Tips To Consider Before Checking Jet Sales

Posted by CFSJetsNC on December 6th, 2021

Multiple individuals and companies decide to invest in a private airplane to simply their traveling needs and ensure optimization of time and money. While it is customary to check the available jets to make an informed decision, being aware of the statistics related to jet sales in a state or country can make the entire process of buying and selling aircrafts considerably easier too. The best way to ensure a good transaction would be to consider the services of an experienced aviation broker who possesses some inside information. However, it is equally important to choose the right time to buy a jet for private use. Some of the factors that become a necessity to find the best possible time for becoming a private jet owner include:

Budget- It is essential to have a budget in mind before approaching a broker to find the right jet. A private investor should be willing to pay over a million dollars for a modest-sized jet. True, the two-seater and exceptionally small aircraft cost less, but a bigger jet asking for a commercial airplane may go up to 100 million dollars or more. One should also have the most used route figured. The bigger aircraft will not be able to land in small airports that do not have the provision of bigger runways. The facilities may be lacking too. It is advisable to opt for a small to mid-sized jet when one is eager to fly to offbeat locations that do not boast of huge international airports.

Comparison of New & Pre-Owned Jets- There are many reasons for an aspirant aircraft buyer to opt for one that has been used for several years before being listed for sale. Sure, one cannot find the best-used jet planes without the help of an aviation management company or broker. The experienced professionals would be able to arrange for an inspection and provide realistic reviews. This enables the prospective investor to buy a quality aircraft at a lower price.

Annual Flying Time-It is important to consider the recommendations of an aviation broker before going ahead with the buying process. It makes sense to contemplate the present market conditions, the purpose behind the purchase, as well as the rates provided for charter flights. The aspirant buyer should be inclined to fly for 150 to 250 hours every year to justify the investment. People using up more than 4to 60 hours per year are welcome to try the fractional ownership option to keep the cost low.

Maintenance- Investing in a private jet is not a one-off cost either. On the contrary, one would have to consider the regular expenses required to maintain it perfectly. The amount may vary considerably with the extent of use. Recurrent expenses for training pilots, liability insurance, landing fees, and refueling cannot be avoided.

An aviation broker would be able to find the right planes for sale once the prospective investor specifies the requirement.

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CFSJetsNC
Joined: May 3rd, 2020
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