Premier Aircraft Sales New and Used Inventory

FIRST TIME BUYERS

Whether you're a new student pilot or a long time renter, buying your first airplane is something you’ve always dreamed about. Just like your first solo, if you apply good judgment and attention to detail, buying an airplane will become a rewarding experience that gives you a new found sense of freedom and pride.

Also like your first solo flight, there are people who can help. Premier Aircraft Sales specializes in helping first-time buyers. Whether you are buying a pre-owned airplane or a brand-new Diamond or Mooney, our decades of experience will help ensure that your aircraft ownership experience is all you hoped it will be.

To help you get started, we’ve collected a few frequently asked questions. But, remember, every situation is different so don’t hesitate to call us with your questions.

What Kind of ownership is right for you?
Which airplane is right for you?
How do I finance my airplane?
What About Taxes?
Why buy an airplane from Premier?

WHAT KIND OF OWNERSHIP?
Before you decide what kind of plane, you may want to consider what kind of ownership situation is best for you:

Sole Ownership – This offers the greatest amount of flexibility because you make all the decisions, and the plane is available whenever you desire. This method works out especially well if you have some business use for your plane, thanks to favorable tax laws.

Partnership – This is a great option, but you need to choose your partners carefully. We will direct you to a good attorney to help you devise a good agreement. In many cases, we can help you find good partners in your area.

Leaseback – Leasing your airplane back to an FBO or flight school not only defers some of the cost of ownership, it can also turn your airplane into a profit center. The drawback is strangers will be flying your airplane. Premier will be happy to work with you to set the right expectations and look for leaseback opportunities in your area. (top)

WHICH AIRPLANE IS RIGHT FOR YOU?
One of the toughest decisions will be to honestly explore what your airplane will be used for. Many of us do a lot more $100
hamburger runs than serious “business” travel. Do you have a vacation home or other frequent destination? Who and what do
you normally take with you on a trip? How important is speed? Do you need to fly in weather? Your logbook is a great place to
start. Once you have a good grasp on the mission, it will be easier to choose the right airplane.

Unless you are extremely fortunate, price will be a factor. While the purchase price may seem to be a large number, other costs can end up being more important. That’s why knowing your total cost of ownership is so important. For example, older light twins can often be purchased for less than a newer single, but the higher cost of training, insurance, fuel and maintenance can quickly eat up any savings in purchase price.

You should also have a serious discussion about your skills and experience with your Premier representative before purchasing any airplane. You should also talk with an insurer early on to see what requirements or additional training they have before writing you a policy. The most important aspect of safety is the pilot, but the planes do make a difference. Ease of use, dependability, safety features and crash worthiness vary from model to model.You should consider the safety features and records of the models you are comparing. For example, Diamond Aircraft enjoys the best safety record in the industry. Diamond and Mooney offer cabin protection superior to all other brands. Diamond is the only manufacturer with a 26G cabin—a level of protection far in excess of FAA requirements. Your Premier sale representative can show you the safety advantages of the models we represent.

Desirability is a final consideration. Owning an airplane is often the fulfillment of a dream. You want to buy an airplane that you
are proud to own. Don't get so caught up in all the numbers that you buy a plane that lacks appeal. Remember, the most expensive airplane is one that sits in the hangar unused. (top)

HOW DO I FINANCE MY PLANE?
Financing is available in terms up to 20-years, or more, for new airplanes, and at interest rates that are very close to home mortgages. Used aircraft are often limited to shorter terms, but terms of 10- or more years are available. Some buyers who do
not plan to use their airplane for business will often use home equity loans in order to get tax advantages.

Your Premier representative will discuss the process with you and help you find the right financing sources.(top)

WHAT ABOUT TAXES?
Various available tax incentives make purchasing any airplane more “affordable” now than you may think especially if you have a legitimate business use. Many times this means that a brand new airplane is just as “affordable” as a used model. Take the opportunity to discuss your situation with your Premier representative and with an experienced aviation tax professional. We can refer you to an aviation tax specialist if your personal counselors do not have specific knowledge in this area.(top)

WHY BUY AN AIRPLANE FROM PREMIER AIRCRAFT SALES?
Because we wouldn’t sell an airplane we wouldn’t own ourselves, Premier deals only in the finest new and used airplanes. We know that if you let us help you make a good decision now, you will come back to us to buy your next airplane. And if we do not have the right plane for you in our inventory, then we will find it for you. At Premier Aircraft Sales our goal is not to “sell an airplane,” but to help you achieve your goal of aircraft ownership.(top)