There's a tax break that's about to expire December 31st. You can write-off
the entire cost of a new plane brought into service by years-end, used for
business. That means that if you have the income to protect, buying a new
C172 will chop off $250K from your gross income. There are planes that can
be had for half that, brand new. Alarus comes to mind. Upshot: you can have
a plane AND an instrument rating, courtesy of Uncle Sam.






"Matt" wrote in message
om...
Hi everyone. I have about 100 hours in 150's and 172's. I am thinking
about getting an instrument rating and buying my own plane within the next
few years. Should I go for the instrument rating first? I was thinking
this might help me build some more time, and the instrument rating would
be
looked upon favorably by insurance companies when the time comes to buy.
Or, should I just buy the plane and fly it to get the instrument rating?
I
am considering a 172.

Thanks for all advice!

Matt