Eventually, the temptation is too much to resist, and your lifelong desire to have a personal set of wings can only be satisfied by taking the plunge into aircraft ownership.
There are potentials for disappointment and dissatisfaction when entering into aeronautical matrimony, however. You will learn that what you want and what you need are often in diametric opposition. And tying up all the loose ends of an acquisition can be frustrating.
Fear not. There is help for the unwary. Good, honest bankers, brokers, and backers who have been through many airplane acquisitions before will know the ropes and can guide you through the rough spots.
That’s not to say there aren’t some shysters ready to unload a dog of a plane they happen to have for sale. But a reputation for dishonest dealing spreads quickly in the relatively small world of general aviation. Ask around before handing money to a seller you don’t know.
Many times, people have fallen in love with a certain airplane type early on and will rush out to buy it, any one of it, as soon as they’re able. Such a rushed relationship is a recipe for an early breakup. It’s also important to match the plane with the mission. Buy something that will do your average job and not a whole lot more.
And, unless you’re independently wealthy, consider the airplane’s ability to hold its value for when you’re ready to sell it. That…
Source www.planeandpilotmag.com
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