13 Things You Should Know Before Buying Your First Airplane: A blog that discusses the pre-purchase step to buying a plane.
1. Be sure to keep in mind that there are many different types of airplanes out there for you to choose from; ranging from single seaters to large commercial aircrafts. There are also many different types of airplanes out there for you to choose from; ranging from single seaters to large commercial aircrafts. The most important thing is to make sure that you are getting the best deal possible on your first airplane purchase.
2. The next thing you should keep in mind is the time frame in which you will be purchasing your first airplane. If you are planning on buying your first airplane within the next year or so, then it would be wise for you to get started as soon as possible. It would also make sense for you to start looking at different models of planes and figuring out which ones will fit into your current budget. However, if it is going to take you much longer than this period of time before purchasing your first airplane, then it might not be worth it for you even consider getting started at all!
3. Make sure that you set up a budget before beginning any type of shopping around online or offline;
Buying your first airplane is exciting. But it can also be stressful and challenging if you don’t know what you’re doing. We’ve put together a list of the top 13 things that we believe every first time buyer should know before they purchase their first airplane.
1. Set a budget
2. Get some aviation experience
3. Understand the costs of ownership
4. Research aircraft availability, aircraft pricing, and market conditions
5. Choose an aircraft that fits your mission
6. Choose a selling professional
7. Choose an escrow company
8. Inspect the aircraft and its records
9. Have the airframe, engine(s), and propeller(s) inspected by an A&P/IA technician with experience working on your type of aircraft (or have a pre-purchase inspection performed)
10. Test fly the aircraft (fly it like you own it)
11. Appraise the aircraft to determine its fair market value based on its condition, equipment, and location to help in making an offer (or have an appraisal performed)
12. Negotiate the purchase price and terms with the seller’s selling professional (avoid negotiating directly with the seller as this may cause problems later)
The most important and frequently overlooked step in buying an airplane is the pre-purchase inspection. The bottom line is that no mechanic or shop is going to know your aircraft as well as you will. So, do yourself a favor and start looking at airplanes before you even think about starting your prebuy.
An aircraft purchase is a big deal and likely the largest investment you’ll make other than your home. If you want to avoid making a potentially costly mistake, it pays to get up to speed on what’s involved in buying an airplane.
On a scale of 1-10, how certain are you that you’re ready to buy an airplane? What if I told you that there were 9 things you should know before buying an airplane? Would that help? Maybe. Maybe not.
Everyone who buys an airplane has their own reasons for doing so and not everyone wants the same thing in an aircraft either. But whether you’re looking for a plane with 3 seats or 8 seats, built in 1930 or in 2000, one thing remains constant: there are 10 things every buyer should know before purchasing their first plane.
Buying your first airplane can be exciting and daunting at the same time. There are many factors to consider when choosing the right aircraft for your needs such as
You’ve got a few extra bucks in the bank, and an extra bit of free time. You’ve been taking lessons, and you’re ready to become a real live pilot, complete with your own set of wings (or rotor blades). But before you can fly yourself around in a private aircraft, you’re going to have to make one of the most important decisions of your life: which airplane to buy?
Whether you are looking for a Cessna 172 or a Robinson R22 helicopter, here are some things that you should know before buying your first airplane.
1. Develop Your Mission. What do you plan to use the aircraft for? How many people will you carry? Are you going to fly mostly day or night? Will it be VFR or IFR? Do you want to fly long distances or will it be mostly short hops? What about cargo? These questions should be asked when purchasing any aircraft, but especially when buying your first plane.
2. Know Your Budget. There’s more to an aircraft budget than just the price tag on the plane itself. You’ve also got maintenance costs, hangar space, fuel (avgas is not cheap), insurance, training and licensing fees…it all adds up quickly! Make sure you have enough money put
The idea of buying an airplane is appealing, but it’s a big purchase. Here are some things you need to know before you buy your first airplane.
One: The market is saturated with used airplanes.
The aviation industry is currently in a slump. Many pilots have put their aircraft up for sale, so the market as a whole has become saturated with used aircraft. This means that it’s possible to find a good deal on an airplane, but it also means that you need to be wary of the aircraft you are looking at. No matter what kind of plane you’re looking for, there will likely be others out there just like it. So make sure that the one you’re interested in is the best one for you and your budget.
Aircraft ownership can be the most rewarding adventure of your life. It is not for everyone, but if you are considering it, I have a few words of advice.
1. Define your mission and capabilities
2. Be realistic about its capabilities
3. Be realistic about your capabilities
4. Fly everything (within reason)
5. Choose wisely
6. If you opt to buy new, choose wisely
7. Buyer beware when buying used
8. Build a relationship with an aircraft mechanic or shop before you need one
9. Don’t buy the cheapest plane in the category you want – budget extra to get what you want or need
10. Budget for annual maintenance and inspections, parts and tires – at least 5% of the purchase price per year
11. Have a plan for selling it when you’re ready to move on – how long will it take? What’s your exit strategy? How much can you afford to lose? Can someone else fly it as-is? Is there any customization that will turn off future buyers?
12. Don’t skimp on insurance! You will be flying a machine worth hundreds of thousands of dollars – don’t cheap out on insurance, especially liability coverage! Your general aviation insurance broker should be
The decision to buy an airplane is a big one. It can be the start of a budget-breaking nightmare or the beginning of years of enjoyment, depending on how well you do your homework and how lucky you are in finding a good plane. Here’s some advice from the experts to help you make the right decision.
1) Decide what kind of flying you want to do.
2) Learn as much as you can about flying and airplanes.
3) Hire a qualified mechanic to help with the pre-buy inspection.
4) Get insurance quotes before making an offer on an airplane.
5) Don’t overload yourself with debt if you don’t have to.
6) Set up reserves for maintenance, repairs and upgrades.
7) Stay within your comfort zone when it comes to maintenance and repairs.
8) Make sure your airplane is adequately equipped for the type of flying you want to do.
9) Consider whether you want a plane that has been upgraded with new technology and equipment.
10) Think twice before buying an older plane with high time on the airframe or engine(s).
11) Be careful about falling in love with a particular airplane.
12) Be prepared to walk away from any deal if