How to Buy your First Aircraft: What to Do and What to Avoid

If you’ve thought about what it takes to buy an aircraft, this course is for you! You may be learning to fly for your career, or maybe exploring your options for how to get into the aviation industry, or following your childhood dreams of getting your pilot’s license for fun.

By taking this course, we want to demystify the idea of buying your first aircraft. We know that excitement from finding the right aircraft, making the deal and taking off. So, why not share what I have learned with clear, manageable steps to take in order to make your dream a reality?

When I planned this course, I knew I wanted to answer the following questions:

• What’s the process for buying a plane?

• Why am I more confused after reviewing airplanes on different websites?

• What’s the right price for the aircraft I want to buy?

• Is this the right aircraft for me?

• How do you make sure that the aircraft is working appropriately?

This course will help you get familiar with the complete process of buying an aircraft.

By the end of this course, you will learn through a series of 15 videos:

• Investment analysis

  • Aircraft acquisition costs

  • How to estimate ownership costs

  • Aircraft as an investment. An approximate return on your investment

  • A quantitative analysis of buying vs renting a plane

• Buy an aircraft

  • What’s the right aircraft for you

  • Budget and timing

  • Aircraft financing

  • Research and selection

  • Valuation tips

  • Make an offer

  • Pre-buy inspection

  • Paperwork & closing

  • Aircraft home and aircraft insurance

• Future operation

  • How to keep aircraft value up and marketable

  • Next Generation upgrades: ADS-B Out.

I will be sharing with you a step by step guide to buy an aircraft to make the buying process easier for you. Print it out and take it with you when you go check out your potential first aircraft. The guide includes:

• Aircraft purchase agreement sample

• Bill of sale document

• Aircraft registration application

• Airworthiness certificate application

• Information if registering aircraft in an LLC

• List of websites that advertise aircraft for sale

• List of Facebook groups that advertise aircraft for sale

• Guidance to deal with an aircraft mechanic for the pre-buy inspection

  • Finding an aircraft mechanic

  • Defining the scope of the review

  • Important things to fix versus nice things to fix

  • Legal

  • How to use the information in your advantage

• Questions to help you solve what’s the right aircraft for you

• Tables to help you estimating your personal cost structure

  • Acquisition costs

  • Ownership costs

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Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!