How to Buy a BRAND NEW Airplane (feat. Textron Aviation)
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- Опубликовано: 27 июн 2022
- Thinking about buying a new Cessna or Beechcraft airplane one day? In this video Derek Moore from Textron Aviation joins us to detail the steps involved with buying your dream plane. Whether you're ready to buy today, or you're planning your bucket list of aviation goals, I hope the info in this video helps you in your aviation journey!
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Would be cool to have a video how a average person with a average income can buy a new one even if that means starting a partnership or club. Would be neat to lay out the math on a new one vs used in those scenarios
I believe he has several videos on the topic including “10 planes under $40 a day” or something like that
If average income means $50k a year then I'd have to think that there is no shot in hell of making that math work unless you do something drastic like a 6 person partnership. I've already come to accept that for those of us making under $150,000 that buying something a little older and slowly retrofitting with better avionics is our path
@@smartfreak7105 average income for airplane owners, not average income for the general population.
1985 called.................Come see me.
182 new is $515k so get 5 to invest could swing it problem is managing that many people is difficult. If you could find something older has an overhauled engine for under 300k that would be lot easier to manage for 2 person partnership.
We need to lay out exactly what it costs to buy a new 182, 206, 208, CJ4 and so on. Seeing the complete and total financial picture helps everyone. It helps in financial planning to one day attain these goals. Many of us have a plan in place to do exactly that. But if everyone has the same knowledge with what exactly it’s going to cost, a actionable financial plan can be put in place to buy a brand new Cessna in the future. Everyone involved in any capacity within aviation understands that buying an airplane is super expensive. Everyone gets that. So let’s just put everything out in the open so we can all see exactly what it’s going to take to accomplish the goal.
@Mark Berman - Well, At Oshkosh, so probably at Sun-&-Fun, they have Info Boards, and I believe they list Prices, there. However, Someone said $515,000 for a New C-182, in the Comments. Add 10% to 20% for whatever might be Optional, if desired, would be a start. If 10% or 20% down payment is required, financial terms, should not be too hard to figure, for 5, 10, or 15 Year Notes.
However, there are Also Insurance Requirements, because it's Financed, as well as variables to that, due to the buyers various experience levels, too. Then, the Annual Inspection, and other fixed costs, like Hangars or Tie Downs, and such.
Finally, come the Consumables (Fuel, Oil, Cleaners), in Operating Costs, and a decision if you are going to budget in "Reserves" for Engine Overhaul, Avionics Service, and Paint Care?
So, yes, the "Spreadsheet" can get rather large, in the number of considerations, or a larger "What If" Buffer in $ should be allowed, for surprises!
Like, if you budget $100 Per Hour, but, get surprised to discover it actually costs you $200 per hour, it's worse than planning for a running cost of $300 per hour, and realizing just a cost of $200 per Hour, 1 year in!
It would be nice, if Cessna themselves had 3-4 Examples, in a fairly simple spreadsheet, for each aircraft the offer! (Or Actually, Textron, since they own more than Just Cessna Brands!)
However, there are probably differences in Hangar, Fuel, and Insurance Costs, sufficient, to make such "Examples" just a "Ballpark Reference!"
Same 50 year old aircraft with a bunch of new LED displays in it for a price of a home. What an inspiring view of what GA has become :)
So true
General Aviation kind of feels like Harvey Davidson bikes. Overpriced with out of date tech in the shape of a 50+ year old design.
I think Cessna’s are wonderful, but dang, $380,000 for a tiny plane with a useful load of +/- 450 pounds??
No wonder aviation is one of the few industries that you’ll find +45 year old equipment/vehicles still being used.
I sure do wish that $40,000,000,000 we gave to Ukraine without my consent would have instead been given to local flight schools and even flying clubs. Lord knows it’ll be more useful to us than giving it to 2017’s voted most corrupt European country.
Look at Diamond Aircraft. They took a Mercedes base Diesel engine, modified it for aviation and put it on a very efficient airplane. AFAIK, the DA-40 is slightly more expensive than the C-182 but will probably go slightly faster and burn only about 4 gallons of Jet A1 or Diesel per hour.
Yeah, I also keep making fun of that late 1930s design they still put on airplanes... (Cessna TTX might have been a cool plane, but for some reason nobody seemed to want it.)
Next time you are near a civil air patrol aircraft that has a glass cockpit… ask them to show you what all is in it…. All the tech and radios in that old airplane could buy another airplane…. And that’s just the 172/82’s…. Full glass cockpits with all the bells and whistles and radios were a 4 person crew can all be talking on a different freq at the same time, plus the ELT tracking stuff. Most missions they need that 4 person crew or it turns into task and information overload very fast.
I had no idea this was the process. What an incredible experience. I'd love to see this all played out from initial contact to end of training with a real customer. Thanks for the great video!
I was considering buying a pre owned 182 after seeing this they kinda sold me on a brand new one! Thank you so much for your video
Awesome video! This isn’t a topic I have seen covered before by aviation RUclipsrs.
Another great video! Low key makes me want to get into Aircraft sales!
The 182, especially the Turbo is just about the best all around aircraft you can have. I had a T182T, 2006 model and sold it to get a 2022 T206H and I picked it up in June this year. I needed the extra useful load. For ease of use and fuel economy and the ergonomics of use, the 182 is very, very adequate in my experience. The delivery process is a once in a lifetime experience that every pilot should strive to take part in sometime in their life.
I picked up a 1999 182S with the boss300 conversion
Boy is it fun
Lapsed pilot and current ATCer i like to watch these videos to make my boat seem super “cheap” to own and use
Would love an update on what an actual delivery day is like at Cessna
Thanks for the suggestion. Maybe we can do that one day
With the price of a brand new skylane exceeding 3/4 of a million dollars, i can see cessna pricing them right out of the market, my all time favorite aircraft, but the price? rediculous at best..
Ive been in sales for 15 years, the “road” to the sales is always the same, whether it happens on air, land or at sea..
Absolutely!
That 182 sure is making its rounds. 🤣Awesome you got your chance too!
Truly interesting interview. I have to say Textron's web of dealers and service bays are everywhere which in itself is very comforting.
Boston, MA area - I promised my youngest son to pay for his pilots license training next summer. When he is done the Cessna turbo Stationair with floats would be the ultimate rig for him. What really impressed me is the low fuel burn rate & 1,441LBS of useful load. Him & his buddies will have a blast running up to the NH & ME lakes & with a commercial license he could even set it up as a tax deductible ferry plane. Beyond the specs visually it is one of the best looking planes ever.
Very informative thanks!
Sure thing! Glad you enjoyed!
I bought a new Cessna T182T in 2006. I bought it for work and flew it to customer sites. the process has changed a bit since 2006, but the overall process was as simple as it was described in this video.
Congrats! How many hours do you have on the airframe so far?
@@411sponge72 I sold the airplane in 2018 so I can’t tell you what’s on the airframe now. When I sold it, I believe there were about 1200 hours, maybe a bit more, on the Hobbs meter.
Something I would like addressed is why a Cessna 172 in 1976 cost about $20,000, but in 2022 a 172 is about $380,000. $20k adjusted for inflation is $100,000, a 5X inflation increase. However from $100k to $380k is a 19X increase in price.
Why does a Cessna now cost 19 times more than it use to in a world of automated and outsourced manufacturing?? 🤔
It's called economy of scale. They were selling cessnas like hot cakes in the seventies, now much less so.
It's a vicious cycle: the less units they sell, the more the price, the less units they sell...
@@lstt89 Don't forget lawsuits. Lawsuits from the families of people that had more money than sense, got themselves into a situation they couldn't get out of and killed themselves.
@@realulli Why is it when something is going terribly wrong, lawyers are ALWAYS partially to blame. When I was young we couldn’t skate in front of businesses not because of trespassing or anything else, but because the owners were afraid of lawsuits 🤦🏽♂️
the reason: rich people with too much money....😀
It's because they have to pay for R&D for all the new fantastic improvements and models that they've introduced since the 60s (kidding)
Their prices are ridiculous. A 172 costs $450,000!!! For a 180HP engine that only averages 120 MPH, rip-off.
Clearly you don’t understand the difference between plane models, the g1000 system alone adds $100k and that doesn’t include the synthetic vision, the fuel injected engine, cost to manufacture, cost to get airworthiness, the reliability, ease of operation, you’re not going to find a brand new 4 seat aircraft with this level of high quality avionics and ease of use for any cheaper
Supply and demand
Well have I got great news for you.
Seems that if it's really a rip off as you say then you have identified a great business opportunity.
You can build your own planes and sell them for much cheaper.
You go get on that.
Mmm...120MPH do not equal 120KNOTS!!
It’s actually more like $550K because they have a 2yr+ waitlist for the 172 and you’d be getting that pricing
Your videos are awesome for sure
Thanks so much! Glad you enjoy the channel!
I LOVE that livery, reminds me of the new AF1 livery, but a lot cooler.
Yeah, the 'NEW' AF1 livery was scratched. :(
The 2022 182T Skylane has me 🤤
The support system sounds great! Training in 2001 was not so easy to find for the system you had in your plane, therefore you had to learn on your own. I am sure there was training but it was not easy to find.
Nice and informative interview
Thank you! Glad you enjoyed!
Very helpful. i'm in the search for my first airplane. If you need warranty service, do you need to bring it back to Witchita for the service? Do you offer any upgrades on your pre-owned aircraft?
This was an interesting interview! I know the guy was a direct manufacturer rep. Wouldn't you probably recommend bringing along a 3rd party surveyor to make sure everything on the plane is 100%?
I feel like this didn't really answer the questions that I would've asked. Personally I wanna be punched in the gut with financial facts about even getting that experience. There should've been a scenario that was actually described with actual pricing as well as who would even qualify to own an airplane from Cessna. You say it's not like buying a car or house, yet the only way it really is different is the manufacturing experience, which in terms of houses, you can actually have. Some car companies also allow for customization of all the features and colors you want so in that sense both are similar. Is buying a plane different? Do you get a 72 month finance like you would with a car, or is it a 30 year mortgage like you would get with a house? How is that different? Aside from that the video was informative about how the company treats the customer during the buyer experience.
agree! lots of important details to real world missing. Maybe there will be a part 2?
Well .9 seconds on Google will tell you than an average aircraft loan is 20 year, maybe less if its an older aircraft. Its almost impossible to make that video. The persons credit, money down and options selected all come into play. A monthly payment can swing wildly between a base 182 at $515k and something loaded that could run up into high 6 or low 7 figure territory.
If you need 30 years to pay this off then way too expensive for you build, or buy a Vans RV 10 it beats the 182 cruse, and climb rates for far less money.
@@Mike-01234 My example was more in reference to long term payments similar to a house compared to shorter term payments like a car.
@@JustJesseOfficial - More closer to the House Payment Term cycle, than a Car Term!
Check out buying a $700,00 Electric City Bus, for some "Feel" of one possible situation!
Like was said, a 20 Year Note on the Loan, could be Normal, but it also depends, on your ability to drop in substantial Cash, or High Value Equity on a Trade In, as well!
And, if you are starting out, in Canadian Dollars, to which you need to add US$ Exchange to, as well!
Plus, there may be Limits, as to how small your deposit or down payment can be, meaning how big is the Note Remaining on the Loan you Finance!
I would suggest, a Solid Cashflow in excess of $2,000 US$ per month, AFTER all other Financial Commitments are covered, including Kids College if you are covering that, Retirement Investment Cashflows, and usual home and vacation expenses! Unless you enjoy extra Stress!
That, is just for the "Buy" part! For the "Use" part, the same $2,000 more, would help!
Love it. Now I just need... money =D
I hope someday I get a 182
This is funny, I went to their website, filled out the forms, and they never called back. I ended up buying a Cirrus since they call back
I'd like to know if Textron Aviation can deliver New under Experimental Category??? Such as a C-182 or C-172
Oh nice!
Great video. I'd love to see the same conversation with other manufacturers like Cirrus and Diamond.
I second that!
A Cirrus costs a cool $million. You don't need a RUclips video to show you how.
@@2Phast4Rocket On the contrary. Even more so. And who said anything about need? I said I'd find it interesting.
Thanks Paul! I'd love to do that and hope to.
So how long did your last C182 airplane buyer have to wait for delivery?
Making Purchasing New Planes Affordable - Ownership Sharing: I have not seen any adequate videos on this. There needs to be more info on how to form partnerships to share ownership. It needs to address the big questions like who pays for wear & tear and unusual wear or damage which might not even be noticed until nobody can figure out who caused it. If Im putting in twice the hours as others and doing soft field landings, I should pay for extra landing gear maintenance and oil changes etc. as we know if it was split three ways is still needlessly expensive.
Then theres the questions of who gets to use the plane and when and who if any, get priority of use, etc., as these areas can generate dissatisfaction as well.
So we need say, and Aviation Lawyer to really give us a breakdown and offer some very durable contract samples that we could take into a partnership where everybody is appropriately responsible and brings equality and satisfaction to the ownership scenarios.
New sub ! Liked 🙏😀😘
What is the delivery lead time (C182T) once the contract has been signed and a deposit has been made?
What are the requirements for buying new costum plane ? Ad 1st time plane buying
Awesome 😎😎😎😎😎😎😎
I just might buy one: An IFR trainer w/full glass panel and just lease it to a flight school. Once it depreciates out I sell it (probably for close to want I paid). Sure I have to re-capture the depreciation when I sell but if timed right, it might work. I've done similar with real estate. If you don't need it to cash flow 100 percent it might work out, Gotta run the numbers though, HUGE pilot shortages coming down the pike, something with a full Garmin glass panel would be the ticket for an up and coming flight school. My only concern is Textron probably figured this out too and could direct lease for less ;-(
Does Textron Aviation Have A Step up Program.If A Customer Buys A G-36 Bonanza And Eventually Wants To Move Up To A G-58 Baron,Will Textron Let You Trade Up?
So did you place an order for a new airplane?
Would have loved him talk about the financing process. What do you need to qualify for financing
Win the Lottery !!!
Interesting....so are you buying that new 182?!
What if you want to buy a new airplane so you can learn on? I am thinking of going down this path. Id rather learn on the plane i buy rather than a completely different airplane.
That's a really really long process considering you've already decided to buy a plane. Presumably you've researched it a lot before deciding??
Can I just ring, ask what's in stock, buy it and get it within a couple of days? Cheers, Michael 🇦🇺
I just bought an new Cessna citation M2
How much do you money do you have to earn annually to buy a new airplane.?
What is cool you get to spec out an aircraft that will be owned by several people for years.
So call
cessna sales, stay away from the big co in texas, and slide a cashiers check across the table at closing.
But where can I buy a commercial airliner or a bigger aircraft that you can transfer a lot of people
So NO price negotiations?
Can’t help but wonder how AvGas prices have affected new airplane sales.
Locally it’s almost $8 a gallon, so figure $80 an hour just for gas.
Glad I sold mine a year ago. My regional airport is a ghost town.
$10.05 here in Miami 😭 FJB
@@Mr_Bones. Ah how cute.
When I was flight instructing, most of our aircraft were leasebacks. I also knew people who had partnerships. Partnerships were like a divorced couple fighting over who got the kids that week. Then there were partners who didn't contribute to the "engine fund" or who left the plane dirty or who scratched, bent something they never mentioned. On the flight instructing side, people bought planes as LLC's to use in flight instruction. The planes got beat to hell and the owners always had last "dibs" on the schedule. If you can't afford to buy a plane and keep yourself as the sole user, don't bother.
I agree, if you can't afford it don't buy it.
What I'm more curious/interested in is how many people / small business owners watching this can really afford to buy a brand new Cessna? And what do you do? That too me is more interesting. Because that is where I would like to be someday.
@@freighter1097 I don't think that's what he means. He probably wonders what one does to be able to afford it. Most people are willing to help someone else improve their life. That can be done without telling how much money someone makes
@@semiprofessional8470 exactly! thanks Semi Professional.
Jason - Long ago I god a "Info Package" on the "Mooney 231", and discovered a "Bare Bones Airplane" was just over $100,000; BUT, after selecting the Speeds Brakes, Avionics, Extra Alternator, Nicer Seats, it was double, at $200,000 or so!
With base prices of $450,000 for a New Cessna 172, or $515,000 for a base Cessna 182, ones thinking needs to change, from "Could I Buy One?" To "Got that, let's do it!" Meaning, get the Money part figured out, before chasing Airplane Ownership!
As to these two prices, you likely can add 20-30% more, as a Starting plan, to buy them! Then budget your use costs, at $2,000+ per month, as well!
Enjoy!
I was flying a Rental Cessna 182, Getty fuel one time, and a Shiny new Piper Warrior pulled up to the Pumps! The pilot was One of Ten Owners!
That's another route! Form a Collective Ownership Company, each person is an Equal Shareholder, and the Company owns the Plane!
You missed a really important question, what is the lead time to receive your new 182 after you order it? Two years?
About a year.
Hmm... a Citation on floats? :D
I'm not rich enough to be imagining going through this process lmao. I'll stick to finding something secondhand some day. Great interview though!
Seems like to me the biggest question most would want to know in consideringa new airplane, The financial aspects of buying a new plane.. what are those options?
Yeah.... I will fly away in my new cessna and start paying when I turns 80 is that an option?🤣🤣
I can think of a few options. Become a CEO, win the lottery, rob a couple banks... :)
Did you forget the bank robbery part?
I would not consider a 2 year warranty “great”.
550k for a 182 should have way more than 2 years
Overpriced and old, why are we stuck back in time in general aviation?
I feel like a lot of FAA rules regarding certifying aircraft are holding GA back. Rules that probably made sense 60 years ago but today just don't with advanced modeling and precise manufacturing tolerances.
Of course they don't cover how long it will take to receive your aircraft.
This video definitely gave me the bug. Thank god I don’t have a license 😁
$515k plus $1500-3000 a year annual inspection will kill that bug quickly
@@Mike-01234 Yeah, but with MS Flight Simulator there is no annual inspection...look, you make a great point, though. One huge elephant-in-the-room question is, "With Zoom and the internet and Covid-19, how many people really NEED or WOULD USE a new C-182?" ... and secondly, " Why does Cessna seem to market the Skylane for discretionary travel only?"...How many of us have the TIME (not to mention the money) to regularly use a Skylane for hops to the mountains or the beach. Most of us work for a living.
Glad you got sponsored, but it’s a SMALL % that can buy this.
Ok, I have the bug, but not the money!
Forgot to put in the point where they qualify you to even seriously talk to you about buying an airplane.
Buying this 80 yr old plane is so uninspiring vs say a DA40, same engine, GPH and goes 25 kts faster.
Vans RV-10
Super easy, go in with a dozen other people and finance it for the rest of your life
Win the lottery...
This is a Textron advertisement.
Please Tell Me you are buying that!
How do you buy a Cessna? Fist, hit the Power Ball jackpot. Second, Take out a loan for the balance.
$375+Thousand dollar Cessna 172. I'll stick with my 52k 1958 Comanche.
A “new” airplane with 90% of it being 70 year old design and technology! All for the price of a very nice new house!
That Cessna, with all the bells and whistles, cost approximately three hundred and seventy-five, thousand dollars.
@@antoniobranch yep....which in Minnesota can still buy you a pretty decent house which will appreciate over time.
Hey mate, what would be the best bang for the buck under 60-70k =)
@@goodvibes7234 mid- to late-60s Mooney.
The design is surely 70 years old, but it's hard to argue that the tech is. Granted, they don't develop the avionics systems like the Garmin 1000 or whatever, but it's not like they're totally analog.
People who can afford to buy a new Cessna don't care how the process works. They have people for that. 🙃
The cost of a new 182 is laughable. The prices of aircraft in general are ridiculous. $700$K PLUS for that Skylane. That aircraft design is decades old and the cost of research and development/ certification were paid for before I was born.
This is an awesome process!Looking into selling both of my kidneys, right lung, and left foot to finance this.
Step one have about 500kin the bank of disposable income.
Average person dont buy aircraft, they invest.
"How to buy a BRAND NEW airplane" - have a lot of money.
Plane looks like something from 1949.
It’s simple. 1 make a lot of money. 2 buy the airplane.
Step 1: How much money do you have to spend.
basic be scruge mc duck and roll up there with your vault of gold that's only way its happing when new airplanes cost ast much as 3 NICE homes
Step one: Rob a bank.
The sad fact is that 99% of people who watch this video will never be able to afford anything like this.
Probably closer to 99.5%
The last thing I need when buying something is a salesperson trying to guide me. If I feeld that a salesperson had given any useful info I wouldn't be ready to buy an airplane. And basically how would a person be able to fly an airplane if he or she don't even know wat type of plane that fits there mission. the premis that the spokes person gives in this video seems odd.
Before buying an aircraft, I'd be more concerned with basic spelling if I were you.
@@freighter1097 My native language is NOT English, but you should take life more seriously than your comment suggests you do. I think you got my point anyway LoL
@@freighter1097 Yes, English is not my native language. I speaks Danish: På Dansk er der ingen sjove stavefejl for det er mit modersmål. Så jeg tvivler på at mine engelskkundskaber, eller mangel på samme, ville havde nogen indflydelse på om jeg kunne købe en flyvemaskine.
Jeg finder det lidt mærkeligt at nogen kunder skulle være i stand til at flyve en Cessna, hvis de har brug for en sælger for at købe den rette model der passer til deres behov. Er du overbevist om at jeg ikke er vokset op med Engelsk nu? 🤣🤣
*ATTENTION:*
*Disregard this video:*
*New Rules before ordering a brand new airplane*
1.) Have lots of money.
2 ) Have even more money.
3) and the most important rule:
See Rule #1 and #2 before you order a brand new airplane. ( ͡❛ ͜ʖ ͡❛)✌
WOW ! Too many people freaking out over the dollar$. Mansions, Ferrari's Porches, Bikini models will all drain your wallet. If you can't cover the admission price how will you survive the operating costs?
if you are a school, or private instructor, please do not buy a new plane
you are pushing the cost onto students and ruining aviation
When I watch a video like this where nothing is said that is not completely complimentary of the product or service, then I know it's complete B. S..
I don’t understand who is buying these ridiculously priced airplanes
Do it the american way - buy things you can't afford. You'll be happy.
Step 1: Be rich.
FIRST thing you need to do is CALL YOUR BANK and get over the fact that you probably cant afford it LOL !! Who the H*** can afford a brand new Cessna?????
Looser-TV
Not picking on you. God bless if you can afford this. Not getting the bug, more like a FLU! As in sick to my stomach! 900k? Single engine? It's a 182! They sold 19, year 19 airplanes in 2022 of model 182T! Look up the sales numbers! All this for 19 people? LOL.
This was a plane you could buy back in the 80's or 90's in very nice condition used 182 for 50-90k, maybe what, 100k on very high end? How is a new one now almost 1 million dollars???? Sorry, but this is pointless. It's a video that would only be relevant to top 1%. How many people even own a house worth 900k? Heck, in NJ 500-700k is a very nice home in a very nice area! Who are these for? Who buys them? Yes, rant. But, I'll tell you. MOre and more people are going to speak out again the ultrarich who keep destroying what once was well within reach to most! Make a plane 150k, you will sell to most anyone who is serious about aviation. Sell a plane for 900k? What, a few handful of clients? Uhg.