PPRuNe Forums - View Single Post - Cessna 150's getting cheaper?
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Old 2nd Mar 2009, 12:29
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dublinpilot
 
Join Date: Feb 2002
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Also, has anybody got any experience of borrowing against an aircraft, where to go and what sort of deals are about?
If you need to borrow to by a 10K aircraft, then don't do it. It will end in tears very quickly. These aircraft are cheap because they are old, and come with very expensive maintenance bills. The purchase price is only a fraction of the running costs. Don't be surprised to get a 10K annual every few years.
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