What you Should Consider before Buying an Aircraft
One of the best methods of traveling is by the use of airplane. Nowadays many people consider owning an airplane. Many people choose to travel with the use of an airplane because it brings a sense luxury. There are many considerations that you could make before buying an airplane. It is also important for you to go to the internet for you to get more info about the things you should consider when buying an airplane. When choosing an airplane to buy ensure that you choose the one that fits into your needs. You should ensure that you apply the 90% rule when deciding to buy an aeroplane. The 90% rule states that you should buy an aeroplane that fits 90% of your needs. One of the things you should learn is that by applying the 90% rule you end up saving a lot of money and also buying a plane that fits into your plan. For you to determine on what kind of plane you will choose you should also do a research on what you intend to do with the plane and the frequency that you intend to use the plane. Some other factor that you should consider the distance you want to cover with the plane.
It is also important for you to decide whether you want to buy a new aircraft or a used aircraft. It is important to note that the division of whether to buy a new or a used aircraft will play an important role in determining the amount of money that you spend in acquiring and aircraft. When it comes to buying a new aircraft you’ll discover that you are going to pay lower interest rates. The other important aspect to note is that when it comes to financing you have a more extended period for you to pay for the aircraft. You will learn that will be able to calculate the maintenance cost when you buy a new aircraft. This will be possible as you are the first owner of the aeroplane. The financial institutions will be able to give you a loan if you are buying a new plane.
It is very vital for you ensure that your plane goes through a thorough inspection before buying it. The inspection is geared towards ensuring that all the functionalities of the plane are as they are opposed to be. It is advisable for you to bring in your own mechanic in the pre purchase inspection.
After ensuring that all the functionalities of the planes are good it is not time for you to do a flight test. If you are a pilot you can do it by yourself but if you are not you can get the services of an instructor. The last things in terms of buying a plane is negotiating on the cost and this happens after you have run a flight test and you are contented.