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Rent, Buy, or Share . . . The is the question!
I am new to the "fly-for-fun" thing. I have no plans of becoming a commerical or airline pilot (I'm getting ready to retire from the Army and just want to relax). My question is: Buy, rent, or share cost? So far I've been renting. I plan to buy (perhaps tomorrow if I hit the Lotto tonight). Besides being a into flying I like fast cars.
I usually lease cars (24-month terms) so I can get a new car every two years. However, judging by what I have read on this forum, I can gather that it is best to buy an old plane (initial cost effectiveness). So, as I can relate to cars, although I can save by purchasing an old plane, on the long run, would I spend more on maintenance, repairs, parts, etc?
I sorta (at the risk of sounding like a dumba$$ due to my inexperience) compare that with the guy who buys an old MG and spends 6 days under the hood just to be able to take it out for a Sunday drive.
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