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ISSUE
170 - May 2011
Over 9,000 Total Ads Listed
1,000+ NEW Ads Per Week
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Before
You Buy A Sport Plane |
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The
new category opens the door for new and old pilots alike.
New pilots can take to the sky as a pilot in fewer hours
and at a lower cost. In fact, when my kids were getting
their drivers licenses, they were required to log 20 hours
behind the wheel of a car, take a written test and a driving
test. That is basically the same requirements for the Sport
Pilot requirements. If you are already a pilot, you can
operate under the sport category as long as the plane meets
the category. You don’t have to give anything up,
except the doctor’s appointment for your medical.
Another nice thing about the sport category is that you
can fly a brand new aircraft that operates at a lower cost
than most of the 30 year old aircraft that are out there
on the flight line. Who doesn’t like flying a new
aircraft! |
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Is
it a real aircraft? The first assumption was the sport
category was nothing more than ultra lights. That’s
the furthest from the truth. Sure there may be a few converted
ultra lights, but the majority of the sport industry aircraft
are brand new aircraft that provide quality and performance
at a very attractive price.
Additionally, whatever any one tries to tell you, Cessna
selling the Sky Catcher has given the sport category creditability.
Not that the other models were not “real” to begin
with, but Cessna gave the market a reality boost. |
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Which
one do I buy? There are a lot of different opinions about
buying a sport plane. Before you buy do the research. It
might not seem like it, but buying a sport plane is different
than buying a Cessna, Beech or Piper. The big names have
an established history and track record. It doesn’t
matter how many times the manufacturer has been sold or went
bankrupt, it still has market recognition. The sport plane
industry has not gotten to that same level yet, except for
Cessna or maybe the new Cirrus LSA. Most manufacturers are
over seas and most importers are passionate about their product.
But “passion” does not guarantee support for
the plane. Do the research, ask questions and read reviews.
The extra due diligence will save you money and maybe your
life.
Shop around on Barnstormers.com for what’s available.
It doesn’t matter which brand of sport plane you
are considering buying, if you follow a few basic guidelines
you can enjoy the plane for many years.
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There
are hundreds of models available so the final decision
will come down to your personal preferences based on looks,
comfort, flying and cost. Remember a few basic things,
don’t buy the first one you see and don’t buy
without flying. It also important to not assume cheaper
is the better deal. Makes sure you compare an “apples’ to
apples” aircraft. Most sport planes are costing anywhere
from $75,000 to $125,000. At those prices a few thousand
dollars will not make a big difference in your monthly
payment or you’re loss of interest income if you
pay cash. Low sales prices might indicate a small market
share and lack of factory support. That is definitely not
what you want.
Basic questions before buying a Sport Plane
1. Is there a strong dealer and service center network. One
thing you would hate to do is to spend your hard earned money
for a plane that becomes an orphan on the flight line.
2. Will your local mechanic and flight instructor be able to
train you and maintain the aircraft? Sure, it may be the cheapest
plane to buy, but if you can’t get the parts or the maintenance
is too difficult, it doesn’t matter how much money you
saved.
3. Can you buy insurance? Most sport plans are insurable by
at least one or two different insurance underwriters. But,
if the plane is new in the country without parts support or
training, you might not get insurance. If it is an amphibian
or float plane, get your quote first, IF you can even get coverage.
Insurance is not required in all the states, so it is not always
an issue, but if you have to borrow money, you’ll need
insurance.
4. Are there more than two aircraft flying? Don’t rely
just on the factory demo planes. Look for a company that has
a number of planes in the flying public’s hands.
5. Check the accident records at the FAA. If the prototypes
and demo panes have all been damaged, maybe there is something
wrong with the design.
6. Talk to owners if possible. The best way to find out about
a plane is from and owner. You want real world advice.
7. And last, FLY THE PLANE! Make sure you fit and it feels
right. It always amazes me how many people buy a plane and
do not make the test flights. They do not all fly the same,
even if they are the same model. Each aircraft has its own
little quirks and as a buyer you need to know that. |
By Contributing Editor Scott "Sky" Smith.
Sky Smith Insurance Agency.
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