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Questions from a Potential Owner



 
 
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Old June 27th 05, 05:51 AM
G. Sylvester
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Default Questions from a Potential Owner

I've kept my eyes out for existing partnerships in a plane that
suits my needs but don't see any in my area (SQL, PAO, SJC, RHV).
So time for me to take the initiative and get on the horse to
start looking for a plane to buy. Most likely it will be myself,
a friend and some one or two else going in together. Finding
the airplane is probably going to be the easy thing...well sort
of. I'm more scared about learning about insurance, financing,
tie downs, registration, as well as a reputable A&P plus the
other million and a half thing. I'm sure it isn't that bad and
the pros sure outweight the negatives.

But, where do I start? Any books, online references?
It's probably a good idea that I get the financing squared
away before I find the plane. Are there any standard
financial instutions that give loans that are familiar
with airplanes? obviously I'm starting from square one but I'm
definitely enthusiastic about this and know it will be work.

If it matters, I haven't decided on a particular plane
but most likely something along the lines of a solid IFR-equipped,
older Arrow, Mooney or 182 with a G430/480/530.

thanks in advance.

Gerald Sylvester



 




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