Marz7490
Pre-Flight
Need some insight from you guys!
I just finished up my instrument training in June and I was hoping to finish up my commercial by the end of the year or at least early next year. A recent hangup has been deciding between continuing to rent or buy a cheap 152, warrior, or something along those lines. I think I pay a pretty good rate, $110 an hour wet for a Warrior 161 but with 100 hours to go towards SE Commercial it's a pretty decent amount of money still left to spend.
Would I be crazy to consider picking something up for 25-40k, fly for the 100~ hours and just sell the plane next summer? Possibly even leaseback? The way I see it is I'm going to be spending the money regardless but there is a chance of breaking even while building the time I need so why not consider it?
In over my head?
I just finished up my instrument training in June and I was hoping to finish up my commercial by the end of the year or at least early next year. A recent hangup has been deciding between continuing to rent or buy a cheap 152, warrior, or something along those lines. I think I pay a pretty good rate, $110 an hour wet for a Warrior 161 but with 100 hours to go towards SE Commercial it's a pretty decent amount of money still left to spend.
Would I be crazy to consider picking something up for 25-40k, fly for the 100~ hours and just sell the plane next summer? Possibly even leaseback? The way I see it is I'm going to be spending the money regardless but there is a chance of breaking even while building the time I need so why not consider it?
In over my head?