You take a lot of business trips. So much so that the cost for regular airline tickets is beginning to drain on your wallet. Instead of continuing on this way, you could buy an aircraft of your own.
It’s an expensive endeavor. Way more so than heading to a car lot and picking up a vehicle. It’s not something that you want to go into without having a plan of action first.
The last thing you want is to get ripped off and be out millions of dollars. We can tell you what to be on the lookout for. Keep reading for a step-by-step guide that will help you make your purchase.
Think About Your Needs
Buying a plane isn’t cheap. You don’t want to buy more aircraft than you’re ever going to use. If most of your traveling is done by yourself or with one other person, a Single Engine Piston Aircraft will do the trick.
On the other hand, if you regularly take a trip with the entire family across the ocean, you may need something that can carry about a dozen people at a time.
Look at the Aircraft in Person
Now that you know what you’re looking for, it’s time to begin looking around for a plane. Make a list of models that you’re interested in and start looking up the specs and special features.
This will help you narrow down your search a little. At least enough for you to start looking at planes in person. You don’t want to close in on a deal without inspecting the craft yourself first.
Think of it this way, you wouldn’t drive a car off the lot without inspecting it first. The same philosophy works here as well.
Get a Pre-Purchase Inspection
After you’re done giving the aircraft a once-over, you’ll need to get a second opinion from a professional mechanic. They’ll know what to look for as far as deficiencies go.
If they find anything wrong with the used plane, they can tell you how much it will cost to fix it. They may even be able to get you a discount.
Close In on the Deal
Now is the moment you’ve been waiting for. You can close in on the deal and buy a plane. This is the most exciting part of the process, but it’s also the one that involves the most paperwork.
Like with buying a car, you need to get the title moved over to your name and put insurance on it. When that’s done, it’s all a matter of paying the current owner of the craft and waiting on them to deliver it to you.
How to Buy an Aircraft Without Getting Ripped Off
Are you tired of paying for airline tickets? If you travel all the time and you have the money, it might be a good idea to buy an aircraft of your own.
It’s an expensive process that involves a lot of paperwork, but you’ll find that it’s worth it in the end. If you’re looking for places to fly once you’ve made your purchase, we’ve got you covered. Check out the Travel section of our blog for all the best destination ideas.
