens, and who will provide the bill of sale?

Insurance on financed Bombardier equipment

Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.

Can I finance a used Bombardier Challenger 300?

Yes, through aviation lenders who review hours, engine programs and records.

Is Bombardier a Canadian company?

Yes. Bombardier began as a family business in rural Quebec.

Do engine maintenance programs affect financing?

Yes. Enrollment in an engine program can support value and lender confidence.

Can a charter operator finance a business jet?

Yes. Lenders review charter revenue and the operator's certificate.

Is a pre-purchase inspection required?

It is strongly recommended and usually expected by lenders.

Is insurance required before funding?

Yes. Lenders confirm hull and liability insurance and crew qualifications.