Single Engine Aircraft Sales - 2 Key Strategies For Buying The Best One
One of the biggest problems with buying a single engine aircraft is the fact that you are usually always wondering what is wrong with the airplane! It is human nature to question why a pilot would be selling their single engine airplane. No one wants to buy some junker that got unloaded on them and they had no clue what was wrong with it until 2 months after they bought it.
Not only that, when your buying a single engine aircraft you are also going to want to make sure you get the best price possible. That way you get more airplane for your money & when you go to sell it you can hopefully maximize the amount of money you get for it.
Here's 2 Key Strategies You Can Use To Hopefully Help You Get The Best Single Engine Aircraft Possible
First - Don't Buy The First One That You Inspect
One of the worst things you can do is buy the first aircraft that you go and inspect. It can be very easy to get caught in this trap because if you have flown to a different city and have invested time and money into looking at the aircraft, you might think that the best thing to do is to buy it if you like it.
The problem with doing this is that you have never given yourself a fair chance with another airplane. If you are going to invest a good amount of money into an aircraft, you need to make sure you see a couple of them personally.
Remember, five years from now your not going to likely be worrying about that extra night you paid for in a hotel and that plane ticket you bought so you could go see another aircraft that fit the category you were looking at.
However, you will regret buying the wrong airplane if you rushed the process and did not get the right one for your situation. Also, if the owner of the aircraft you are looking at knows you are serious and yet knows your on your way to look at another aircraft - he's likely going to be more open to negotiating a better price as he knows your serious.
Second - Make Sure You Get A Professional Opinion On Your Selection
Don't just rely on your own instincts when buying a single engine aircraft - that is not smart. Make sure you have a good independent broker, aircraft mechanic and a certified appraiser working with you so you can get some proper advice and input into your situation.
It can be very easy to get talked into buying a certain aircraft based on what the owner is telling you and your gut feeling. But if you are new to all of this, it's very hard to decide what is the right choice as there are a lot of variables and things to think through.
Your friends, spouse and flying buddies might have an opinion, but make sure you get the opinion of some good professionals as well as they are in the business and might be able to see things that you can't see.
And if it is your first purchase and your new to the aircraft sales industry, your going to want to have the professional help of people who have been there before and who know what they are doing. There is no point in learning all your aircraft buying lessons the hard way. That can get expensive!
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