Have you ever dreamt up traveling privately or are you searching for a courteous and comfy way to travel? If you fall into this class then you could be thinking what I am thinking, purchasing your own private jet.
I am sure you are thinking so too but you can hire a private jet which another alternative? Now that you know the options available to you, selecting the best option between the two is now the most crucial thing on your mind and making the right decision is very cardinal.
Here are a few important factors you need to consider when selecting between the two choices: 1.
Cost - this is perhaps the most important factor to take into consideration when choosing to buy or charter a private jet.
A lot believed that the cost of chartering a private jet is high without considering the huge cost demanded in the purchase of a private jet which range from hundred thousands of dollars to millions of dollars.
If you are considering buying one then I think you need to be sure you will be able to afford the cost and have the funds ready but if the fund is not readily available then your best bet will be chartering which is a lot cheaper.
2.
Utilisation - having considered the cost, usage is another crucial factor that you need to consider in ascertaining if you should buy or charter a private jet.
How frequently do you fly or plan to fly should be top of the usage agenda as you may be able to recover the purchase cost if you plan on using it a lot like more than five flights and you may be able to start saving money immediately.
On the other side, if you do not see yourself taking multiple flights a year, it might be better for you to charter instead.
Buying a jet and rarely using it can be considered an unwise investment and even a waste of your money.
3.
How To - now that you have cleared the cost and usage problems, the additional factor you need to consider is how to fly the jet.
If you do not know how to fly a jet then you are left with two options.
Among your options is employing a private pilot to fly you wherever you need to go.
Secondly, you can take piloting lessons and later become an accredited pilot and fly yourself whenever the need comes up.
Whichever method you choose, you will end up spending money and a fairly considerable sum of money at that.
Combined with the purchase of a jet, this may be more than you can afford.
If that is the case, then i will advise you hire a private jet.
4.
Maintenance & Repairs - this is an all-important factor to consider as safety is highly important when flying in an aircraft.
Constant inspection of the aircraft should be done on a regular basis because should a safety issue come up, that issue needs to be addressed before you can use the aircraft.
Now, having a private jet of your own makes it your responsibility to fix the repairs yourself or pay someone to fix them for you which can be costly.
Once again, that is another reason why you may just want to think about chartering one and since you are not the actual owner of the jet in question, it is not your reasonability to keep it safe and up to code.
When it actually comes down to making a decision, you are advised to keep the above mentioned points in mind, but you are also advised to keep your own personal preferences in mind as well.