| People buy for emotional reasons and justify their | | | | absence and will endorse your involvement in a time |
| decisions with whatever logic they can find or create, | | | | consuming activity! |
| no matter how ridiculous. | | | | 2. I don't do enough flying. . . it's probably cheaper to |
| -Joe Vitale | | | | rent. |
| So you want to buy an airplane! What's stopping you? | | | | Have you heard the "50 hour/year" rule? Well if you |
| Perhaps I can list a few things: | | | | have, disregard it! With a little bit of planning, your |
| 1. My spouse doesn't fly and doesn't support my flying | | | | airplane investment can pay off with your personal |
| habit. | | | | and business flying. Airplanes are unlike other vehicles |
| 2. I don't do enough flying. . . it's probably cheaper to | | | | and actually increase in value over time. Take a look at |
| rent. | | | | a Aircraft Blue Book or V-Ref and compare values of |
| 3. I'm not rich.. . How could I afford an airplane of my | | | | some older airplanes. Some are several times their |
| own? | | | | original purchase price! Different airplanes appreciate at |
| O.K. Let's acknowlege that emotionally, WE WANT | | | | different rates, so look for strong manufacturers that |
| THE AIRPLANE! After all, who wouldn't? What could | | | | will be around years down the road. |
| be more desireable than a brand new airplane, | | | | 3. I'm not rich.. . How could I afford an airplane of my |
| everything working, smell of new leather, and of | | | | own? |
| course the turning heads every time you land your | | | | THE BIGGIE! New airplanes aren't cheap, but if you |
| new airplane? | | | | can position yourself for financing, the airplane can |
| Now comes the justification part. We'll start with | | | | actually PAY YOU for the first 3-4 years! Sound |
| #1: My spouse doesn't fly and doesn't support my | | | | impossible? Incentives are in place both from |
| flying habit. | | | | manufacturers (in the form of low interest rates) and |
| Unfortunately, this one's all too common. However, | | | | the new tax incentives. With as little as 27% business |
| there are a few things you can do to enroll your | | | | use , you can depreciate the majority of the airplane |
| spouse in the program. | | | | and benefit from the associated tax savings. First year |
| Make it a practice of flying to places that your spouse | | | | may be as much as 80% depreciation for a new |
| wants to go! Skip the pancake breakfasts and fly-ins. | | | | aircraft! Additionally, warranty will cover the bulk of |
| Fly to destinations that are unrelated to aviation. For a | | | | your maintenance expenses. |
| list of some great places, visit | | | | With regard to "positioning yourself for financing," visit |
| Try a "Pinch Hitter" course. Sometimes (I can speak | | | | eleclass_schedule.htmfor a free download of "The |
| from personal experience here) a good instructor can | | | | Secrets of the Aircraft Finance Companies." You can |
| "hook" your spouse and before you know it you'll be | | | | also send a blank e-mail to for the Aircraft Purchase |
| forking out additional money for flight lessons. This is | | | | Wizard, a 9 e-mail series outlining the aircraft purchase |
| not a bad thing. . . With both of you involved in this | | | | steps with exclusive links and downloads. |
| activity, you'll win support for your purchase! | | | | Come on! We all justify our purchases everyday! You |
| Who knows? Maybe your spouse prefers your | | | | didn't really need these tips now, did you? |