Jay Honeck wrote:
I'll probably catch some flak for this, but I think if you buy a light
airplane you should be *able* to buy it for cash, and then you should
get a loan because the cost of money is so low right now. If you get
a loan because you *need* it (on anything other than brand new) you're
not going to be able to fly and maintain it.
I agree. If you can't afford to buy it in cash, you're courting trouble
when the inevitable "oh, ****" repair happens.
I disagree. I borrowed because the money was cheap and also because it
is home equity, therefore deductible. I will not be grounded because of
money.
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