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What if you leased vs. renting?

A35plt

Member
Joined
Oct 5, 2005
Posts
7
Total Time
O IFR
Has anyone ever leased an airplane for a year or so to build time, ratings etc. and then gave the plane back when the logbook had what it needed?

It seems to me there are plenty of people with the ratings, they just don't have the needed Total Time.
I would guess it is very difficult to build time right now as a CFI the way the economy is..
 

ekuflyer

Well-known member
Joined
Jun 9, 2003
Posts
166
Total Time
enough
Has anyone ever leased an airplane for a year or so to build time, ratings etc. and then gave the plane back when the logbook had what it needed?

It seems to me there are plenty of people with the ratings, they just don't have the needed Total Time.
I would guess it is very difficult to build time right now as a CFI the way the economy is..

Take the money that it would cost to lease a plane for a year and go to Law School. Then in 5-10 years you can go buy your own plane. Problem solved!
 

A35plt

Member
Joined
Oct 5, 2005
Posts
7
Total Time
O IFR
why the f--- would anybody want to be lawyer?
have some dignity, man.
and where can you go to law school for @ $15,000.00?
wadda want to do, be a jet pilot or an erin brockovitch wannabe?
I'd like a serious response to the original question.
 

CDogg

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Joined
Dec 19, 2005
Posts
180
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goinup
Friend of mine had a 310 in college, think he put about 300 hours on it in a year or so. The big thing is getting lucky and not having to pay for any major repairs, because that will add up very quickly. The monthly payment, insurance, and doc can be cheap but one mx bill for a few grand and it can really start to make it inefficient. You could probably get a nice old BE55 or Twinkie for cheap in todays market, just look around i'm sure there's some 80 year old out there who's owned one for 25 years and it's been a hangar queen and in awesome shape....

Oh, and back when we were flying it fuel was in the 1.50/gallon range, so was quite cheaper/hour back then... so $35 an hour for fuel instead of $75 makes a big difference... and that was less than 10 years ago.

Good luck.
 

Flex-ible

JAFO
Joined
Jan 12, 2008
Posts
264
Total Time
40+
It would probably be cheaper in the long run to buy block time from an FBO, or find an owner who wants a "partner" for a few hundred hours. If you buy a plane, you are out the sales tax right away in most states - and those repairs can be huge, especially for twins.

Had a friend do Alpine Air 10 years for time building - he's with Northwest now so sometimes it works.
 

nisx

Active member
Joined
Jun 26, 2007
Posts
28
Total Time
5
controller.com has adds up for half shares or more. But I agree with Flex-ible. Try a rental place or flight school, talk to the owner see if you can work out a deal. I'm sure they would be more than happy to work something out.
 

midlifeflyer

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Joined
Jan 20, 2003
Posts
2,047
Total Time
some
Has anyone ever leased an airplane for a year or so to build time, ratings etc. and then gave the plane back when the logbook had what it needed?.
I haven't seen much in the way of long-term leases of light aircraft, although they probably exist, mostly for business purposes. My WAG is that it would be expensive - all the fixed costs, a repair reserve, operating and repair expenses, minimum usage, and a profit margin would be paid by you or calculated into the lease rate.

As another alternative, have you thought about approaching aircraft owners about buying into an airplane for a year or so? (Almost anything the parties want to do in the arrangement can be done, especially if you use one of those guys with no dignity). And it's sometimes surprising how many owners would welcome that kind of inquiry, especially these days with the economy in the toilet.
 

kc81900

Well-known member
Joined
Aug 19, 2004
Posts
127
Total Time
9000+
be very careful putting any money up front for flight time these operations can disappear ( along with your money ) in the middle of the night. If you want to purchase flight time upfront for a discount set up some sort of trust fund or something. It pays to involve a lawyer so you don't lose your money in the end. Good luck!
 
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