gkainz
Final Approach
Nope, not all the standard drill about broker or no broker, always get a pre-buy inspection, do not use the seller's a&p, contract terms, etc...
I'm looking for comments, stories, suggestions, etc on the financial side of the story.
I really dislike financing things. We paid for a wedding last spring, currently funding most of a freshman college year (which will change somewhat for junior and senior years) and preparing for another first 2 years of college in 5 years. Retirement accounts still have not recovered from the dot bomb stock market gifts. Logic says "keep renting" but airplane lust is looming regularly.
I'm looking for comments, stories, suggestions, etc on the financial side of the story.
- Finance or cash
[*]Typical Downpayment percentage
[*]Typical terms of a/c financing
[*]Does the typical cash buyer really plop down $65-70k cash?
[*]Alternate forms of financing? (home equity, etc) - Buying vs renting
[*]annual hours flown factor
[*]am I fooling myself that I'll fly more hours if I own vs rent? - Sole ownership, Partnership, or Club?
[*]no Bellanca Vikings in clubs here that I've seen
[*]how to chase down a current Viking owner and propose a partnership?
I really dislike financing things. We paid for a wedding last spring, currently funding most of a freshman college year (which will change somewhat for junior and senior years) and preparing for another first 2 years of college in 5 years. Retirement accounts still have not recovered from the dot bomb stock market gifts. Logic says "keep renting" but airplane lust is looming regularly.
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