First, remember that buying the airplane is only part of the cost of owning a plane.
There are a few other factors to weigh when you’re narrowing your search terms. A two-seater, many will find, fits the bill for shorter, fun flights or even for the occasional longer voyage. It’s no secret that pilots who have four- or six-seat birds overwhelmingly fly with a bunch of unoccupied seats. I could go even further and say that many pilots would be wise to consider a good used two-seater. You might want a used Cirrus SR22, but if your most common trips are going to be 400-mile jaunts or less, then you’d probably do just as well with a used, lower-cost and lower-upkeep model like an older Mooney M20 that will get you to your 250 nm destination a little later and with less room but for pennies on the dollar. Alternatives.īefore you start looking for a plane, it’s important to be clear about what you’re going to use it for. For those buyers who are willing to be 10 or 15 knots slower, there are excellent alternatives to the Bonanza, and sometimes that might mean an older Bonanza. Mid-’60s Bonanzas cost a lot more than late-’50s models do, and not just because they’re new but also because they’re faster. Sometimes this has to do with speed or utility.
Today, that same cream puff Skylane I later sold for $65,000 would fetch even more.īut in the case of the Skylane or Bonanza, there are alternatives that aren’t as popular or as pricey.
And when a good used Skylane shows up on the market, it doesn’t last for long, and buyers typically get their asking price, or more. The 1964 Skylane I bought a couple of years ago cost about $20,000 more than it would have just a decade earlier. The Cessna 182 Skylane and the Beechcraft Bonanza are two cases in point. It’s about as simple a case of supply and demand as you can get. They’re great planes and, hence, wind up selling for more.
The crowd favorites are that for a reason. The market is changing, fast, but there are still some bargains to be had, though your wallet will need to be a bit fatter than before to make that purchase. The chances are good that a model that is well-loved will live up to its billing and deliver a fantastic flying experience. When they’re looking for a good used plane to buy, many would-be owners gravitate to the best-known models.
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