Buying an Aircraft

• What are the first steps to buying an aircraft?

  The first thing any future owner should do is research. Decide on a budget and your must-have features to narrow down your options. Schedule a test flight or rent the model you’re considering to see firsthand if it’s the right fit.

• How do I decide what plane to buy?

  Every personal aircraft is unique, so finding the right one for your needs can take some time. Here are a few things to consider when deciding which plane to purchase:

  • Establish a budget early on to narrow your selection. Here at Piper, we have a variety of aircraft designed to fit any budget.

  • If possible, make sure to fly before you buy. Taking the aircraft for a test flight can help ensure it’s fully functioning and give you a feel for how it operates.

  • Narrow down your list by carefully choosing your priorities. Are you looking for speed? Top-of-the-line safety features? A spacious cabin? Check out our Aircraft Comparison Chart to find the perfect fit for your lifestyle.

• Is buying an aircraft a better option than renting?

  Opting for a rental aircraft is a good option for individuals looking to save on maintenance and storage costs, but owning your own aircraft can be an extremely rewarding experience. For many, owning a plane is a lifelong dream, as ownership offers you complete freedom with your aircraft, allowing you to customize features as you see fit and avoiding the often limited availability of certain rentals. Ownership may also offer financial incentives such as tax breaks, depending on where you reside.

• How much does a luxury private aircraft cost?

  The price of a personal aircraft can be extremely variable, depending on the model, condition and features included. Prices range from a few thousand to a few million, so it’s best to get a quote from a dealer directly for the most accurate estimates.

• What other costs are involved when buying an aircraft?

  In addition to the upfront purchase of the plane, other costs new aircraft owners need to take into consideration include:

  • Aviation insurance
  • Storage
  • Maintenance and inspections
  • Fuel & oil

• How do I finance an aircraft?

  New aircraft owners have a number of loan options for financing their personal plane, and choosing the right one can feel overwhelming. Piper Aircraft offers financing assistance to help new Piper pilots and owners like you explore their options and find the best solution for your needs. Contact Piper Financial Services to get started.

• How much does it cost to insure an aircraft?

  The cost of aviation insurance varies between policies, but most small aircraft insurance runs a couple of hundred dollars per month. It’s best to talk to an experienced aviation insurance agent to find the right policy for you.