A Rough Guide to GA Used Aircraft Sales

Understanding the Aircraft Sales Market

The general aviation (GA) market offers a diverse range of aircraft sales, from small single-engine planes to larger turboprops and jets. When considering a used aircraft acquisition, it’s essential to navigate the market with informed decision-making.

Aircraft Sales Key Factors to Consider

Model Year and Airframe Hours: Newer aircraft generally have fewer maintenance issues, but older models might offer better value. Airframe hours provide insights into the aircraft’s usage and potential wear and tear.

Maintenance History: A thorough inspection of maintenance records is crucial. Look for consistent maintenance intervals, adherence to manufacturer’s recommendations, and any major repairs or incidents.

Inspection: A pre-purchase inspection conducted by a qualified engineer is indispensable. This inspection will identify any hidden defects or issues that could impact the aircraft’s safety and value.

Equipment and Avionics: Consider the aircraft’s equipment and avionics. Modern avionics systems can enhance safety, efficiency, and comfort.

Exterior and Interior Condition: Assess the overall condition of the aircraft, including the exterior paint, interior upholstery, and general wear and tear.

Personal Use: If you’re planning to use the aircraft for personal travel, leisure, or recreation, consider factors such as comfort, range, and ease of handling. You may also want to look for aircraft models with lower operating costs.

Business Aviation: For business purposes, speed, range, and cabin size may be critical factors. Consider aircraft models with higher performance capabilities and advanced avionics, as well as the potential for customised cabin configurations.

Flight Training: If your goal is to use the aircraft for flight training or as a stepping stone to more advanced aircraft, consider more basic and cost-effective models. Training aircraft typically prioritise ease of handling and durability over speed or comfort.

Special Missions: For specialised operations, such as aerial photography, surveying, or emergency services, look for aircraft models that can be easily adapted to accommodate specific equipment or operational requirements.

Financing Options

Purchasing a used aircraft can be a significant financial investment. Explore various financing options to find the best fit for your needs:

Bank Loans: Traditional bank loans offer competitive interest rates but often require substantial collateral.

Aircraft Finance Companies: Specialised finance companies such as Buckley Aircraft Finance offer tailored financing solutions for aircraft purchases.

Lease-to-Own: This option allows you to lease the aircraft with the option to purchase it at the end of the lease term.

Seller Financing: Some sellers may be willing to offer financing terms directly.

Aircraft Ownership Models

Choosing the right ownership model depends on your flying frequency, budget, and desired level of flexibility:

Sole Ownership: This model offers complete control and flexibility but comes with the highest upfront costs and ongoing expenses.

Fractional Ownership: Shares in an aircraft are purchased, allowing you to use it for a specified number of hours per year. This model reduces upfront costs and provides access to a larger aircraft.

Flying Clubs: Membership in a flying club allows you to share the costs of aircraft ownership and maintenance with other members. This option is suitable for those with moderate flying needs.

Additional Considerations

Insurance: Obtain comprehensive insurance coverage to protect your investment in case of accidents or damage.

Hangar Space: If you plan to own the aircraft, ensure you have access to hangar space for storage and maintenance.

Pilot Training: If you don’t already have a pilot’s license, factor in the costs of obtaining the necessary training and certification.

References

Federal Aviation Administration (FAA): https://www.faa.gov/

European Union Aviation Safety Agency (EASA): https://www.easa.europa.eu/en

Civil Aviation Authority (CAA): https://www.caa.co.uk/

Aircraft Finance & Leasing Association (AFLA): https://www.afla.org/

General Aviation Finance Association (GAFA): https://www.nafa.aero/cpages/home

Aircraft Owners and Pilots Association (AOPA): https://www.aopa.org/

National Business Aviation Association (NBAA): https://nbaa.org/

By carefully considering these factors and exploring the available options, you can make an informed decision and find the perfect used aircraft to meet your aviation goals.