Hi Peter! Welcome to the club!!!!

I met a young man who paid only $6000 cash for his Tomahawk, in non-running condition. He was able to get it airworthy again for only a few dollars, and a whole lotta elbow grease. Now he and his wife fly it often (I met them on a long cross country). He took a risk, but he said he sorta knew what was wrong with it and had a detailed plan. My guess, most of the time, that type of deal doesn't pay off.

I like Graeme's experience with a short, 6-month loan that he paid off rapidly.

The thing about boats and planes and such. They can sink you. I'd say, if you're set on getting a loan for a plane, make sure it's good plane that fits your mission. Inspect it, fly it, think it over. Do not let enthusiasm make you fall in love with the wrong plane. Make sure it fits your mission.

Of course, my uncle Verne would advise to save the purchase price first. That way, when you own your plane, it's truly yours. Also, if you can afford to save up for one, you can also afford to give it the care it needs, which can be shockingly expensive.

Go for your dream! Do it! Be smart about it, though. Have a plan.

Good luck on your plane search. I bought mine in 2014 after a long search for just the right one, which turned OK, in the end, although I compromised a bit.

Geoff

Last edited by Vortac180; 12/14/19 05:07 AM.
Geoff

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N10473, the canary
Huh I don't know