Tips For Buying Your First Aircraft

Buying an aircraft can be a daunting task, especially if it’s your first. Owning an airplane opens doors to luxury, efficiency, convenience, and freedom. But because it’s an expensive investment, you must do everything within your capacity to ensure that you invest in the right aircraft. To make your decision-making process easier, we have compiled a list of the top 3 tips for buying your first aircraft.

1. Choose the Right Aircraft

With so many different models, makes, and price points in the market, purchasing an aircraft is somewhat similar to buying a car. The average cost breakdown of the different types of aircraft is as follows:

• Multi-Engine Plane: $75,000 to $300,000
• Single-Engine Plane: $15,000 to $100,000
• Ultralight Plane: $8,000 to $15,000

Even though you can spend millions of dollars on an aircraft, finding the category that works for you and your budget needs is advised.

2. Do Your Due Diligence

Once you have a clear idea of the type of aircraft you want and have options aligned in front of you, it’s time to start testing!

• Take the aircraft for a demo flight and check all the equipment and systems while up in the air.
• Hire a trusted technician and ask them to inspect all the parts of the aircraft.

3. Have a Financial Plan

An aircraft is an investment worth thousands of dollars, and while most people may plan to save then spend, there are several aircraft financing options that make the purchase easy and efficient. The process of creating a secure financial plan includes reviewing your finances, creating a loan proposal, documentation, credit underwriting, and finding a reliable source of funding.

Buy a Cirrus Aircraft Today!

Whether you are buying an aircraft to learn how to fly or are already a professional pilot, Elevate Aviation’s Cirrus Aircraft is all you need. This aircraft utilizes technology to ensure safety, sophistication, high performance, and comfort. Elevate Aviation also offers training sessions with the Cirrus aircraft call across Utah.

Want to learn to fly? Give us a call right away!