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Choosing the right make and model that is right for you is one of the most important decisions you will face in this process. The aircraft for sale should meet your personal taste and standards and fit into your financial budget. Ask yourself what you will be using this aircraft for. Family vacations? Commuting to work? How many people will need to fit into the aircraft? How many miles per year will your aircraft travel? Making a list of the things that are important to you in an aircraft will help you make your decision. Gather all the information you can about the aircraft you are interested in purchasing, including a complete list of specifications, damage and maintenance history, photos, etc. Aircrafts with missing records or major damage may still be great machines, but they are usually worth less. When purchasing an aircraft for sale, the owner/seller should be willing to give you all the information you request. It wouldn’t hurt to do a little of your own research as well. When deciding whether you can afford a certain aircraft or not, you also need to take into account the cost of operating and maintaining the aircraft. Once you’ve decided exactly what your budget is and what qualities you are looking for, you can start comparing aircrafts to see which one fits your needs the best. The type of insurance and yearly premiums you qualify for will greatly depend on your level of experience as a pilot. Start contacting different insurance companies now to keep you from wasting time later. Talking to an insurance agent now will help you rule out the aircrafts you can’t get insurance for. There are so many factors involved in choosing the right type of aircraft for sale. Many buyers choose to enlist the help of a qualified aircraft broker that can save you time and money. In many instances, a buyer will set their eyes on the perfect aircraft, and then have it sold out from under them while they are getting their finances in order. An aircraft broker can help make sure this doesn’t happen to you. Get pre-qualified right now! You can get pre-approved over the phone in fifteen minutes, or you can apply online. You are not obligated to use the loan once you’ve been pre-approved, but it will give you peace of mind knowing it’s there if you need it. Most aircraft lenders require 10-15% down with a 10-20 year loan, and they offer a low monthly payment with great repayment terms, including pilot incentives. You could also turn to a local bank to handle your aircraft loans, but they tend to be less experienced in the aircraft industry. If you decide to use a local bank, contact their lending department directly.
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