Tue, Feb 14, 2006
Secure Production Slot With $2,400 Deposit
American Legend Aircraft Company announced Tuesday a new deposit
program for purchasers of its popular Legend Cub LSA.
Company representatives tell Aero-News that American Legend
added a new purchase plan to make it easier for new customers to
acquire a Legend Cub. Under the new plan, a customer is able to
secure a production slot for the presently backlogged Legend Cub
with a $2,400 refundable deposit, reducing the customer's financial
risk.
A purchaser may also still take advantage of the previous
deposit program and thereby lock-in the purchase price of a Legend
Cub. This plan requires a 10-percent non-refundable deposit. Sixty
days prior to delivery, another deposit of 40-percent of the
purchase price is required, with the remaining 50 percent due at
delivery.
"As we ramped up our production capabilities to meet high demand
for the Legend Cub, we realized our newest customers were looking
at a nine to ten month wait for delivery," said Tim Elliott,
president of American Legend Aircraft Company. "In order to assist
with their purchase planning, we have reduced our deposit
requirements to make their purchase easier. We are finding that
customers are more likely to reserve a production slot when
provided greater flexibility in the purchase."
The Legend Cub is a two-place, single engine piston-powered
aircraft designed to meet Light-Sport Aircraft category
certification requirements. It has an empty weight of 850 lbs. The
Legend Cub is propelled by a 100-horsepower Continental O-200
engine with electric start.
Equipped with optional floats, the aircraft is capable of water
takeoffs and landings.
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