Quote:
Originally Posted by tonyw  Why would you want to incur debt when you are talking about going into a profession that will pay you $20K a year to start?
Think about the $50K that you will have to finance and then think about how much each month you will be coughing up.
Can you live on the amount that's left over?
Pay as you go.
Besides, what's the rush? Airlines are laying off people so what's the point of rushing? |
I financed and got my private in 2007. I was gonna take out another loan and finish my ratings but decided to put the brakes on that idea. By this time next year my car will paid off, the loan for my PPL will be paid off and two other things I'm paying on will be gone. I'll have almost $800 a month available to me. It made more sense to just wait a year and pay as I go. Sucks cause I'm older than most starting out but it's better than paying "insanity" interest on a loan. I enjoy flying. If I can get paid to do it awesome, if not then I'll just buy my own plane one day
