If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#21
|
|||
|
|||
The best reason not to buy an airplane before you get your certificate is
that you don't have as clear an idea of what you want now as you will after your checkride. Another reason is that you are likely to pay over $10,000/yr for a lot of performance (like de-ice) that you can't use until you have an instrument rating and that is assuming that anyone will insure you at any price. Airplanes aren't investments. There was a period recently where used airplane appreciated, mostly because the new airplanes weren't improved over the older ones. Cars would hold their value if manufacturers produced the same models for decades without improvement. Now that virtually all new airplanes are being delivered with glass cockpits you can expect the old ones to continue sliding. Mike MU-2 "New Pilot" wrote in message . .. Hello all, Wanted to hear your advice about buying a brand-new plane even before getting the PPL ticket. Here is my situation: I am a businessman sitting on quite a bit of cash being generated by my business, and I am also a student pilot, will probably get my ticket by the next Summer. I am thinking about buying one of them Cirri SR22. Considering that the inflation in this country is picking up, and also that there is quite a long waitlist for those Cirrus aircraft, would it make sense for me to place an order now, and until I get my ticket and gain some experience, to lease the plane back to my local FBO? Does this make sense economically, or am I totally crazy? In general, how good an investment are those brand-new airplanes, provided one can afford to pay cash for them? Thanks in advance, A Newbie Pilot |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
How to License Your Homebuilt Aircraft | [email protected] | Home Built | 0 | January 26th 05 04:11 PM |
Questions about the new Sports Pilot license | G EddieA95 | Home Built | 0 | September 5th 04 09:07 PM |
Legality of owning ex-military intercontinental aircraft. | Bill Silvey | Military Aviation | 71 | October 15th 03 09:50 PM |
Radio License Question | Tom Nery | Owning | 4 | September 22nd 03 03:52 PM |
Radio station license re-application? | Mike Noel | Owning | 4 | August 13th 03 09:40 PM |