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Leasing & Financing

Whether you are a business executive looking to invest in new equipment or a vendor seeking financing options for your clients, you can leverage flexible financing through First American.

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Case Studies

See firsthand how organizations have achieved their goals with customized financing from First American.

Hear From Our Clients

Private Aviation | 2003 Dassault Falcon 2000EX

Twice as Nice: Acquiring a Private Aircraft, Along with Tax Benefits

Fast Facts

Industry

Private Aviation

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Organization

Ultra high-net-worth individual

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Client Since

2020

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Equipment Financed

$9,760,000 2003 Dassault Falcon 2000EX

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Financing Structure

5-year term aircraft loan with a 10-year amortization

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Industry Specific Fact

In 2024, bonus depreciation will allow purchasers of private aircraft to deduct 60% of the cost of an aircraft in a single year.*

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Industry

Private Aviation

Star icon

Organization

Ultra high-net-worth individual

Building Icon

Equipment Financed

$9,760,000 2003 Dassault Falcon 2000EX

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Searching the Skies for the Right Plane (and the Right Financing Plan)

In October 2020, a City National Bank Relationship Manager introduced his client—a high-net-worth individual who owned an entertainment company—to First American, as the client was interested in financing production trailer equipment to support his business. With a deep level of knowledge and experience within the entertainment industry, First American provided the client with a custom financing solution for $800,000 worth of equipment. 

A few years later, the client sold their booming entertainment company and, following this significant liquidity event, sought to purchase a private plane to enjoy its many benefits, including a tax write-off. Knowing their vast experience with aircraft purchases, the client turned to City National® and First American. 

The client wanted to purchase a private plane to enjoy its many benefits, including a tax write-off.

Financing this investment provided the client many advantages, including tax benefits and a streamlined process from start to finish.

Streamlined Financing Solution Creates a Tax Benefit Tailwind

Because of the client’s positive experience financing production equipment years earlier, they trusted that First American would deliver again, and worked with them to purchase a 2003 Dassault Falcon 2000EX using a 5-year aircraft loan. Financing this investment provided many advantages for the client, including tax benefits**, a streamlined process from start to finish, and a dedicated First American team available to answer questions along the way.

Searching the Skies for the Right Plane (and the Right Financing Plan)

In October 2020, a City National Bank Relationship Manager introduced his client—a high-net-worth individual who owned an entertainment company—to First American, as the client was interested in financing production trailer equipment to support his business. With a deep level of knowledge and experience within the entertainment industry, First American provided the client with a custom financing solution for $800,000 worth of equipment. 

A few years later, the client sold their booming entertainment company and, following this significant liquidity event, sought to purchase a private plane to enjoy its many benefits, including a tax write-off. Knowing their vast experience with aircraft purchases, the client turned to City National® and First American. 

Streamlined Financing Solution Creates a Tax Benefit Tailwind

Because of the client’s positive experience financing production equipment years earlier, they trusted that First American would deliver again, and worked with them to purchase a 2003 Dassault Falcon 2000EX using a 5-year aircraft loan. Financing this investment provided many advantages for the client, including tax benefits**, a streamlined process from start to finish, and a dedicated First American team available to answer questions along the way. 

The results

Successful Connections Lead to Continued Success

The results

Successful Connections Lead to Continued Success

$2,000,000

additional lease line for the clients other entities

The successful relationship between the client, First American, and City National® has continued to grow over the past few years. The bank primarily provides real estate loans and personal lines of credit, while First American helps with equipment finance needs—like a $2M lease line for the client’s other operating entities.

By forging connections and delivering exceptional service, First American and City National® have become trusted resources for the client, providing financial solutions that meet both their personal and business needs.

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Financing for What's Next

What could you do with more funding?

From capital projects to equipment purchases, learn how First American can help fund your organization's needs.

*Source: Tax Foundation, "The Economic, Revenue, and Distributional Effects of Permanent 100 Percent Bonus Depreciation," August 30, 2022

Additional requirements apply. This is not intended to be used as tax, legal, or accounting advice. Consult with a tax, legal, or accounting professional for guidance.

 

**In 2022, purchasers of private aircraft could take advantage of 100% bonus depreciations and write off the entire cost of an airplane in a single year.

**In 2022, purchasers of private aircraft could take advantage of 100% bonus depreciations and write off the entire cost of an airplane in a single year.