Thanks for all that. I am now beginning to see the truth in all this and my fears are proving founded!
Anyone want to buy a 22?!
Seriously though, I can see to benefit in owning my own machine to build hours and then sell the thing as soon as I get an instructor rating. That should, assuming no shocking unscheduled, save me a few quid. But I don't think leaseback is for me.
Someone has told me of a deal where a school is willing to pay £75 per hour and all the maintenance and insurance. This sounds a bit too good to be true. Has anyone else ever heard of this?
Secondly, I have toyed with the idea of setting up my own school and bringing in an instructor to train me and then use the machine to earn money at other times. Any thoughts on this and any instructors around that want to come and join me? I have done a fair bit of research and think it might be a goer in the particular area I am looking.
Thanks,