Not so! Many aircraft owners are earning moderate incomes. How do they do it? Mostly through proper planning and a thorough education prior to making their purchase. You can learn about many aspects of purchasing an airplane at

www.airplanenoise.com

a website that's nothing more than a compilation of helpful resources for those who want to learn!

2. You must fly at least 50 hours a year before an aircraft purchase is justifiable.

Well, it really depends on what you're using as a reference. If you're trying to beat cost of renting. . . find another way. If you have some business use, rental use or a need to access an airplane on demand your own aircraft is certainly justifiable. Read more at http://www.aopa.org/members/files opics/business_overview.html

3. If my business use is not majority of my flying, I can't depreciate my airplane.

Wrong once again! Using Sutherland Lumber case as precedent, you may be able to depreciate majority of value of your aircraft with as little as 27% business. Using Aviation Tax Specialists is critical when planning tax strategies for ownership of your aircraft. You can learn more at http://www.advocatetax.com

4. It's cheaper to own an older aircraft than a brand new one.

Probably not! With today's tax incentives, better interest rates for new airplanes and controlled maintenance costs that a warranty provides, in most cases a brand new aircraft is less expensive. Additionally, your flying comfort level with dependable instruments and equipment of a new airplane will confirm your decision to buy new.

5. Aircraft Salespeople are all "slime."

My favorite! Sometimes reputation of a few can tarnish an entire industry! Not to worry. . . There are some great salespeople out there who have your interest as their main objective. For 10 tips to choosing a super salesperson, visit http://www.airplanenoise.com op_ten.htm

6. I found a "cream puff" with a low-time engine!