How To Buy an Old Private Jet - Citation 501 ISP

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The video is a guide on how to buy an old private jet, specifically the Citation 501 ISP. It covers where to find listings, what to look for during inspections, tips for negotiating and financing, and aims to provide viewers with the knowledge and confidence to make an informed purchase.
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00:00 Introduction
00:16 Citation 501
01:14 Performance
03:04 Should not buy

Опубликовано:

5 июл 2024

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Комментарии : 27

@marlonmunanga523 Год назад

Up to $1.2m, what would you suggest as a better alternative?

@theultimatejetguide Год назад

Marlon, up to $1.2m there are a TON of variables! You could get an old 501ISP with upgraded engines and fuel tanks that could outperform a 1990's CJ, BUT it's a 1980's Jet. It comes down to the 3 main questions: how far are you going, how many people are you taking with you, how big of a cabin do you need? Let's schedule a call to discuss in more detail - www.calendly.com/theultimatejetguide/buy And don't forget to download the Ultimate Jet Guide to help you out too! www.theultimatejetguide.com

@dwighttaylor5107 2 месяца назад

Awesome thanks

@theultimatejetguide 2 месяца назад

Glad it was helpful! Let me know if you have any other questions 941-241-2682

@leonardocanas2416 11 месяцев назад

Very good video about cessna citation 501, realistic and specific in any detail about specs, perfomance etc! Congrats!!

@theultimatejetguide 10 месяцев назад

You win the internet today Leonardo! Many thanks to you for your positive words.

@LMays-cu2hp Год назад

Looking very nice..

@theultimatejetguide Год назад

Thanks - love these old jets. Lots of opportunity with them.

@LMays-cu2hp Год назад

@@theultimatejetguide That is nice. And I am glad you are a great resource for clients who want to get into the Private Corporate Jet Business. I continue to find great resources to understand that side of the Aviation Industry. I come from the Commercial side of the industry. I use to fly on old DC-10s and L1011s.

@theultimatejetguide Год назад

@@LMays-cu2hp oh very cool! Well thanks for checking out my content, hope you subscribed :-)

@lorenjackson8961 8 месяцев назад

Yeah...wait until you have to replace the emergency landing gear extention nitrogen bottle. They're no longer able to be static tested after 24 or 25 years I think. They are like $10,000 dollars each and they are nearly impossible to find.

@theultimatejetguide 8 месяцев назад

I’ve been in that position! Definitely a challenge but we made it out the other side. A $10k item is not unheard of - cost of doing business with a private jet. Buying it is the cheapest part. Expect to pay $250k-$500k a year to operate it

@prattman1072 Год назад

The 500 range is actually around 650 nmi

@theultimatejetguide Год назад

You’re right, the CE500 is a strange bird. So many have been modified and upgraded. Even SN 500-0001 can go further than originally built, as I sold that jet a few years back.

@guillermogarzar9113 Год назад

Hi Tom, Can you tell us who much it cost to Convert a Citation 501 SP into a Citation 501 Eagle II? thanks

@theultimatejetguide Год назад

Hey Guillermo - rn you cannot do the mod anymore since the company that did them isn’t around anymore. However expect an eagle II to cost you around $1m vs a nice 501 costing around $500-$600k

@guillermogarzar9113 Год назад

@@theultimatejetguide thank You!

@jimmywang265 Год назад

What is your suggestion for cargo ? not gonna use it for personally use , it's gonna be converted to cargo , how much this airplane can load a cargo ?

@theultimatejetguide Год назад

Typically Jets are not very good for Cargo. For example, with full fuel, a Citation 501 is limited to about 800+ pounds of payload. If it's about Cargo, I recommend Turbo Props like King Airs

@jimmywang265 Год назад

@@theultimatejetguide Thank you Tom :)

@jimmywang265 Год назад

@@theultimatejetguide so what do you think of embraer erj-145lr as a cargo?

@Landon_Ritchie Год назад

Can you do a 501vs551 comparison?

@theultimatejetguide Год назад

Sure!

@theultimatejetguide Год назад

Anything particular you want to know?

@Landon_Ritchie Год назад

Do you know how many 551’s were built? I haven’t seen many on the market and was curious how much different the 501 is compared to the 551. Just the usual stuff, rwy req, hourly DOC for each, speed comparison?

@Landon_Ritchie Год назад

Also maybe your opinion on the 551 vs the 501 in general