3 Tips to Purchase your First Plane
Skip To Content
  • (801) 845.9955
    info@elevate-aviation.com
  • M - F 8am - 5pm
    Saturday & Sunday CLOSED
Main Content

3 Tips to Purchase your First Plane

Cirrus aircraft

Growing up, if you desired to become a pilot, there is a possibility that owning one was also a part of your fantasy. As an adult, the moment has finally arrived, and you are all set to buy your first plane. However, before you do, consider the following three things:

  1. Define Your Needs

Be clear on why you desire to own an airplane. There are myriad reasons why one wants to buy it. However, be realistic with the reason, as purchasing a plane will be one of the greatest transactions of your life.

Defining your needs for owning is paramount to determining if the effort and cost of ownership are truly worth it.

Ask yourself these questions, and you will be easily able to define your needs: how many hours a year will you fly? Next, take a glance at your rental experience and assess your flight hours. Were rental airplanes available on time when you required an aircraft? Were the rented aircraft in a viable position? Will flying habits improve if you maintain and operate your own airplane?

  1. Be Set On Your Budget

Maxing out the budget on the purchase price is not a wise move. Stick to your budget and do not blow it all on the purchase; otherwise, you will get in trouble. Do not indulge in purchase without setting aside a cash reserve for those first-year surprises; maintenance costs, unexpected repair costs, running costs, etc.

  1. Never Underestimate An Expert’s Advice

You may feel like an “expert” after perusing all the buying guides on the web or by taking a few flying lessons. However, do not fool yourself by pretending to be an expert.

The Bottom Line

Reach out to us, and we will be happy to help you through the purchase process.

At Elevate Aviation, we endorse Cirrus Aircraft, praised for providing ample amounts of attention to satisfy every detail and luxury. More importantly, the company holds nothing of higher value than your safety.  The Cirrus Aircraft is the safest and technologically advanced creations that cater to all your personal aviation needs.

 

Posted on Jul 26, 2021
Image Credit:

File ID 28422754 | © Evren Kalinbacak | Dreamstime.com

Share:

Archives

Jan 24, 2022, 9:03 PM
As Artificial Intelligence (AI) renders several people jobless every day, the labor market is constantly looking for new and…
Jan 10, 2022, 9:17 PM
Two of the most popular enhancements in the mobile aviation industry is the Flight Stream 510, which is a Bluetooth link that…
Dec 27, 2021, 2:17 PM
Becoming a licensed pilot means you get to fly different aircrafts. And if you are experienced enough, you may be able to fly…
Dec 13, 2021, 10:36 PM
Becoming a pilot is a dream for a lot of people. It is one of the most exciting jobs and comes with some unique benefits.…
Nov 22, 2021, 9:33 PM
Becoming a pilot has a number of perks and benefits. A salary that is well above the average income, great health insurance…