How to BUY YOUR FIRST PLANE

Should you rent or buy a plane? How do you choose a plane? How do you finance and pay for a plane? How do you find the right plane to buy? Should you buy an old or new plane? I'm talking to professional aircraft broker Philippe about how you can buy your first plane.

I bought a plane to fly around the world - it's EYZ a Cirrus SR22. I talk about why I bought this plane, and Should You Rent Or Buy An Airplane? Also how can you work out what does it cost to own your own airplane? Philippe helps explain ownership costs and what costs to expect if you're interested in buying an airplane.

Oh and if you're wondering how to buy a helicopter, this advice also applies!

CONTACT PHILIPPE ABOUT BUYING A PLANE

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Tracks by Epidemic Sounds.

[sammossbeck]

Him: You don’t buy a truck to bring your kids to school in the morning

Americans: *sweating*

[fqotmcp]

I can’t even afford a car why am I watching this ?

[NikosWings]

Great great great advise and you hit every item on someone’s checklist on how to go about buying an airplane.

[wdtest]

Step 1. Have money
Step 2. Have even more money

[WoutervanTiel]

When I was young my 'requirements list' for my bird was blue eyes, blonde, svelte and fun, now I am older and my 'requirements list' for my new bird is airspeed, range and glide slope ratio....

[marsgal]

I rented for a long time but got frustrated at not being able to do long trips. The only rental options were flight schools where students have to come first. Then there were the strict rental policies: a written exam to blow your nose, and a check ride to sneeze...

I set a budget that included most of the usual GA suspects: Cherokee, 172, AA5, Sundowner, etc. Something like an Arrow or a Cardinal wasn't out of the question. A share in an Arrow or a Cardinal would have me reaching for my checkbook. I ended up with a charming old Beech 23 Musketeer, bought from some nice local fellows who weren't flying it enough. Look over the plane and documents, test flight, research issues and ADs, pre-purchase inspection, deal! Along the way I flew a Citabria to get a taste of what taildraggers were like. A 152 would suit me fine except I'm a very tight fit and was concerned about getting out quickly in an emergency. The Tomahawk was interesting but there aren't many around.

Financially, it's utter nonsense. None of which matters when I line up on the runway. :-)

[Cathy-ygfr]

Almost 10 years ago I almost got my PPL, so close. A few months ago I was unexpectedly spending a few days in hospital, watching life pass me by and Stefan you reignited the dream. I’m finishing it!
See you at YMMB one day.
Thanks :)

[viewerad]

"there's nothing like getting into the airplane and your headset is already plugged in" That is probably one of the main reasons I went with sole ownership of an SR22. Great video, great questions. I too went through my first purchase last year. It was enlightening, frightening, frustrating, enraging (met one sleaze bag I'm glad I didn't buy from), educational and in the end extremely rewarding.

[-paulmp]

I'm watching this at 2am thinking "oh this is useful"... when I can't even afford a plane ticket at the moment with my business collapsing due to the pandemic... *sigh*

[jeffswartwood]

Great video and advice! I have owned an airplane where it was located at an airport nearby and I now own an airplane and I live on an airpark. I cannot tell you how incredible it is to just pull your plane out, take off and go where you need to go. It is pure freedom. And the ability to just step into the hangar at any time to tinker with the plane, polish it, work with the avionics, etc is completely next level in the aviation game. Good luck with the SR22. Gorgeous plane!

[dr.sudhiryadav]

I have just ordered my A-380. Thanks for the guide.

[jeremiahjones]

Extremely helpful! I’ve been loving your content recently, and found the flight sim week hilarious to watch! Add Utah to your round the world flight, we’ve got some incredible mountain flying over here 🤙🏻

[mjotd]

and I was just about to sign on the dotted line ... Good vid Stef, Philippe is a cool guy!

[JonMulveyGuitar]

Thanks Stefan! Always great content and love the channel.

[albertob.]

This is a great video and Philippe’s advice is much appreciated. Thank you for sharing Stefan!

[chamonixvip]

Excellent questions, thank you for the video, gave me a lot of perspective!!

[thomaseppel]

Another great video from one of the greatest youtubers ever! Sick editing skills mate!

[msaviation]

Thank you so much for all the information, and another great video. Can’t wait to see the future with EYZ! 😊

[billnicholson]

Very interesting. Lots of great information. Thanks Stefan and Phillippe. Stay healthy.

[JonMcG]

Very good, informative, you asked all the right questions, same questions asked when I was pondering that path . Love the channel Stef . Happy flying 😊