Hello Everyone.
If you bought a used 172 and leased it to a flight school or flying club, could you profit off the airplane? (Consider if you did not need to make loan payments -- no interest) All things considered, how often would you need it to fly?
Do used 172s appreciate in value still? Is the appreciation considerable? How might the actual costs of operation compare to the rental rate you could charge in a flying club?
Are there any interent resources that can help me evaluate whether or not buying an airplane could be profitable, or atleast pay for itself?
Thanks so much.
Mike
Also, say for a 40,000 dolllar aircraft, how much cash should you have immediately available as a maintanence reserve?
If you bought a used 172 and leased it to a flight school or flying club, could you profit off the airplane? (Consider if you did not need to make loan payments -- no interest) All things considered, how often would you need it to fly?
Do used 172s appreciate in value still? Is the appreciation considerable? How might the actual costs of operation compare to the rental rate you could charge in a flying club?
Are there any interent resources that can help me evaluate whether or not buying an airplane could be profitable, or atleast pay for itself?
Thanks so much.
Mike
Also, say for a 40,000 dolllar aircraft, how much cash should you have immediately available as a maintanence reserve?