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Fly the Friendly Skies: How to Buy an Airplane

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Have you ever had dreams of owning your own private jet? Would you love to be able to have certain travel freedoms? Or would a private plane be beneficial to your business?

Regardless of your reasons, a plane is a major investment. That is not an investment you should take lightly. You need to ensure you get a plane that is necessary, affordable, and of good quality for safe flying.

If you feel a need to make that investment, there are many factors you need to consider. Here is your guide on how to buy an airplane.

How Much Does It Cost To Buy An Airplane?

How much is a plane going to cost you? Depending on which type of plane you need, you could pay anywhere from $8000 to $300,000

Single-seat ultralight planes tend to be the cheapest, ranging from $8000 to $15,000. Single-engine planes can get as high as $100,000, and multi-engine planes are where you will really see major expense.

Planes aren’t cheap. For that reason, you need to assess your budget as well as your personal or business-related needs when making this substantial investment.

Buying First Airplane

Cost is only the beginning. There are some other matters to consider when buying an airplane.

For one thing, you need to pick an ideal plane, namely one that will meet your needs 90% of the time. If 90% of your traveling is by yourself, you’ll be fine and you’ll save money with a two-place-model plane. Unless you’re doing a lot of traveling with your family, there’s no reason to spend a fortune on a four-place model with huge baggage space.

You’ll also want to find ways to pay for the plane since it will prove costly. Look into financing options, or even consider looking into buying a used plane. Just make sure you take advantage of the Verified Aircraft Value Report from vref.com to verify the aircraft’s history as well as its value.

Another important action to take is looking into where to buy a plane. Look for a reputable company that offers financing and that has a history of customer satisfaction. Companies such as Aerotrader, Controller, Trade-a-Plane, and AVBuyer are great places to go.

These tips seem like a lot, but a plane is a big investment that should be taken very seriously. Ensure you make good on this investment by taking these steps so you purchase a reliable plane of good quality.

Follow These Steps On How To Buy An Airplane

Now that you know the steps on how to buy an airplane, you can put these steps into action and ensure you get a good plane for your money. This is a huge investment, so follow these steps to make it worth it. And be sure to enjoy your flying experience.

For more on matters such as traveling and business expenses, visit the Business and Lifestyle sections on our site. 

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