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Old February 17th, 2007, 15:00   #11
Minnesota_Flyer
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Location: the Twin Cities of Minneapolis and St. Paul
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Default Re: Buying a plane vs renting from FBO? Worth it?

Quote:
Originally Posted by jrh View Post
Take this advice from a guy who dropped about $36k into all his training, zero time to MEI. I rented the entire time and have no regrets. The FBOs and flight schools I went to assumed all the risk. All I had to do was show up and fly. It was nice.
It is all about how you feel about the risk. I many (most?) cases, you probably can come out ahead on by owning your training aircraft. But I'm not willing to take the risk of being the 1 in 10, 100, whatever that gets hit with a $8k+ annual (or the $20k AD) the first year. I'm happy to let the FBO take that risk. Your risk tolerance may be different, but at least make sure you're eyes are wide open going in.
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