Advice on buying a 152?

Greg Hopp wrote:
Dave Butler wrote in message

How many leased-back airplanes have you owned, then?

My question above was directed to a poster who seemed to be expressing an
opinion based on no experience. Since he didn't respond, I'm guessing -his-
answer would be -none-.


I own a C-150 with a patient, understanding partner. BOth of us are
new to the experience. It has worked out great so far, both of us are
on the same wavelength. I am trying to figure out why a lease-back
would work. The importance of ownership (to many) is that the plane
is as you left it, or as your partner left it. Since both of you own
a stake in the plane, it is well taken care of.

With a leaseback, you are another renter, but different in that you
bear the burden of all the expense, annual, 100 hr inspections,
break/fix, etc. and you still don't get to take it when you want to.
Where is the advantage to that?

With a leaseback, you are whatever the terms of the lease say you are. You are
responsible for whatever the terms of the lease say you are responsible for. You
can take it whenever the terms of the lease say you can take it. If you don't
like the terms of the lease, don't sign it.

Assume for a minute that the terms are those that you assume in the previous
paragraph. The advantage might be that you gain experience in aircraft ownership
while reducing your out-of-pocket expense. Your aircraft gets flown, instead of
sitting on the ramp corroding. The fixed costs of tiedown, insurance, annual
inspections, etc are amortized over a larger usage base, lowering your hourly
cost. I'm sure you can think of more. Heck, it's even possible to come out
financially ahead. There are lots of people with different goals and different
expectations. Some will see an advantage in a lease, and some won't.


In my experience as a first time owner, having a partner or three to
divide the expenses (and there ARE expenses) has made the experience,
overall, wonderful.

I've had two partnership experiences, one excellent, one troublesome.

Dave