How Do You Buy A Used Airplane?
Buying an airplane takes a great deal of thinking and decision making. Future buyers of a used airplane should ask themselves several questions before purchasing the plane. These questions and other helpful hints should make your search for a used airplane much easier. Step 1 Decide what size, model and year aircraft you are looking for. Once these details are decided, you are ready to move on to the next step of purchasing your aircraft. Step 2 Determine how much you are willing to spend. Be sure to take into consideration many extra costs other than the buying price. Many other costs are associated with purchasing such as: down payment, interest and principal on a loan, insurance, storage, annual inspections, maintenance, taxes and fuel. Taking in all these considerations will help you determine how much you can afford Step 3 Understand your objective prior to buying. Are you interested in stunts, sight-seeing, pleasure, or cross-country trips? Whichever type of flying you are intere