Originally Posted by
Catorce14
Thanks for the feedback. Truthfully, and I may be dreaming here, I want to buy the plane and spend ~500K per year on keeping and maintaining it. For me, it will be a tax benefit.
Probably chartering or fractional makes more sense, but I can't stomach renting something. I also want to go when I want to go, and to wherever. I will admit it is a bit of a fantasy but that is the mandate of this mission.
As to resale, isn't a 1.x million GIII or 2.x million GIV almost fully depreciated at this point?
Also, I know exactly the square root of jack shyte when it comes to plane maintenance, so my sales / management guy will steer the inspection to make sure I am getting something good.
Having operated a GIII and a G-450, I can tell you that $500K per year will not come close to covering your annual expenses, even at only 100 hours per year. Especially in Europe.