Buying into my instructur plane?
Hello,
I got my PPL about a month ago, I'm planing on getting all the ratings up to ATP as well as building hours so I could one day make a living as a pilot.
My instructor has a 1956 Cessna 182, old bird, but so far it treated us well.
He is offering 1/3 of the plane for 10k.
Money wise - it looks like a good investment (Roughly 40k for 3 years, instead of 53k renting (400 hours of flight).
He is 78, and has very few students if any, so I should have a lot of time to fly.
What do you think, should I go for it?
Thanks!