Cessna 150

[longrass]

2 questions....

1) If I can drop cash for an aircraft, would I be better off financing it for the tax benefits?

2) Has anyone got maintenance estimates or calculations for O-200 Cessna 150?

Thank you gentleman!

[VH-XXX]

Not much point financing it unless it's going online.

[longrass]

Why do you say that?

[VH-XXX]

Well how else are you going to get tax benefits by financing an aircraft for private use?

[bentleg]

Why do you say that?

To answer it another way. You can only claim deductions if the aircraft is producing income, and to do that it has to be online, or you run a commercial operation with an AOC. Private flying (only) doesn't qualify for deductions IMHO - but talk to an accountant if you want real advice.

[Triple Captain]

Dear me.

Why do people not understand, there is no 'benefit' in paying interest to the bank!

Owning an aircraft, you will have more then enough expense 'deductions'.

It must be time for Today Tonight to report again the savings that can be made on buying 'black and gold' brand tinned food.

[longrass]

You have obviously no business knowledge do you? Goes to show why your still working for someone at age 40

[Curare]

This is going to be good

[VH-XXX]

[tail wheel]

Longrass:

Your statement:

If I can drop cash for an aircraft, would I be better off financing it for the tax benefits?

Makes very little sense to anyone. Some of the responses did make sense and hardly justified your:

You have obviously no business knowledge do you? Goes to show why your still working for someone at age 40

It may surprise you the depth of serious aviation business experience that exists on this forum!