A Guide To Buying and Financing A Light Aircraft

This blog has been produced in association with EFT Finance. EFT Finance is a trusted approved introducer partner to Arkle Finance and specialist in all forms of aviation finance including light aircraft.


The prospect of buying a light aircraft can be very exciting, especially if it’s your first one. But before you get swept away with the idea of taking to the skies in a plane or helicopter of your very own, there are several issues to consider.

What kind of aircraft is right for you?

You probably already know what kind of aircraft you want, but have you considered whether a new or a used aircraft would be the better choice for you? It’s natural to think that a used plane will be cheaper, but the warranty on a new plane will give you peace of mind and make it easier for you to calculate your costs for the first few years of ownership.

Where can you turn to carry out research?

Owner groups are a great source of information, and you can join one of these before buying to find out all the inside information about maintenance, pricing, and what to expect from the particular model you are interested in.

What is your budget?

It’s important to be realistic about what you can and can’t afford, so set yourself a budget and don’t be tempted to stray from it. While shopping around you are bound to see planes you like that are out of your budget, but stand firm and don’t let your spending begin to snowball.

How much will the aircraft really cost?

When considering finance, there’s not just the purchase of the plane to consider. Don’t forget to factor in the cost of fuel,  landing fees, hangar rental, insurance, maintenance, etc. 

Do you know the plane’s history?

Once you’ve found a plane you like, make sure you know what you’re signing up for. You’ll need to know it’s service history and if it has been accident damaged. Maintenance records are complex to the non-initiated,  so ask around and find a mechanic who can run through the service history with you.

Do you want to share ownership of the aircraft?

You’re probably not going to use your plane every day, so have you considered halving the cost by sharing ownership with someone else? You can find out more about group ownership of an aircraft through the Civil Aviation Authority (CAA). Make sure you meet up with the co-owner(s) many times as their agenda may be different to yours.

Aircraft ownership can be an expensive venture, but you can subsidise the cost by renting it out or co-owning the aircraft. Weigh up your options carefully.

As long as you can afford it and have accounted for all expenses, your new aircraft is sure to bring you years of enjoyment. At Arkle, we finance a range of aircraft including microlights, helicopters, gliders, aeroplanes, airships, and hot air balloons. For more information, contact us online or call us on 01933 304791.

A Guide To Buying and Financing A Light Aircraft

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