Leaseback - worth it?
I had posted this in private flyers, but i think it might be more appropriate to post here.
I'm thinking about buying a plane to build time in after my PPL.
More than likely a PA28 140 or 150 (would love an Archer if I can stretch the funds).
This will be financed, and I would like to put it on leaseback with a local FBO.
I would really appreciate hearing from anyone who has done this, and what their
thoughts are on this approach.
How does leaseback work?
Who pays for what?
What would I get from the FBO for each hour they used it?
How does insurance work?
Thanks for your time reading this, look forward to hearing from you all.