Owning an aircraft is expensive. However, there are things you can do to reduce the overall costs. Before you buy brand-new, consider the benefits of buying a used plane.
Probably the biggest advantage of buying used versus new is the cost. New airplanes are significantly more expensive than older models. The older plane may need additional maintenance and have higher fuel costs, but those often still fall well below the cost of purchasing a new plane. Finding hardware distributors can help further lower the costs of maintaining your plane whether new or used.
If you plan to use your plane for small business trips or only as a hobby, there is no reason to buy the latest and greatest. Often a used airplane will have everything you need at a fraction of the cost. However, if you plan to make multiple trips a week and think the newer …