dont know if anyone gives a damn but if you guys are bored like me during the covid times then you can watch all the latest movies on InstaFlixxer. Been streaming with my gf for the last few months =)
Great info. I wish there would have been some examples of real world buys. I understand that every one of them would be different, but most people have no idea what to expect. An example like Bob bought a used 1975 Cessna for X amount and X Total time etc. Break down all expenses for say the first 5 years ownership, any unexpected maintenance issues. Break down what he pays for scheduled maintenance, wear and tear replacements, oil changes, and maybe any upgrades. At least this is one possibility of how a real ownership would cost, as long as everyone would understand no two are alike. Maybe even add an example of a bad deal where someone bought a lemon and what it costs them. I feel info like that would help me understand better what sort of finances I would need if I was to start looking for ownership.
Don't both Indiana and Kentucky levy personal property tax annually on All Vehicles With Titles ? I live in Cincinnati and have acquaintances in both IN and KY who complain annually about the taxes they pay on their cars, pickups, boats and motorcycles.
Good video and suggestions. My thoughts and my CPA are unless you fly 150 hours per year, sole ownership is much to expensive for most. I researched this for myself and found plan rental is best if flying under 50 hours a year. 50 hours and up to 100 + area works well with a flying club. Other option is ownership with partners that can work too, but I've seen friendships strained in the sharing approach and partners wanting out leaving bulk of costs with other partners. In addition planes need to fly at least every 2 weeks to keep engine fit from moisture contamination, or long term storage engine procedures need to be apply to protect the engine internals. Can you fly this much yourself devoting the time and cash? I'm happy with the flying club a nice in between sole ownership.
Wish there were more videos like this. Fairly old video. I will never use an airplane for business however there are only maybe three aircraft to rent in a hour drive. Always a conflict schedule. After 25 years of flying I will stop flying if I don’t buy something.
I'm glad I saw the recording, and not the live webinar. I kept stopping the video to take notes. Great information!
dont know if anyone gives a damn but if you guys are bored like me during the covid times then you can watch all the latest movies on InstaFlixxer. Been streaming with my gf for the last few months =)
@Kayden Richard Definitely, been using instaflixxer for since november myself :)
I am so glad I watched this! Covered some great points often missed. Thank you!!
Great info. I wish there would have been some examples of real world buys. I understand that every one of them would be different, but most people have no idea what to expect. An example like Bob bought a used 1975 Cessna for X amount and X Total time etc. Break down all expenses for say the first 5 years ownership, any unexpected maintenance issues. Break down what he pays for scheduled maintenance, wear and tear replacements, oil changes, and maybe any upgrades. At least this is one possibility of how a real ownership would cost, as long as everyone would understand no two are alike. Maybe even add an example of a bad deal where someone bought a lemon and what it costs them. I feel info like that would help me understand better what sort of finances I would need if I was to start looking for ownership.
Arkansas has personal property taxes too
Don't both Indiana and Kentucky levy personal property tax annually on All Vehicles With Titles ? I live in Cincinnati and have acquaintances in both IN and KY who complain annually about the taxes they pay on their cars, pickups, boats and motorcycles.
Good video and suggestions. My thoughts and my CPA are unless you fly 150 hours per year, sole ownership is much to expensive for most. I researched this for myself and found plan rental is best if flying under 50 hours a year. 50 hours and up to 100 + area works well with a flying club. Other option is ownership with partners that can work too, but I've seen friendships strained in the sharing approach and partners wanting out leaving bulk of costs with other partners. In addition planes need to fly at least every 2 weeks to keep engine fit from moisture contamination, or long term storage engine procedures need to be apply to protect the engine internals. Can you fly this much yourself devoting the time and cash? I'm happy with the flying club a nice in between sole ownership.
Thank you. Great episode.
great info I needed that thanks
very good video , but the LSA planes are also an option for 1-2 seat plane.
thank you again for the very informative video / show
Who is responsible for cost of pre-purchase inspection?? Buyer or seller?
The buyer
Such great info and super well presented. Thank you!
Thank you for your information.
“Goose, I feel the need for payload” just doesn’t have the same ring to it 😅
Wish there were more videos like this. Fairly old video. I will never use an airplane for business however there are only maybe three aircraft to rent in a hour drive. Always a conflict schedule. After 25 years of flying I will stop flying if I don’t buy something.
Soon
Hahaha 90% of the speed of smell