Best Private Jet To Buy: Buying Tips Shared By Aircraft Experts
Oprah Winfrey once said, “it’s great to have a private jet. Anyone that tells you that having your own private jet isn’t great is lying to you.” She said it right. Buying a private jet is one of the best investments one could make in 2021.
The COVID-19 pandemic has totally transformed the way we travel. People nowadays are on the lookout for low-risk, point-to-point travel without having to move through passenger terminals or sitting close to individuals they don’t know. But the question that arises here is how to buy the best private jet?
Consider these buying factors while choosing the right aircraft for your next flight:
Determine your travel needs
First things first. You should genuinely think of your travel needs. If you do not clearly identify your requirements, you cannot possibly know where to start. Ask yourself these questions before buying the best private jet:
- How far will you travel from your home base?
- How frequent are your trips going to be?
- How long is the distance of each destination going to be?
- Will my aircraft be used for business meetings and presentations?
- Do I need to buy a jet for my leisure travel?
- How many people will be traveling at a time?
Asking yourself questions like these will help you determine your travel needs.
Decide your budget
Budgeting is not just for people who don’t have enough money. It is for everyone who wants to ensure that their money is enough. Decide your budget before buying the best private jet for your needs. Make sure it includes both fixed expenses and variable expenses, as well as reserve funds.
The fixed expenses include insurance, navigation, music, weather database subscriptions, hangar costs and aircraft insurance. Variable expenses, on the other hand, include fuel, annual and other periodic inspections (AD compliance, IFR-certification, etc.) and unscheduled maintenance.
New vs used
A lot of our clients ask us this question, “should we buy a pre-owned private jet or is it best to go with a new one?” Of course, new private jets are more luxurious and come with a full warranty. Meaning, less overall operating costs in the first five years of operation. But hey… Pre-owned jets aren’t really that “used” to begin with!
At Miami Jet, we have sold many pre-owned jet aircraft. Some of those planes had sections of cabins that had never been occupied. Some seats were still covered in plastic wrap. Other advantages of a used jet aircraft are lower acquisition cost and high availability.
Check out our inventory to buy the best private jet in 2021.
Test and inspect
Another important and useful tip to buy the best private jet in 2021. Make sure to test and inspect the aircraft you want to purchase. Hire an engineer for this purpose. He will help you perform an initial test and acceptance flight, assess the operation and flight characteristics of your selected jet aircraft.
Your hired engineer will also ensure that the exterior, interior and all parts of the private jet are inspected for corrosion, over usage, wear & tear and damage of parts.
Above are some useful tips to buy the best private jet in 2021. We know, right? The process of buying a jet really involves a considerable amount of time, money, and energy. But no matter if the procedure is long and late, it’s worth the wait.
Looking forward to buying a private jet in the pre-owned market? Search no farther than Miami Jet! Our team of professional aircraft brokers will help you pick the best aircraft to suit your travel needs. Contact us today to discuss your requirements!