Originally Posted by
JBell93
I don't think I'll be able to buy an airplane along with paying for training and school, but I will look into it! I may be able to rent my neighbours for a lot cheaper. Thanks for the info!
Most loan companies want 10% down on a plane.
A 40K note @ 6% for 15 years is ~ $350 a month.
Factor in operating costs (gas, insurance, cost of an instructor, etc) and you may find it cheaper than continuing at an FBO. There are plenty of web sites out there that will help you find the right plane for you.
And just to clarify...Im talking about a used plane. Tradeaplane and Controller have nice and easy sites to navigate on. No sense in droping $250k on a brand new one when youre looking to train and get your time.