Buying an airplane
My friend and are considering buying a C-150 that's just parked all the time. The owner never flies it, other than letting my friend take it up every few weeks. I've heard the guy is going to sell it, but the problem is that I have bad credit. Does any one know about banks/creditors that would loan to people with bad credit the $ to buy it? I can't offer much of a down payment. The airplane needs new paint, other than that it's fine. What else should I know about buyin' an airplane? We're looking for something to build up time, and to have fun with.