Quote:
Originally Posted by TylerbPilot11
I can get financing for an airplane better than I can getting financing for renting/training. The airport that I fly out of costs $30 to hangar it every month.
It's your future man. Be sure you know what
1. it's going to cost for insurance (i.e. get a quote)
2. how much the overhaul is going to cost since you sound like you're going to need some serious hours and will no doubt time out an engine
3. you get a thourough pre-buy from an impartial mechanic (someone that specializes in that type, and doesn't know the prospective seller) to include compression checks
4. what it's going to cost you per hour for services such as oil changes, tire service
5. fuel, Avgas is ranging from $5-7/gallon
6. State an local taxes. Places like Oklahoma charge a few bucks a year, places like IL/NY etc charge usage taxes which can run in the thousands
If you don't have at least a grand a month you can sink it to just upkeep and still have the cash left over to pay for gas and instruction... you'll be throwing money away that would've been better spent just renting.