Top 10 Myths of Craft Ownership

Can't afford one? Can't justify one? Don't like that Salesperson? See on and we'll dispel the top 10 myths of craft ownership!
Can't afford one?

Can't justify one?

Don't like that Salesperson?

See on and we'll dispel the top 10 myths of craft ownership!

1. Only the rich can afford one. . .

Not so! Many a craft owners are earning moderate incomes. How do they do it? Mostly through proper planning and a thorough education prior to fashioning their purchase. You can discover simply about many a aspects of purchase an airplane at:
www.airplanenoise.com , a website that's nothing much than a compilation of helpful resources for those who want to learn!

2. You must fly at least 50 hours a year before an craft purchase is justifiable.

Well, it actually depends on what you're mistreatment as a reference. If you're trying to beat the cost of renting. . . find another way. If you have several business use, rental use or a need to access an airplane on demand you own craft is for certain justifiable. See much at www.aopa.org/members/files/topics/business_overview.html

3. If my business use is not the majority of my flying, I can't depreciate my airplane.

Wrong once again! Mistreatment the Joan sutherland Lumber case as precedent, you may be able to depreciate the majority of the value of your craft with as little as 27% business. Mistreatment Aviation Tax Specialists is critical once planning tax strategies for ownership of your aircraft. You can discover much at www.advocatetax.com

4. It's cheaper to own an older craft than a brand new one.

Probably not! With today's tax incentives, better interest rates for new airplanes and the controlled maintenance price that a assurance provides, in most cases a brand new craft is less expensive. Additionally, your flying comfort level with the dependable instruments and instrumentation of a new airplane wish confirm your decision to buy new.

5. Craft Salespeople are all "slime."

My favorite! Sometimes the reputation of a few can tarnish an entire industry! Not to worry. . . There are several great salespeople out there who have your interest as their main objective. For 10 tips to choosing a super salesperson, visit www.airplanenoise.com/top_ten.htm

6. I found a "cream puff" with a low-time engine!

Think that low-time engine is a nice thing? Think again! The better thing you can do for an airplane is FLY IT! Don't be fooled by this myth. . . It'll cost you! www.lycoming.textron.com

7. Those "whiz bang" astronautics on the new planes create inferior pilots!

On the contrary! Today's new instrumentation is all designed with accumulated security as the prime motivator! Weather systems, traffic, direction systems all provide the pilot with additional tools and resources in the cockpit wherever they're needed! What nice are they on the ground? Of course, the pilots need additional training to discover the equipment. . . Inferior pilot???? www.airplanenoise.com/articles

8. Finding a partner wish do my craft purchase easier.

Well, maybe financially. But is the money you save worth losing avialability, as well as a friend/partner? There are several areas for conflict from fair distribution of finances to cleanliness of the airplane. Before I throw a wet towel over the idea let me as well admit that many a partnerships are really successful. Simply remember. . . your select of partner should be taken really seriously. In fact several say that choosing your partner is similar to choosing a spouse! www.aopa.org/members/files/guides/multiple.html

9. Leasebacks are all 1-sided. (In favor of the flight school)

Simply like choosing a partner, choosing the right flight school to partner with is critical to the success of your leaseback. If you've done your due dilligence, you'll find the leaseback arrangement to be a "win-win-win" situation:
The school wins because they support their cash for growing their business

The owner wins with revenue generated and terrific tax incentives.

The flight students win because they now have one much airplane at their disposal.

Once again. . . proper planning!

Discover the pros and cons of leasebacks:

www.aopa.org/members/files/guides/aclease.html

10. I simply can't justify a new plane!

Sure you can! If you need help, visit:
www.airplanenoise.com

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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 much simply about the General Aviation Business, sign up for much FREE tips like these, visit her site at http://www.airplanenoise.com