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Should I Purchase an Aircraft for My Flight Training?

Adam answers in September's edition. 
Aerial photography of Kevin Kealy's Seneca II near Santiago Peak and Santa Ana. Kevin is the 2916 Silent Auction winner. Chino Airport (CNO) Chino, CA USA

Question: I am 58 and am a student pilot. I have set as my goals to get my PPL, then my Instrument rating, followed by my MEL. I live in Southwest Florida and my mission is to fly around the Bahamas, but also do a lot of cross country flying. I have a son in Colorado. My thought process is that when the time comes to do my multi engine training I would purchase my own plane to be trained in. I am looking for something like a 1979 Piper Seneca II. Would that be something I should consider?

Answer: I definitely think it’s a good idea to purchase an aircraft for doing your flight training – leverage the “4 Cs”. Consistency, Comfort, Control and most importantly Cost are all big advantages.

  1. Consistency – It’s a lot easier when you are flying the same plane and not having to learn subtle nuances of one avionics setup versus another
  2. Comfort – When it’s your plane you have comfort by making it the way you want and knowing it’s clean, safe and organized the way you want it.
  3. Control – One of the challenges in flight training can be aircraft availability and scheduling. If it’s your own plane the only issue you need to coordinate is when it’s in for maintenance.
  4. Cost – This is one of the most obvious, but flight schools make money by “grossing up” the rental cost of plane (as well as flight instructor). By using your own aircraft, your hourly usage rate should be much less.

Please feel free to reach out to my team directly at 800.627.5263 so we can help you further.

Have questions for Adam? He is happy to answer them. Submit your questions here. Great rates. Great terms. Helpful and responsive reps. Three good reasons to turn to AOPA Aviation Finance when you are buying an airplane. If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (75263) or click here to request a quote.

Adam Meredith

Adam Meredith

President of AOPA Aviation Finance Company
Adam Meredith, President of AOPA Aviation Finance Company, is an aircraft finance professional with more than 15 years lending, small business management and customer service experience. Adam is a commercial pilot with multi-engine and instrument ratings.

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