Welcome to this week’s episode of Clearance to Fly. Today, we’re doing something a little different. I want to give you a firsthand look at the aircraft purchasing and financing process through the eyes of a recent buyer. As a pilot who’s spent considerable time in both the cockpit and the world of aircraft sales, I’ve seen this process from multiple angles. But there’s nothing quite like hearing it straight from someone who’s just gone through it.This episode is sponsored by Muncie Aviation. whether you are looking to buy your first, or fifth aircraft, Muncie Aviation is there to guide you through the process and find an aircraft that fits your mission.
I recently had the chance to chat with Michael Trost from Muncie Aviation about his experience buying a beautiful Cessna 182B seen in the above image. Michael wasn’t actively shopping for an aircraft, but sometimes opportunity knocks when you least expect it. As he put it, “The deal was simply too good to pass up—an opportunity I couldn’t ignore.”
Now, you might be wondering why Michael chose this particular aircraft. The Cessna 182B is a classic, known for its reliability and versatility. Michael says “I’ll be using it for pleasure and business, as well as to significantly cut down travel time when visiting my parents in South Carolina,” he shared.
One interesting aspect of Michael’s purchase was his decision to finance rather than pay cash. This is a common dilemma for many buyers, and Michael’s reasoning might resonate with some of you. “I preferred to keep cash on hand,” he explained. “Knowing I could sell the aircraft later and either break even or turn a profit made financing the smarter, more flexible choice.”
This brings us to an important point: financing an aircraft purchase isn’t just about not having the full amount in cash. It’s a strategic decision that can offer flexibility and potentially better returns on your investment. Of course, this depends on your individual financial situation and goals.
When it comes to financing, Michael chose to work with FLYING Finance. He mentioned, “I’ve known the team since their acquisition and have had a strong relationship with Keller. He guided me through the process of purchasing my first aircraft and made the entire experience smooth and stress-free.” At FLYING Finance, this is what we are about. We make the process fast, simple, and provide terms that beat our competitors.
Now, I know what some of you might be thinking: “Sounds too good to be true. What’s the catch?” Well, I asked Michael about any surprises during the process, good or bad. His response? “No surprises for me. Since I work in aircraft sales, I was familiar with how the process works. It was interesting to be in my customers’ shoes for the first time!”
Of course, not everyone has the insider knowledge that Michael does. That’s why it’s crucial to work with experienced professionals when you’re buying an aircraft. They can guide you through the process, help you avoid potential pitfalls, and ensure you’re making a sound investment. Consider chatting with the team at Muncie Aviation if you are interested in purchasing. They can help with setting up pre-buys, logbook reviews, and even help negotiate sales prices with sellers.
For those of you considering aircraft financing, Michael’s advice is straightforward: “Definitely work with FLYING Finance. They’re always available to answer questions and make the process straightforward.”
Now, let’s talk about the best part of owning an aircraft. For Michael, it’s all about freedom and sharing the joy of flight. “The freedom to go wherever I want, whenever I want. It truly feels like a time machine,” he said. “But my favorite part is taking people up for their first flight. The smile on their faces is priceless.”
That sentiment right there? That’s what flying is all about. The freedom, the excitement, the ability to share that passion with others – it’s why many of us got into aviation in the first place.
Buying an aircraft is a big decision, and it’s not one to be taken lightly. It requires careful consideration of your needs, your budget, and your long-term plans. But for those who take the plunge, like Michael, the rewards can be immeasurable.
Remember, every aircraft purchase is unique. What worked for Michael might not be the best path for you. That’s why it’s crucial to do your research, ask questions, and work with professionals you trust.
Whether you’re seriously considering buying an aircraft or just daydreaming about it, I hope Michael’s experience has given you some valuable insights. Until next time, keep your eyes on the skies and your dreams in flight.
P.S. Got questions about aircraft financing or the purchasing process? Drop us a line at FLYING Finance. We’re always happy to chat about planes and how to get you into the cockpit of your dreams! 423-402-8982
Keller Laseter, Chief Commercial Officer, FLYING Finance
Bringing over 10 years of aviation experience and multiple years in finance, Keller Laseter combines both of those skills to be FLYING Finance’s CCO. His leading knowledge in all categories and classes of fixed wing aircraft helps guide you through the finance process with ease and will leave you knowing you’re in great hands. Keller holds type ratings in the Beechjet 400A/XP/NXT, Embraer E-175 and has many hours in King Airs, along with other high-performance aircraft. Throughout his career, he’s had the opportunity to enjoy the world of aviation and many different operations. As an ATP, CFI, and CFII, aviation is in his blood.
