Are you thinking about upgrading the way you travel? Make sure you ask these crucial questions when buying a private jet.
Are you ready to take the next step and change the way you travel forever? Owning a private jet comes with its own unique set of perks and advantages to ensure that you are always able to get where you want to go.
However, before you make that big decision to purchase your own private jet, there are some serious questions you need to ask yourself.
In this article, we will take you through and explain the 7 crucial questions you need to ask yourself when buying a private jet.
We are sure you will be jetting down to Costa Rica or Cuba in no time after thinking about these key concepts. So buckle up and read on to find out more!
1. Where Are You Going to Store It?
This is one of the most important questions you need to be asking yourself when it comes to buying a private jet.
Selecting the right provider and airport is crucial in your private jets’ overall storage and maintenance.
Choosing a provider who is used to dealing with luxury and privation aviation is a no brainer, they are often able to sort out any maintenance issues or repairs and help you with any number of tasks associated with your aircraft.
Put your faith into a reputable provider who can take care of your needs and requirements, leaving you to focus on your holidays, weekends away, or necessary business trips.
2. What Is Your Main Purpose for Using a Private Plane?
This is also important when thinking about buying a private plane. What is going to be your main reason for flying?
Is it more holiday based? Or is it to do with your work or business? Are you having to make several trips a year to far-flung places of the world?
Whatever your reasoning or purpose, make sure you check out the types of private aircraft that most suit your needs.
3. How Many Hours Do You Expect to Fly a Year?
This is a crucial question when it comes to the maintenance and upkeep of the aircraft. You will need to change the oil and gas every 50 hours of flying time you do, or around every three to four months.
Keeping track of how much you are expecting to fly can help you understand what kind of aircraft you may need. It will also allow you to keep on top of your everyday maintenance of the aircraft.
4. Who Are You Planning to Fly With?
This is something to consider when thinking about who is going to be riding in your plane and the type of facilities you might want on board.
Are you expecting to use it with your family or relatives? Do you have young children that might need additional safety features or safety devices in a smaller size fitted aboard the aircraft?
Similarly, are you going to be conducting business on the plane? You might need to make sure you have properly fitted interiors to chair meetings or conduct business whilst on board.
Whomever the type of people you are planning to fly with are, you need to make sure your aircraft reflect that type of scenario with the interiors.
5. How Soon Do You Need the Aircraft?
If you have any element of time sensitivity when it comes to buying a plane, you might not have an extended time to shop around.
If you don’t have a lot of time then you might feel rushed or hurried into making an impulse buy, or buying something that doesn’t meet all your requirements.
People think that private jet purchasing is a bit like buying a car, but it is a bit more complicated than that. Make sure to do your research and compare models before you decide or make a huge financial commitment.
6. Can You Afford to Buy a Private Jet?
It might seem like a silly question, but it’s critical to think about all the costs associated with buying a plane that can quickly mount up.
There are the initial upfront costs of the private jet of course, but you need to think about annual service checks, the cost of fuel, and storage which can set you back.
This isn’t to say that you can’t own one by any stretch of the imagination. Be mindful of all of the costs and factor those into your budget.
7. Should I Lease My Private Jet for Charter Flights?
This is dependent on how much you use your plane and what you tend to use it for. If you aren’t using it every week then why not look into leasing it out for flights for a bit of extra money?
It can be a great opportunity for you to make extra cash for doing nothing. You can work with established providers to get reliable clients, just be prepared for them to take a cut from the fee also.
Be wary that additional uses of your private jet might add to the overall cost of your maintenance fees, so make sure you weigh up those costs before you commit to doing so.
If you don’t fancy leasing out your private jet to other private clients, that’s up to your discretion.
Buying a Private Jet: Where Can I Find Out More?
We hope that this article has given you some serious things to think about when considering buying a private jet.
Make sure you ask yourself those difficult questions now and prepare yourself for any bumps in the road along the way. Owning a private jet can be one of the most liberating and freeing experiences for any successful person wanting to navigate the skies.
If you have any further questions or queries about buying a private plane or are interested in any of our services, why not contact us directly?