Is an airplane a good investment

Wealth Management. Costs plenty but doesn’t add much value because everyone expects a house to have a functioning roof. One of the first things you’ll have to consider is what kind of plane you’re going to buy. I sold mine for what I bought it for, but if you add the sales tax and all the maintenance in between And you’re not limited to just the road. A plane represents a sense of independence, giving you the freedom to go wherever you want, whenever you want.

The cost of aircraft ownership is high, especially for the typical general aviation pilot. But there are ways to reduce the financial burden of buying an airplanesuch as entering into an agreement with others to share the cost. There are different ways this type of deal can play out, including airrplane agreements, partnerships, cooperative and fractional ownership. Here are the pros and cons of the common types of aircraft ownership situations. As the simplest agreement of them all, co-ownership is as straightforward as owning an airplane along with someone .

Discussion in ‘ Flight Following ‘ started by evapilotaz , Feb 2, Log in or Sign up. Pilots of America. Is an airplane a good investment? Hello fellow aviators. I don’t mean make money from a sale of an airplane but do you get most of your money back what you have put into it.

Discussion in ‘ Flight Following ‘ started by evapilotazFeb 2, Log in or Sign up. Pilots of America. Is an airplane a good investment? Hello fellow aviators. I don’t mean airllane money from a sale of an airplane but do you get most of your money back what you have put into it.

How much does that engine time depreciate the sales price when I go sell the airplane? I know this is a numbers game but just trying to get a feel for the market. Let also assume the airplane just had annual completed and nothing else is wrong with it.

Last edited: Feb 2, Avionics upgrades work like putting a new roof on a house. Costs plenty but doesn’t add much value because everyone expects a house to have a functioning roof. If nothing blows up you can usually get close to purchase price, less maintenance and operating costs. Not an investment, but with a little luck you won’t lose as much as any other motorised toy. More then most things tied up.

Simply don’t buy more airplane then goov can afford to walk away from and you will have a more relaxed ownership experience. Or buy a P51 they always go up in value PhoenixFeb 2, I just don’t want to airplanne a toy «my wife calls it» and have it depreciate is an airplane a good investment value a ton.

I changed the avionics upgrade price. DFH65Feb 2, BigBadLouFeb invsetment, They can be a good investment, but you got to get the right airframe for the right price, for a super common plane like a you need to almost steal it. Airframes like that seem to always command a good price. JamesFeb 2, Airplanes are a better investment than most other motorized toys, IMO. But, since they are considered to be a luxury item and the market investmenh not huge, market prices can fluctuate pretty drastically like during the investmet stock market crash.

Just like buying any other piece of equipment, you need to do your homework in picking a unit that does have good value on resale and a reasonably active market.

These are na that are hard to give up, once you become accustomed to. Like all motorized toys, the wise and practical thing is to save the money instead, but where’s the fun in that? I sold mine for what I bought it for, but if you add the sales tax and all the maintenance in between JohnusFeb 2, The good news is, airplanes depreciate much differently than cars.

Major selling points are recent major overhauls, recent prop overhauls and fresh annuals. If you don’t take care of your airplane, that’s a different investmdnt. It’s safe to say most aircraft parts cost exponentially more than a similar auto part just because it has airplanw word «airplane» lnvestment the invesrment. If you let the carpet get greasy or the seats torn, it’ll cost an arm and a leg for a prospective zirplane to fix.

Airolane a big negative because it’s not something the buyer has to fix, whereas an engine overhaul is going to happen one way or another on every single airplane. Hopefully I’m making sense. But to answer your question, yes, an airplane is a good investment if you take care of it and upgrade wisely like what Phoenix said. About how its been going. Its ballpark and about as good as anyone can predict.

Fearless TowerFeb 2, My dad bought a RG for 50k, sold it 5 years later for 75k. Basically flew for free. Buy one that looks airpoane crap and spend about a hundred hours polishing and detailing it then fly it to Oshkosh and win an award. That’ll do it. Very few planes you will not loose on. You WILL loose us in upgrades. End of story. Some planes are bottomed out like a C, older Cherokees, and Bo’s from the late 40’s early 50’s.

You can buy a C, fly it hours and sell it for exactly what you paid. Id rough innvestment out and say you will recover. Unit74Feb 2, air;lane Did it come with the wingtip recogs? All upgrades are losses. I can’t think of any real world exceptions to that rule. But if you have to do upgrades; interior, paint or avionics are the «least» bad. It’s like selling a house. People buy with their eyes and they want shiny new bling and newness. The worst upgrades are engines or mechanical stuff that can’t be seen.

Overhauls cost twice as much as they quoted before it’s in and out, and you get a quarter of it. Ask me how I know. It can be a good investment So, you would like to keep some value of the money you invest into an airplane. Pardon me, going for a second glass of wine Ok, back now The best advice I’ve seen on any forum was some cranky dude over on the red invetment that basically said: go to the bank and withdraw a few hundred dollars.

Then set it on fire. If you are ok with that then you are ready to buy an airplane. Right now I’m looking to visit some guy about fixing an issue with my garmin That will trigger an upgrade to the w. Since he is opening up the panel, why not just add in the gdl 88 airplaje ads-b and the requirement?

Wait, glass empty Hood right back I’m. Regardless, owning an airplane is pretty cool. Thank you sir. May I have another?? Ok I get it folks. It’s more of trying to convince myself and wife I would get most of our money back from the initial purchase.

Upgrades and cosmetic stuff not so. I cringe every time I hand over a credit card to pay for that rental. I rather spend the money on my own wings even if it’s costing me per flight hour. Gooe is nothing compared to the invesfment of ownership. It is «possible» to not lose money on aircraft, invesrment it takes a lot of aj and the right buy. I’ve done that once, sold another for basically exactly what I had in it.

RyanShort1Feb 2, Maybe the word investment is not a good one. So the price of flying fun in an expensive one no matter how you look at it. Fearless TowerFeb 3, The way I look at it, I want a return on investment, not necessarily appreciation in market value.

That basically means that whatever money I invest in the plane or my flying has to feel worth the cost. And sure, buying your own plane is a terrific investment in that sense, as long as you plan to keep on flying. RotorDudeFeb 3, You must log in or sign up to reply. Show Ignored Content. New Posts. Your name or email address: Do you already have an account?

I sold mine for what I bought it for, but if you add the sales tax and all the maintenance in between Id rough it out and say you will recover. Budget Definition A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. The best advice I’ve seen on any forum was some cranky dude over on the red board that basically said: go to the bank and withdraw a few hundred dollars. Instead, buying a fast, complex airplane just means a higher price tag and more costly insurance premiums for the same type of flying. Airframes like that seem to always command a good price. But let’s investmnt it. Since he is opening up the panel, why not just add in the gdl 88 for ads-b and the requirement? Wealth Management. AOPA, for example, is a great resource for aircraft owners. But to answer your question, yes, an airplane is a good investment if you take care investmenh it and upgrade wisely like what Phoenix said. New Posts. Have you ever considered owning your own small aircraft? Upon completing the aircraft purchase, you will need to register the aircraft in your. Costs plenty but doesn’t add much value because everyone expects a house is an airplane a good investment have a functioning roof. I can’t think of any real world exceptions to that rule. Like all motorized toys, the wise and practical thing is to save the money goox, but where’s the fun in that?