Syndicates
Syndicates are a fantastic way to spread the cost of flying with like minded people who share the same passion as you. Our Syndicates section is all about helping to find these like minded people by the area in which you live. A high spec, new aircraft is a big financial commitment on your own and it is a fantastic way of sharing the financial cost.
​
We have two ways of arranging syndicates:
​
​
-
A cash sale - The price of a new aircraft, divided by the number of people in the syndicate. All costs like hangarage and maintenance are shared. A monthly amount is usually paid towards hangarage and insurance along with a price per hour flown which goes towards the maintenance.
​
-
​ Syndicate Finance - This works in exactly the same manner as the above in regards to insurance, maintenance and hangarage costs, except, instead of paying out an enormous lump of cash, you purchase the aircraft between you using a purpose designed finance product that we offer. You put down a small deposit, followed by monthly payments. All syndicate members will own an equal share in the aircraft.
Finance Examples...
Eurostar SL EV97
Price From £108,000
For a 6 person Syndicate on a brand new EV97 Microlight, the monthly payment would work out PER PERSON at:
​
Deposit - £4,500
​
1 x payment of £342.91
59 x £276.24 Per Month.
​
Please note: This does not include maintenance, insurance or hangarage. This is on a credit sale basis. There is no balloon payment, the aircraft will be owned outright at the end of the agreement. Full representative example is below.
Representative Example - Credit Sale Based Upon A 6 Person Syndicate
​
Cash Price £108,000
Deposit £27,000
Total Amount of Credit £81,000
Interest Charges £18,448.80
Credit Facility Fee £400
Total Cost of Credit £18.848.80
Total Amount Payable £126,848.80
Initial Payment. £2,057.48
58 x Payments of £1,657.48
Final Payment £1,657.48
Duration of Agreement 60 Months
APR - 8.9%
Flat Rate of Interest 4.56%
​
This representative example is for illustration purposes only and does not constitute an offer. Written quotations are available on request. This representative example is provided by: Buckley Asset Finance Ltd, trading as My New Aircraft who are authorised and regulated by the Financial Conduct Authority for credit brokerage. Our permission number is 795206. Finance subject to status. Terms and conditions apply. A guarantee may be required. Over 18's only. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers and they may provide an incentive to do so. Prices and information correct at time going to print. This quote is on a credit sale with a balloon payment at the end of the agreement. The term, interest rate and size of the balloon payment is subject to individual credit circumstances and affordability. Generated 04/06/2018 10:47:54.
Sherwood Scout
Price From £62,400
For a 6 person Syndicate on a brand new Sherwood Scout Microlight, the monthly payment would work out PER PERSON at:
​
Deposit - £2,080
​
1 x payment of £236.40
59 x £169.73 Per Month.
​
Please note: This does not include maintenance, insurance or hangarage. This is on a credit sale basis. There is no balloon payment, the aircraft will be owned outright at the end of the agreement. Full representative example is below.
Representative Example - Credit Sale Based Upon A 6 Person Syndicate
​
Cash Price £62,400
Deposit £12,480
Total Amount of Credit £49,920
Interest Charges £11,184
Credit Facility Fee £400.00
Total Cost of Credit £11,584
Total Amount Payable £73,984
Initial Payment. £1,418.40
58 x Payments of £1,018.40
Final Payment £1,018.40
Duration of Agreement 60 Months
APR - 8.9%
Flat Rate of Interest 4.48%
​
This representative example is for illustration purposes only and does not constitute an offer. Written quotations are available on request. This representative example is provided by: Buckley Asset Finance Ltd, trading as My New Aircraft who are authorised and regulated by the Financial Conduct Authority for credit brokerage. Our permission number is 795206. Finance subject to status. Terms and conditions apply. A guarantee may be required. Over 18's only. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers and they may provide an incentive to do so. Prices and information correct at time going to print. This quote is on a credit sale with a balloon payment at the end of the agreement. The term, interest rate and size of the balloon payment is subject to individual credit circumstances and affordability. Generated 23/05/2018 10:47:54.
What We Can Offer you...
In our syndicate section we are offering a service to help you find like minded people who share your passion of flying. We are offering syndicates on a cash or finance basis.
If you can't find anything in your area, do not panic! Simply drop us an e-mail to enquire@mynewaircraft.co.uk and let us know a little bit about what area of the country you are in and what aircraft you would be looking to form a syndicate around. We will then simply add it to the site and let our advertising do it's work!
​
​