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Buying an aircraft is an important investment and the many aspects of aircraft ownership should be seriously considered before signing on the dotted line. AOPA is committed to making the purchase and ownership of your aircraft as rewarding as possible. This subject report will present those topics that should be considered when purchasing a used aircraft. For example, the pre-purchase inspection is a very important and often over looked precaution when deciding whether to purchase an aircraft. Many aircraft have underlying flaws that would cost thousands of dollars to correct, which are found by doing a pre-purchase inspection. Prospective buyers can ask the current aircraft owner to correct them, or negotiate new price. Another thing to consider is time between overhaul (TBO). For the sake of example, consider you are purchasing a 1977 C-172N for $40,000. The TBO for this aircraft is typically 2000 hours, and costs roughly $20,000; or half the value of the aircraft. If the aircraft you are considering buying has 1800 hours on the engine, you need to expect to spend an additional $20,000 on the aircraft in your first 200 hours of ownership. Knowing this, it would be in your best interest to negotiate a lower price for the aircraft. This subject report will walk you through the process of buying a used aircraft and focus on the important things to consider before you accept the deal. See a detail publication at https://www.aopa.org/go-fly/aircraft-and-ownership/buying-an-aircraft/tips-on-buying-used-aircraft

TIPS ON BUYING USED AIRCRAFT