Pegasus Personal Finance | 5 Considerations Before Buying a Light Aircraft

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5 Considerations Before Buying a Light Aircraft

October 11, 2016

As you gain aviation experience, the kind of aircraft that you prefer flying becomes clearer. There are however a few useful tips to keep in mind before purchasing your dream light aircraft.

Light AircraftLight Aircraft Purpose

Knowing what you want to use the light aircraft for can directly influence features you consider when buying. Whether you want to be soaring across the country in a Bonanza, you will need to consider your experience and your uses. Would you be better off with a Skyhawk or Decathlon?

Pilot Community or Buying Whole

A shared ownership of an aircraft through a partnership or small flying club has invaluable community support. By owning a share of a light aircraft, you can spread the cost. Whilst still having the benefits of experienced partners for support. Although buying a plane in whole gives the buyer a little more freedom. This option doesn’t restrict being part of a community, with friends flying similar aircrafts and owner groups. Both options can be equally considered.

The Flight

After the usual safety checks have been completed and the aircraft is good for operation. You should consider the experience you need to successfully fly the craft. In most cases when buying a plane, the buyer doesn’t have a lot of experience in that specific aircraft. It is best to get a mentor for help and advice throughout this learning period. Intense studying of the light aircraft to know exactly where everything is will be extremely beneficial. Experienced instructors and mentors can also help you log valuable time before venturing to longer and more complex flights.

The Cost

Purchasing a light aircraft only represents part of the cost. Ownership comes with many on-going costs. Insurance, hanger, maintenance, fuel, engine oil and general cleaning are all things to consider in your affordability.

Our Finance

Many owners opt to finance their light aircraft to spread the initial cost over a few years. Our helpful team of experts can sort out the best finance option for you. To get you in your light aircraft quicker than you may think. All you would need to do is visit our calculator page and apply now.

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