How Do I Justify This?
by:
Pat Redmond
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 ?
Folk buy for emotional reasons and justify their decisions with any logic they can find or create, no matter how ridiculous. -Joe Vitale
So you want to buy an airplane! What's stopping you? Possibly I can list a few things:
1. My partner doesn't fly and doesn't keep 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 partner doesn't fly and doesn't keep my flying habit.
Unfortunately, this one's all too common. However, there are a few things you can do to inscribe your partner in the program.
Do it a practice of flying to places that your partner wants to go! Skip the battercake breakfasts and fly-ins. Fly to destinations that are unrelated to aviation. For a list of several great places, visit
http://www.airplanenoise.com/great_trips.htm
Try a "Pinch Hitter" course. Sometimes (I can speak from personal experience here) a nice teacher can "hook" your partner and before you cognize it you'll be forking out additional money for flight lessons. This is not a bad thing. . . With several of you involved in this activity, you'll win keep for your purchase!
Who knows? Possibly your partner prefers your absence and wish endorse your involvement in a time overwhelming activity!
2. I don't do enough flying. . . it's probably cheaper to rent.
Have you detected
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 another vehicles and actually increase in value over time. Take a look at a Craft
Blue Book or V-Ref and compare values of several older airplanes. Several are several times their innovational purchase price! Several airplanes appreciate at several rates, so look for strong manufacturers that wish be about 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 1st 3-4 years! Sound impossible? Incentives are in place several 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. 1st year may be as more as 80% depreciation for a new aircraft! Additionally, guarantee wish 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 transfer
of "The Private secrets of the Craft
Finance Companies." You can besides send a blank e-mail to:
aircraftpurchasesteps@getresponse.com
for the Craft
Purchase Wizard, a 9 e-mail series outlining the craft
purchase steps with exclusive links and downloads.
Move on! We all justify our purchases everyday! You didn't actually 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 discover more just about the General Aviation Business, sign up for more FREE tips like these, visit her site at http://www.airplanenoise.com