O.K. Let's acknowlege that emotionally, WE WANT
THE AIRPLANE! After all, who wouldn't? What could be more desireable
than a brand new airplane, everything working, smell of new leather,
and of course the turning heads every time you land ?
People buy for emotional reasons and justify their decisions with
whatever logic they can find or create, no matter how ridiculous. -Joe
Vitale
So you want to buy an airplane! What's stopping
you? Perhaps I can list a few things:
1. My spouse doesn't fly and doesn't support my
flying habit.
2. I don't do enough flying. . . it's probably
cheaper to rent.
3. I'm not rich.. . How could I afford an
airplane of my own?
O.K. Let's acknowlege that emotionally, WE WANT
THE AIRPLANE! After all, who wouldn't? What could be more desireable
than a brand new airplane, everything working, smell of new leather,
and of course the turning heads every time you land your new airplane?
Now comes the justification part. We'll start
with
1: My spouse doesn't fly and doesn't support my
flying habit.
Unfortunately, this one's all too common.
However, there are a few things you can do to enroll your spouse in the
program.
Make it a practice of flying to places that your
spouse wants to go! Skip the pancake breakfasts and fly-ins. Fly to
destinations that are unrelated to aviation. For a list of some great
places, visit
http://www.airplanenoise.com/great_trips.htm
Try a "Pinch Hitter" course. Sometimes (I can
speak from personal experience here) a good instructor can "hook" your
spouse and before you know it you'll be forking out additional money
for flight lessons. This is not a bad thing. . . With both of you
involved in this activity, you'll win support for your purchase!
Who knows? Maybe your spouse prefers your absence
and will endorse your involvement in a time consuming activity!
2. I don't do enough flying. . . it's probably
cheaper to rent.
Have you heard the "50 hour/year" rule? Well if
you have, disregard it! With a little bit of planning, your airplane
investment can pay off with your personal and business flying.
Airplanes are unlike other vehicles and actually increase in value over
time. Take a look at a Aircraft Blue Book or V-Ref and compare values
of some older airplanes. Some are several times their original purchase
price! Different airplanes appreciate at different rates, so look for
strong manufacturers that will be around years down the road.
3. I'm not rich.. . How could I afford an
airplane of my own?
THE BIGGIE! New airplanes aren't cheap, but if
you can position yourself for financing, the airplane can actually PAY
YOU for the first 3-4 years! Sound impossible? Incentives are in place
both from manufacturers (in the form of low interest rates) and the new
tax incentives. With as little as 27% business use , you can depreciate
the majority of the airplane and benefit from the associated tax
savings. First year may be as much as 80% depreciation for a new
aircraft! Additionally, warranty will cover the bulk of your
maintenance expenses. With regard to "positioning yourself for
financing," visit http://www.airplanenoise.com/teleclass_schedule.htm
for a free download of "The Secrets of the
Aircraft Finance Companies." You can also send a blank e-mail to:
aircraftpurchasesteps@getresponse.com
for the Aircraft Purchase Wizard, a 9 e-mail
series outlining the aircraft purchase steps with exclusive links and
downloads.
Come on! We all justify our purchases everyday!
You didn't really need these tips now, did you?
About the Author
Pat Redmond, helps business owners who are tired
of long lines and baggage claims, fly their way to freedom! Enjoy
dinner with your family tonight! To learn more about the General
Aviation Business, sign up for more FREE tips like these, visit her
site at http://www.airplanenoise.com
