How to Buy a BRAND NEW Airplane (feat. Textron Aviation) 

I believe he has several videos on the topic including “10 planes under $40 a day” or something like that

If average income means $50k a year then I'd have to think that there is no shot in hell of making that math work unless you do something drastic like a 6 person partnership. I've already come to accept that for those of us making under $150,000 that buying something a little older and slowly retrofitting with better avionics is our path

@@smartfreak7105 average income for airplane owners, not average income for the general population.

1985 called.................Come see me.

182 new is $515k so get 5 to invest could swing it problem is managing that many people is difficult. If you could find something older has an overhauled engine for under 300k that would be lot easier to manage for 2 person partnership.

So true

General Aviation kind of feels like Harvey Davidson bikes. Overpriced with out of date tech in the shape of a 50+ year old design. I think Cessna’s are wonderful, but dang, $380,000 for a tiny plane with a useful load of +/- 450 pounds?? No wonder aviation is one of the few industries that you’ll find +45 year old equipment/vehicles still being used. I sure do wish that $40,000,000,000 we gave to Ukraine without my consent would have instead been given to local flight schools and even flying clubs. Lord knows it’ll be more useful to us than giving it to 2017’s voted most corrupt European country.

Look at Diamond Aircraft. They took a Mercedes base Diesel engine, modified it for aviation and put it on a very efficient airplane. AFAIK, the DA-40 is slightly more expensive than the C-182 but will probably go slightly faster and burn only about 4 gallons of Jet A1 or Diesel per hour. Yeah, I also keep making fun of that late 1930s design they still put on airplanes... (Cessna TTX might have been a cool plane, but for some reason nobody seemed to want it.)

Next time you are near a civil air patrol aircraft that has a glass cockpit… ask them to show you what all is in it…. All the tech and radios in that old airplane could buy another airplane…. And that’s just the 172/82’s…. Full glass cockpits with all the bells and whistles and radios were a 4 person crew can all be talking on a different freq at the same time, plus the ELT tracking stuff. Most missions they need that 4 person crew or it turns into task and information overload very fast.

@Mark Berman - Well, At Oshkosh, so probably at Sun-&-Fun, they have Info Boards, and I believe they list Prices, there. However, Someone said $515,000 for a New C-182, in the Comments. Add 10% to 20% for whatever might be Optional, if desired, would be a start. If 10% or 20% down payment is required, financial terms, should not be too hard to figure, for 5, 10, or 15 Year Notes. However, there are Also Insurance Requirements, because it's Financed, as well as variables to that, due to the buyers various experience levels, too. Then, the Annual Inspection, and other fixed costs, like Hangars or Tie Downs, and such. Finally, come the Consumables (Fuel, Oil, Cleaners), in Operating Costs, and a decision if you are going to budget in "Reserves" for Engine Overhaul, Avionics Service, and Paint Care? So, yes, the "Spreadsheet" can get rather large, in the number of considerations, or a larger "What If" Buffer in $ should be allowed, for surprises! Like, if you budget $100 Per Hour, but, get surprised to discover it actually costs you $200 per hour, it's worse than planning for a running cost of $300 per hour, and realizing just a cost of $200 per Hour, 1 year in!

It would be nice, if Cessna themselves had 3-4 Examples, in a fairly simple spreadsheet, for each aircraft the offer! (Or Actually, Textron, since they own more than Just Cessna Brands!) However, there are probably differences in Hangar, Fuel, and Insurance Costs, sufficient, to make such "Examples" just a "Ballpark Reference!"

Thanks for the suggestion. Maybe we can do that one day

It's called economy of scale. They were selling cessnas like hot cakes in the seventies, now much less so. It's a vicious cycle: the less units they sell, the more the price, the less units they sell...

@@lstt89 Don't forget lawsuits. Lawsuits from the families of people that had more money than sense, got themselves into a situation they couldn't get out of and killed themselves.

@@realulli Why is it when something is going terribly wrong, lawyers are ALWAYS partially to blame. When I was young we couldn’t skate in front of businesses not because of trespassing or anything else, but because the owners were afraid of lawsuits 🤦🏽‍♂️

the reason: rich people with too much money....😀

It's because they have to pay for R&D for all the new fantastic improvements and models that they've introduced since the 60s (kidding)

Yeah, the 'NEW' AF1 livery was scratched. :(

agree! lots of important details to real world missing. Maybe there will be a part 2?

Well .9 seconds on Google will tell you than an average aircraft loan is 20 year, maybe less if its an older aircraft. Its almost impossible to make that video. The persons credit, money down and options selected all come into play. A monthly payment can swing wildly between a base 182 at $515k and something loaded that could run up into high 6 or low 7 figure territory.

If you need 30 years to pay this off then way too expensive for you build, or buy a Vans RV 10 it beats the 182 cruse, and climb rates for far less money.

@@Mike-01234 My example was more in reference to long term payments similar to a house compared to shorter term payments like a car.

@@JustJesseOfficial - More closer to the House Payment Term cycle, than a Car Term! Check out buying a $700,00 Electric City Bus, for some "Feel" of one possible situation! Like was said, a 20 Year Note on the Loan, could be Normal, but it also depends, on your ability to drop in substantial Cash, or High Value Equity on a Trade In, as well! And, if you are starting out, in Canadian Dollars, to which you need to add US$ Exchange to, as well! Plus, there may be Limits, as to how small your deposit or down payment can be, meaning how big is the Note Remaining on the Loan you Finance! I would suggest, a Solid Cashflow in excess of $2,000 US$ per month, AFTER all other Financial Commitments are covered, including Kids College if you are covering that, Retirement Investment Cashflows, and usual home and vacation expenses! Unless you enjoy extra Stress! That, is just for the "Buy" part! For the "Use" part, the same $2,000 more, would help!

I second that!

A Cirrus costs a cool $million. You don't need a RU-vid video to show you how.

​@@2Phast4Rocket On the contrary. Even more so. And who said anything about need? I said I'd find it interesting.

Thanks Paul! I'd love to do that and hope to.

@@TravelingStacker I don't think that's what he means. He probably wonders what one does to be able to afford it. Most people are willing to help someone else improve their life. That can be done without telling how much money someone makes

@@semiprofessional8470 exactly! thanks Semi Professional.

Jason - Long ago I god a "Info Package" on the "Mooney 231", and discovered a "Bare Bones Airplane" was just over $100,000; BUT, after selecting the Speeds Brakes, Avionics, Extra Alternator, Nicer Seats, it was double, at $200,000 or so! With base prices of $450,000 for a New Cessna 172, or $515,000 for a base Cessna 182, ones thinking needs to change, from "Could I Buy One?" To "Got that, let's do it!" Meaning, get the Money part figured out, before chasing Airplane Ownership! As to these two prices, you likely can add 20-30% more, as a Starting plan, to buy them! Then budget your use costs, at $2,000+ per month, as well! Enjoy!

I was flying a Rental Cessna 182, Getty fuel one time, and a Shiny new Piper Warrior pulled up to the Pumps! The pilot was One of Ten Owners! That's another route! Form a Collective Ownership Company, each person is an Equal Shareholder, and the Company owns the Plane!

I agree, if you can't afford it don't buy it.

550k for a 182 should have way more than 2 years

$10.05 here in Miami 😭 FJB

@@Mr_Bones. Ah how cute.

Sure thing! Glad you enjoyed!

Clearly you don’t understand the difference between plane models, the g1000 system alone adds $100k and that doesn’t include the synthetic vision, the fuel injected engine, cost to manufacture, cost to get airworthiness, the reliability, ease of operation, you’re not going to find a brand new 4 seat aircraft with this level of high quality avionics and ease of use for any cheaper

Supply and demand

Well have I got great news for you. Seems that if it's really a rip off as you say then you have identified a great business opportunity. You can build your own planes and sell them for much cheaper. You go get on that.

Mmm...120MPH do not equal 120KNOTS!!

It’s actually more like $550K because they have a 2yr+ waitlist for the 172 and you’d be getting that pricing

Thanks so much! Glad you enjoy the channel!

Yeah.... I will fly away in my new cessna and start paying when I turns 80 is that an option?🤣🤣

I can think of a few options. Become a CEO, win the lottery, rob a couple banks... :)

That Cessna, with all the bells and whistles, cost approximately three hundred and seventy-five, thousand dollars.

@@antoniobranch yep....which in Minnesota can still buy you a pretty decent house which will appreciate over time.

Hey mate, what would be the best bang for the buck under 60-70k =)

@@goodvibes7234 mid- to late-60s Mooney.

The design is surely 70 years old, but it's hard to argue that the tech is. Granted, they don't develop the avionics systems like the Garmin 1000 or whatever, but it's not like they're totally analog.

$515k plus $1500-3000 a year annual inspection will kill that bug quickly

@@Mike-01234 Yeah, but with MS Flight Simulator there is no annual inspection...look, you make a great point, though. One huge elephant-in-the-room question is, "With Zoom and the internet and Covid-19, how many people really NEED or WOULD USE a new C-182?" ... and secondly, " Why does Cessna seem to market the Skylane for discretionary travel only?"...How many of us have the TIME (not to mention the money) to regularly use a Skylane for hops to the mountains or the beach. Most of us work for a living.

Vans RV-10

Probably closer to 99.5%

Before buying an aircraft, I'd be more concerned with basic spelling if I were you.

@@TravelingStacker My native language is NOT English, but you should take life more seriously than your comment suggests you do. I think you got my point anyway LoL

​@@TravelingStacker Yes, English is not my native language. I speaks Danish: På Dansk er der ingen sjove stavefejl for det er mit modersmål. Så jeg tvivler på at mine engelskkundskaber, eller mangel på samme, ville havde nogen indflydelse på om jeg kunne købe en flyvemaskine. Jeg finder det lidt mærkeligt at nogen kunder skulle være i stand til at flyve en Cessna, hvis de har brug for en sælger for at købe den rette model der passer til deres behov. Er du overbevist om at jeg ikke er vokset op med Engelsk nu? 🤣🤣

I feel like a lot of FAA rules regarding certifying aircraft are holding GA back. Rules that probably made sense 60 years ago but today just don't with advanced modeling and precise manufacturing tolerances.

I picked up a 1999 182S with the boss300 conversion Boy is it fun

Congrats! How many hours do you have on the airframe so far?

@@411sponge72 I sold the airplane in 2018 so I can’t tell you what’s on the airframe now. When I sold it, I believe there were about 1200 hours, maybe a bit more, on the Hobbs meter.