Owning a private jet is the ultimate luxury and convenience, and it is a huge status symbol. It offers the opportunity of discreet travel, exactly where and when you want, pretty much without restriction, without the stress of conventional commercial travel. Gone are the airport queues and delays and precious time is saved.
So, if you have the finances or the resources, how do you go about financing your private jet in the United States ? Let's take a look further. Key questions Financing a private jet requires a significant investment and needs much research and careful consideration. A private jet can cost anything from $2 million to over $100 million.
You should determine what aircraft suits your needs and your budget and why you actually need a private jet. You may want a new Gulfstream straight off the assembly line, or you might be happy with a pre-owned Cessna Citation X. It is a very individual choice.
The key questions you should ask: How many passengers will be traveling? How often do you plan to fly? Where do you plan to fly to? What aircraft features are non-negotiable? If you plan to fly less than 200 hours a year and do not wish to charter your private jet out, it is rarely worth the investment and charter or fractional ownership may be a better option. Buying a pre-owned aircraft is another consideration. Always get advice on the aircraft's value and possible depreciation.
The older the aircraft, the harder it will be to get finance. What is your budget and how.