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How to Buy a Used Airplane

Buying an airplane takes a great deal of thinking and decision making. Future buyers of a used airplane should ask themselves several questions before purchasing the plane. These questions and other helpful hints should make your search for a used airplane much easier.

Instructions

- 1
  Decide what size, model and year aircraft you are looking for. Once these details are decided, you are ready to move on to the next step of purchasing your aircraft.
- 2
  Determine how much you are willing to spend. Be sure to take into consideration many extra costs other than the buying price. Many other costs are associated with purchasing such as: down payment, interest and principal on a loan, insurance, storage, annual inspections, maintenance, taxes and fuel. Taking in all these considerations will help you determine how much you can afford
- 3
  Understand your objective prior to buying. Are you interested in stunts, sight-seeing, pleasure, or cross-country trips? Whichever type of flying you are interested in will require a certain type of aircraft. This important step must be decided prior to your purchase.
- 4
  Search for the airplane of your dreams. The Internet, classifieds, and often times word of mouth, should provide you with enough avenues to pursue this purchase.
- 5
  Compare prices from a variety of sellers, makes, and models until you find the one that compliments your budget. This may take some time, but it will be well worth your wait.

Aviation