Airborne Privacy: When Is the Best Time to Buy a Private Jet?
Almost two-thirds of the world’s private jets can be found in the U.S. For anyone who spends a lot of time in the air, buying a private jet might be the goal!
With all the hassle involved in commercial air travel, especially with Covid policies, we all dream of flying private. But what is involved in making this happen?
Jet ownership is no small feat! You want to take steps to buy at the best possible time. Keep reading to learn when to buy your jet.
Can You Afford a Private Jet?
When you consider making a big purchase, you have to also consider the other costs associated with what you’re buying. What is the net present value for a private jet?
To make that determination, in addition to the purchase price, you have to consider things like fuel costs, maintenance, hangar and storage fees, insurance, pilot and crew, and more.
Once you have a grip on those costs, compare them to what you would save on travel costs from the other forms of travel you’ve been using. If this is a business purchase, how much would your company save by owning a jet?
How Many Private Jet Deals Are Available?
You want to consider the availability of aircraft for sale. Of those, how many are pre-owned? How many hours of use do they have? Pre-owned aircraft come with lower upfront costs and will depreciate at a slower rate than new ones. The savings can be significant.
Some will only be a year old with less than one hundred hours flown. Some might be 25 years old, but only have 10,000 hours on them. When aircraft are well-maintained, it’s common for them to last for 25,000 hours.
Are you looking for honest and unbiased aircraft values and appraisals? Make an informed decision when purchasing a private jet. Follow the link for the most up-to-date data so you’ll have all the information you need.
The Best Time to Buy
Can you justify this type of investment? Will you or your company be better off financially by making an investment in a private jet? If so, start looking at what’s available.
Check out the current market, if the supply is bigger than the demand, you might find yourself a good deal that you can’t pass up. Contact companies that vet and verify aircraft listings from all over the world. They can also match your needs with specific aircraft.
Owning a Private Jet
Now that you know some private aircraft buying tips, are you ready to purchase your own private jet? Remember to consider how many hours you spend in the air before moving from charter flights to private jet ownership. You want to make sure you’re making a sound investment.
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