If you are tired of all the hassle you go through with commercial flights and if you don’t like scheduling each and every charter flight you take all throughout the year, you can just buy yourself a private jet if you can afford it. If you travel all the time and take a look at charter jet cost information, you can gauge the expenses you pay for a year if all your flights were chartered and compare it with your expenses if you were to buy your own private jet.
Whether you are to use the private jet for personal travels or use it to put up your own charter flight company, there are several things you should know about buying a private jet. As a first time buyer, you may be confused about which one to buy and what to look for in an aircraft. It is important that you take several factors into consideration because buying an aircraft is a serious matter and is a great investment.
1. What is your budget?
It is important to know the amount of money that you are capable and comfortable of using to purchase the jet. The jets vary in price from $1 million US dollars to $300 us dollars. Aside from the price of the jet, you also need to consider the amount you will be spending for maintenance, parking, landing fees, lawyer fees and many other fees. So make sure to include other fees in your budget so that you don’t get shocked at how much it costs you to buy and maintain your jet.
2. How big is your jet?
The size of your aircraft will determine its capacity as well as its ability to fly without having to stop for fuel. The larger the jet, the greater its capacity but larger jets can’t land on runways that are shorter. The remote areas usually have shorter runways and can only accommodate to smaller jets. If you target going to these areas then you should buy a smaller plane.
3. Prepare to get yourself a lawyer.
If you are thinking of buying a jet, it is important that you find a lawyer because unlike buying a car, buying a jet is more complicated. There are legalities, and FAA regulations that you have to meet and having a lawyer would be very helpful at this task.
4. Can you test the jet?
If you are going to release a large sum of money for a jet, it is important that you can test it out. You should also inspect the jet or find someone to accompany you to check the jet. That person should not be involved or related to the company where you are going to buy the jet so that there is no bias.
5. Can you manage the jet?
Managing the jet alone is impossible because you are not an expert at it. Even if you know some stuff about the jet, it is still not enough and you should get some help. Your management team can help you fly successfully to wherever you want while making sure that your jet is in great condition even if it is unused.