Why do billionaires buy used private jets?

Billionaire private jet businessman business mogul entrepreneur

[AlinBahoWixPartner]

How can someone not subscribe to such a channel. Your are being entertained, learning the art of sales, negotiating and much needed people skills

[garyowen]

I can tell you why in a nutshell, billionaires don’t like paying retail. Also, as a pilot, I’d prefer to have aircraft that has sometime on the airframe, and engines, and a decent number of cycles (if it’s pressurized), as it’ll have maintenance logs with details, and any squawks noted. Airplanes, particularly CJs, are so complex, even with all the QC, if you buy new, you’re kind of a beta tester. It’s usually just little stuff, but then you never know.

[abduljabar]

I don't have enough money for car but i loves watching his channel because of his wisdom in business world. He talked common sense that many are forget.

[mattmcrae]

This guy is a great salesman. Take his same energy and apply it to any sales field and you will be successful.

[mattcollins]

Dude's whole channel is a masterclass in the soft sell.

[HFDLI]

The more i watch this channel the more i realize that there's nothing different owning a car and private plane, thanks for the lesson sir

[gaylespencer]

They buy used for value. We all do it.

[Jack_huntakilla]

Read the book ‘Millionaire Next Door’ this is how they really do it. Only the not so rich go into loans and buy the latest stuffs

[AAful]

Immovable Asset, like land: Appreciative Asset.
Movable Asset, like a car or jet: Depriciative Asset.

[Thumper]

How does someone get into this business?

[antonm]

And the agent could make a two-way commission this way.

[jamesbradley]

Most of the information it’s very true. But it depends on what the BUYER wants. If IMMEDIATE gratification is needed, buy USED. But when you buy used, you are buying someone’s past problems or potential upcoming problems. People trade in cars to either trade UP, or because of up coming maintenance issues. With planes, these “maintenance issues” can be complex and timely. And definitely EXPENSIVE. So they pass that problem to the next owner. As for depreciating values, millionaires and billionaires seriously NEED depreciation write offs to offset their income. And technology is ALWAYS getting better. Would you trade your Windows 11 for and old VISTA OS?! Of course not. And with all the airworthiness required on new planes, the question becomes when can I pick up? If Boeing, the backlog is high. With Airbus, it’s more manageable. So it’s based on the mfg. When this happens, there are NetJets, etc. with inventories of available jets until your new jet is ready. Or buy USED because your needs are IMMEDIATE. Each choice has pros and cons. But it’s the BUYER who must choose their priorities. It’s THEIR money!

[Lyko-rd]

I never buy a car new, eg, an S8 new 300k 6-month-old with 4, 600km 160k AUD that's a cool 140k saving. Now that's smart business.

[leoxd]

you could also just Charter the Jet instead of spending tens of millions to own one.

[josephhenry]

Well .... I'm going to own a private jet soon...🎉❤

[mochileiro]

What is considered a good sales month of aircraft?1 per month??

[ssisk]

Same reason you don't buy that sports car you want today, you buy todays model in 3-5 years...
Let the first guy or four take that big value hit...

[zmaximumo]

i don’t understand why youtube sent me here, even i do have money to buy a jetplane, i will think million time to consider it 😅😅

[sakispsinakis]

He’s making videos for cheap people. Just look at all the comments 😂

I wonder if the company has sold anything yet

I think at the end he will be selling sales coaching sessions lol😂

[Ramsay]

Same reason how most became a billonaire they like a good deal.