By Vincent Wigmans
In the realm of private aviation, the allure of owning a sleek, modern jet is undeniable. However, there’s a certain charm and practicality in considering the purchase of an older private jet. While the idea of a brand-new aircraft may be tempting, here are the top 3 reasons why buyers opt for an older model over a brand new private jet:
1. Affordability and Value
One of the most significant advantages of purchasing an older private jet is its affordability compared to new models. While brand-new aircraft come with hefty price tags, older jets can offer excellent value for money. Buyers can often acquire a well-maintained older private jet at a fraction of the cost of a new one, allowing for significant savings without compromising on quality, safety, or performance.
2. Reduced Depreciation
Unlike new aircraft that experience significant depreciation in their initial 5 years, older private jets tend to hold their value better over time. While maintenance costs may increase with age, the depreciation curve flattens out, offering owners greater stability and potential resale value. This reduced depreciation can make owning an older private jet a more financially prudent investment in the long run.
3. Established Track Record
Vintage private jets often come with an established track record of reliability and performance. Many older models have proven their durability and safety over decades of service, earning the trust of pilots and passengers alike. Buyers can benefit from the wealth of data and feedback available on older aircraft, providing assurance of their capabilities and reliability.
While the allure of new private jets is undeniable, there are certainly advantages to own an older model. If you are thinking to buy a private jet and need assistance, please let us know, and we would be happy to assist. You can reach us at sales@faaircraftsales.com.