Flight Training - May 2020 - 37
CubCrafters Top Cub
MAKE OWNING
AFFORDABLE
Three ways to ease the financial burden
Make a new friend
Unlike cars and houses, airplanes aren't used every day.
That makes them a great shared-ownership resource.
By taking on one or more partners you can split ownership costs without losing any utility. And by creating a
limited liability corporation you don't expose yourself to
any additional risk.
Rent it out
Flight schools are clamoring for more airplanes, and
many schools lease the aircraft on their flight lines.
Letting a flight school use your airplane can significantly
offset costs. The upside is that many agreements result
in virtually no fixed costs for you as the owner, although
you may be on the hook for maintenance expenses. The
downside is that to fly your airplane, you'll have to get
on the schedule-just like everyone else.
Join the club
Flying clubs take the idea of shared ownership and blow
it out to include an entire community. Typically with
anywhere from six to 15 owners per aircraft, a flying
club pools resources from many pilots to make the cost
of ownership minimal. And owners gain a big family of
other pilots to share the experience with. Search for one
near you at aopa.org/flyingclubfinder. -IJT
If you're like most airplane buyers, you will
buy on emotion. Your first ride was in a Piper Warrior
so you must have a
Warrior. You love the
look of a high-wing
Cessna so it has to be a
Piper Tomahawk, use for it most of your training, and pile on the
hours at $40 each.
But if you're like most airplane buyers, none of this will matter
and you will buy on emotion. Your first ride was in a Piper Warrior
so you must have a Warrior. You love the look of a high-wing Cessna
so it has to be a 172. Or fabric covers your aviation dreams, so a Cub
is what it must be. That's OK. You need to enjoy whatever it is you
buy, so simply wanting a particular model is as good a reason as any.
Step 2: FIGURE OUT HOW TO PAY FOR IT
If you can pay cash for an airplane, do it. Financing charges can
quickly eat up any savings you could hope to make by choosing
ownership over renting. For those of us without a cool $50,000 in
the bank to spend on a cherry training airplane, there are options.
Shopping around is the best strategy. Occasionally your personal
bank will offer financing and your existing relationship will lead
to a good rate. There is always an unsecured line of credit, but
often the interest rates on these are quite high. Frequently the best
avenue is reaching out to a company that specializes in aircraft
financing, such as AOPA Aviation Finance. These lenders know
how an aircraft transaction works, and the rates are usually quite
competitive. (See "Resources," p. 39.)
172. Or fabric covers your
aviation dreams, so a Cub
is what it must be.
AOPA.ORG/FT 37
http://www.aopa.org/flyingclubfinder
http://www.AOPA.ORG/FT
Flight Training - May 2020
Table of Contents for the Digital Edition of Flight Training - May 2020
Contents
Flight Training - May 2020 - Intro
Flight Training - May 2020 - Cover1
Flight Training - May 2020 - Cover2
Flight Training - May 2020 - Contents
Flight Training - May 2020 - 2
Flight Training - May 2020 - 3
Flight Training - May 2020 - 4
Flight Training - May 2020 - 5
Flight Training - May 2020 - 6
Flight Training - May 2020 - 7
Flight Training - May 2020 - 8
Flight Training - May 2020 - 9
Flight Training - May 2020 - 10
Flight Training - May 2020 - 11
Flight Training - May 2020 - 12
Flight Training - May 2020 - 13
Flight Training - May 2020 - 14
Flight Training - May 2020 - 15
Flight Training - May 2020 - 16
Flight Training - May 2020 - 17
Flight Training - May 2020 - 18
Flight Training - May 2020 - 19
Flight Training - May 2020 - 20
Flight Training - May 2020 - 21
Flight Training - May 2020 - 22
Flight Training - May 2020 - 23
Flight Training - May 2020 - 24
Flight Training - May 2020 - 25
Flight Training - May 2020 - 26
Flight Training - May 2020 - 27
Flight Training - May 2020 - 28
Flight Training - May 2020 - 29
Flight Training - May 2020 - 30
Flight Training - May 2020 - 31
Flight Training - May 2020 - 32
Flight Training - May 2020 - 33
Flight Training - May 2020 - 34
Flight Training - May 2020 - 35
Flight Training - May 2020 - 36
Flight Training - May 2020 - 37
Flight Training - May 2020 - 38
Flight Training - May 2020 - 39
Flight Training - May 2020 - 40
Flight Training - May 2020 - 41
Flight Training - May 2020 - 42
Flight Training - May 2020 - 43
Flight Training - May 2020 - 44
Flight Training - May 2020 - 45
Flight Training - May 2020 - 46
Flight Training - May 2020 - 47
Flight Training - May 2020 - 48
Flight Training - May 2020 - 49
Flight Training - May 2020 - 50
Flight Training - May 2020 - 51
Flight Training - May 2020 - 52
Flight Training - May 2020 - 53
Flight Training - May 2020 - 54
Flight Training - May 2020 - 55
Flight Training - May 2020 - 56
Flight Training - May 2020 - 57
Flight Training - May 2020 - 58
Flight Training - May 2020 - 59
Flight Training - May 2020 - 60
Flight Training - May 2020 - Cover3
Flight Training - May 2020 - Cover4
https://www.nxtbook.com/nxtbooks/aopa/ft_202406
https://www.nxtbook.com/nxtbooks/aopa/ft_202407
https://www.nxtbook.com/nxtbooks/aopa/ft_202404
https://www.nxtbook.com/nxtbooks/aopa/ft_202403
https://www.nxtbook.com/nxtbooks/aopa/ft_202401
https://www.nxtbook.com/nxtbooks/aopa/ft_202311
https://www.nxtbook.com/nxtbooks/aopa/ft_202309
https://www.nxtbook.com/nxtbooks/aopa/ft_202308
https://www.nxtbook.com/nxtbooks/aopa/ft_202307
https://www.nxtbook.com/nxtbooks/aopa/ft_202306
https://www.nxtbook.com/nxtbooks/aopa/ft_202305
https://www.nxtbook.com/nxtbooks/aopa/ft_202304
https://www.nxtbook.com/nxtbooks/aopa/ft_202303
https://www.nxtbook.com/nxtbooks/aopa/ft_202301
https://www.nxtbook.com/nxtbooks/aopa/ft_202211
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https://www.nxtbook.com/nxtbooks/aopa/ft_201912
https://www.nxtbook.com/nxtbooks/aopa/ft_201911
https://www.nxtbook.com/nxtbooks/aopa/ft_201910
https://www.nxtbook.com/nxtbooks/aopa/ft_201909
https://www.nxtbook.com/nxtbooks/aopa/ft_201908
https://www.nxtbook.com/nxtbooks/aopa/ft_201907
https://www.nxtbook.com/nxtbooks/aopa/ft_201906
https://www.nxtbook.com/nxtbooks/aopa/ft_201905
https://www.nxtbook.com/nxtbooks/aopa/ft_201904
https://www.nxtbook.com/nxtbooks/aopa/ft_201903
https://www.nxtbook.com/nxtbooks/aopa/ft_201902
https://www.nxtbook.com/nxtbooks/aopa/ft_201901
https://www.nxtbook.com/nxtbooks/aopa/ft_201812
https://www.nxtbook.com/nxtbooks/aopa/ft_201811
https://www.nxtbook.com/nxtbooks/aopa/ft_201810
https://www.nxtbook.com/nxtbooks/aopa/ft_201809
https://www.nxtbook.com/nxtbooks/aopa/ft_201808
https://www.nxtbook.com/nxtbooks/aopa/ft_201807
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https://www.nxtbook.com/nxtbooks/aopa/ft_201804
https://www.nxtbook.com/nxtbooks/aopa/ft_201803
https://www.nxtbook.com/nxtbooks/aopa/ft_201802
https://www.nxtbook.com/nxtbooks/aopa/ft_201801
https://www.nxtbook.com/nxtbooks/aopa/ft_201712
https://www.nxtbook.com/nxtbooks/aopa/ft_201711
https://www.nxtbook.com/nxtbooks/aopa/ft_201710
https://www.nxtbook.com/nxtbooks/aopa/ft_201709
https://www.nxtbook.com/nxtbooks/aopa/ft_201708
https://www.nxtbook.com/nxtbooks/aopa/ft_201707
https://www.nxtbook.com/nxtbooks/aopa/ft_201706
https://www.nxtbook.com/nxtbooks/aopa/ft_201705
https://www.nxtbook.com/nxtbooks/aopa/ft_201704
https://www.nxtbook.com/nxtbooks/aopa/ft_201703
https://www.nxtbook.com/nxtbooks/aopa/ft_201702
https://www.nxtbook.com/nxtbooks/aopa/ft_201701
https://www.nxtbook.com/nxtbooks/aopa/ft_201612
https://www.nxtbook.com/nxtbooks/aopa/ft_201611
https://www.nxtbook.com/nxtbooks/aopa/ft_201610
https://www.nxtbook.com/nxtbooks/aopa/ft_201609
https://www.nxtbook.com/nxtbooks/aopa/ft_201608
https://www.nxtbook.com/nxtbooks/aopa/ft_201607
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https://www.nxtbook.com/nxtbooks/aopa/ft_201601
https://www.nxtbook.com/nxtbooks/aopa/ft_201512
https://www.nxtbook.com/nxtbooks/aopa/ft_201511
https://www.nxtbook.com/nxtbooks/aopa/ft_201510
https://www.nxtbook.com/nxtbooks/aopa/ft_201509
https://www.nxtbook.com/nxtbooks/aopa/ft_201508
https://www.nxtbook.com/nxtbooks/aopa/ft_201507
https://www.nxtbook.com/nxtbooks/aopa/ft_201506
https://www.nxtbook.com/nxtbooks/aopa/ft_201505
https://www.nxtbook.com/nxtbooks/aopa/ft_201504
https://www.nxtbook.com/nxtbooks/aopa/ft_201503
https://www.nxtbook.com/nxtbooks/aopa/ft_201502
https://www.nxtbook.com/nxtbooks/aopa/ft_201501
https://www.nxtbook.com/nxtbooks/aopa/ft_201412
https://www.nxtbook.com/nxtbooks/aopa/ft_201411
https://www.nxtbook.com/nxtbooks/aopa/ft_201410
https://www.nxtbook.com/nxtbooks/aopa/ft_201409
https://www.nxtbook.com/nxtbooks/aopa/ft_201408
https://www.nxtbook.com/nxtbooks/aopa/ft_201407
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https://www.nxtbook.com/nxtbooks/aopa/ft_201405
https://www.nxtbook.com/nxtbooks/aopa/ft_201404
https://www.nxtbook.com/nxtbooks/aopa/ft_201403
https://www.nxtbook.com/nxtbooks/aopa/ft_201402
https://www.nxtbook.com/nxtbooks/aopa/ft_201401
https://www.nxtbook.com/nxtbooks/aopa/ft_201312
https://www.nxtbook.com/nxtbooks/aopa/ft_201311
https://www.nxtbook.com/nxtbooks/aopa/ft_201310
https://www.nxtbook.com/nxtbooks/aopa/ft_201309
https://www.nxtbook.com/nxtbooks/aopa/ft_201308
https://www.nxtbook.com/nxtbooks/aopa/ft_201307
https://www.nxtbook.com/nxtbooks/aopa/ft_201306
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https://www.nxtbook.com/nxtbooks/aopa/ft_201301
https://www.nxtbook.com/nxtbooks/aopa/ft_201212
https://www.nxtbook.com/nxtbooks/aopa/ft_201211
https://www.nxtbook.com/nxtbooks/aopa/ft_201210
https://www.nxtbook.com/nxtbooks/aopa/ft_201209
https://www.nxtbook.com/nxtbooks/aopa/ft_201208
https://www.nxtbook.com/nxtbooks/aopa/ft_201207
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https://www.nxtbook.com/nxtbooks/aopa/ft_201201
https://www.nxtbook.com/nxtbooks/aopa/ft_201112
https://www.nxtbook.com/nxtbooks/aopa/ft_201111
https://www.nxtbook.com/nxtbooks/aopa/ft_201110
https://www.nxtbook.com/nxtbooks/aopa/ft_201109
https://www.nxtbook.com/nxtbooks/aopa/ft_201108
https://www.nxtbook.com/nxtbooks/aopa/ft_201107
https://www.nxtbook.com/nxtbooks/aopa/ft_201106
https://www.nxtbook.com/nxtbooks/aopa/ft_201105
https://www.nxtbook.com/nxtbooks/aopa/ft_201104
https://www.nxtbook.com/nxtbooks/aopa/ft_201103
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