Skymaster ownership costs: 2015 edition

[Skymaster337B]

If you need to make "payments" for the airplane then you can't afford it. Sorry to be curt, but it's the truth. An alternative is don't buy the 90K airplane. There are several cheaper ones out there, perhaps older, perhaps with high time engines, but are still airworth. The fixed costs will be the same, such as fuel, hanger, insurance, etc. But the buy-in is cheaper, and you might not feel bad tying-down outside. However, maintenance will always be issue. Just a thought.

[YankeeClipper]

Originally Posted by Skymaster337B

If you need to make "payments" for the airplane then you can't afford it.

Isn't it quite normal to buy a plane through a loan, rather than outright--even if you do happen to have 90k lying around? I would think from a risk and cashflow perspective that 7% financing would often be the more savvy approach. But I digress; is it not quite common to buy through a loan rather than outright?