Owning a private jet ceases to be an exclusive option nowadays. It still remains expensive for sure. However, more and more people become interested in private jets for sale year after year. This choice turns out to be very beneficial in many cases. In this article, we will reveal the core reasons behind it and the benefits that are hard to resist for people who appreciate personal comfort above any money.
Why Do People Opt to Buy a Jet Instead of Renting It?
Even if it seems that renting a jet is a better choice, people who do so switch to another option – buying a jet instead. There are many justifiable reasons behind this non-standard solution that actually work better:
Entire freedom. When you have your personal jet, you are free to arrange your schedule as you think this fits you best. This superior option allows rich people to adjust their plans anytime. If you have some urgent tasks to accomplish, you may simply focus on them and arrange a flight to a destination you need swiftly.
Flexibility that creates a difference. People who opt for renting a jet often need to deal with other people who want the reservation for the same jet and at the same time. Sometimes, there may be zero spots left. This situation is especially in place before some holidays or other busy occasions.
If you want to prevent some important plans from being broken, reserve the spot you need in advance. Otherwise, you can miss some important plans or events because of no spots available.
By the way, this may also be the case if you use the services of regular airlines. That is why people who can afford buying a personal jet, do this instead of relying on rental services from outside providers.
Personalization. You are free to arrange the interior of your jet as you like it. You can pick the exact colors and furniture you enjoy most. Aside from that, you can also easily add any appliances you need on board. Sounds good, isn’t it?
No delays anymore. The lack of free spots when renting a jet or the need to delay your flight may result in serious delays in many other personal or business plans. Time is money in the latter case, like nowhere else. So, having your own private jet eases your life a lot and saves many important plans on the agenda.
Financial benefits. There is one surprising benefit of buying a private jet instead of renting it. If you have a company and use it to make this purchase, you can easily deduct the related expenses. Can you imagine supposed tax deductions when acquiring a jet?! These are thousands of dollars.
Another underestimated advantage of possessing a private jet is the option to provide it to other interested people when not occupied. You may easily provide personal jet rental services to other people when you do not use this aircraft on your own.
There is also a long-term value in investing in a personal jet. You can sell it later as well. The single point is to keep the jet in good condition only and ensure its proper maintenance.
New Demand Goes Further
The option of buying a private jet is becoming more and more popular among people who value their comfort and possess enough funds. The boom in popularity of this option is explained by its higher promotion. It was not widely known before, by the way. The stereotype that renting a jet is more effective was predominant for decades. Now, it fails to work.
People who can afford to buy a personal jet opt for this solution for two major reasons. First of all, owning a jet guarantees enough freedom and comfort. There is no need to coordinate your plans with anyone else – intermediaries, airlines, etc.
Another considerable advantage is implied. When you do not delay, you can cope with a larger number of assignments, including business. Aside from that, owning a personal jet is also often considered to be a meaningful sign of status in the business world. In rare cases, it sometimes even serves as an argument in favor of concluding the deals with the exact company or individual.
How Much Does an Average Jet for Sale Costs?
We will review an issue comprehensively, aside from considering its purchase price solely. The latter, by the way, may be around $2-4 million dollars, depending on the model.
Aside from the purchase price you pay when buying a private jet, you have to cover insurance at a minimum. It may range from 1% to 3% of the aircraft’s value annually. The aircraft type and value are the two most important factors that impact the price.
In addition, there are also supplementary annual costs you can’t skip. First of all, a private jet requires proper maintenance. Another considerable expense is parking.
You will also need to have a minimal crew, at least a pilot, unless you can fly on your own. Crew training will be required as well to keep their skills workable. The overall expenses on a private jet may be around $500,000. The exact costs depend on the type of aircraft, of course.
Bottom Line
Renting a private jet may be an easy but less effective option than buying your own aircraft. This is especially the case when we speak about a long-term perspective. Buying a personal jet will automatically allow you to deduct expenses and decrease your tax obligations considerably.
At the same time, you by default start to enjoy maximal flexibility in arranging your schedule and plans as you need. There will be no delays because of no free spots available, like when you use regular airlines or rent jets.
That is why many companies and private individuals across the globe opt to buy a personal jet instead of renting it. The overall flexibility encourages saving the plans that are worth more than the average jet costs. Do your business confidently and enjoy your overall comfort at all times!
