[CaliforniaSupreme]

(02-17-2014 10:10 PM)lavidaloca Wrote:  

(02-17-2014 10:04 PM)hun73r Wrote:  

^if that question is for me, I don't want to own any planes. Renting them is much easier and cheaper. And flying biz or first class using points is more my style than worrying about logistics.

Nah, it was directed at CalforniaSupreme because he seems very set on his goal of owning a jet. Generally when I want something I ask myself why I want it to see whether it's rational.

It's just a goal I set, basically I just want a jet. Same reason people buy exotic Italian cars like Ferraris, they're not very practical but they're cool to have.

[Hispanic_Reasoning]

@CASupreme No offense dude but owning a private jet is like owning a few horses; it's just a big giant hole to spend money on and to show off. you're better off saving your dough and be location independent, and if you join the hundreds of millions of millionaires or the billionaires club, then you can spend money on a private jet.

[cheerfulwish]

Another recommendation for netjets. Be warned, during any busy/holiday time you better make sure you have scheduled way ahead because the planes are packed.

Also all the citations x now have wifi

[Gringuito]

(02-18-2014 11:23 PM)Hispanic_Reasoning Wrote:  

@CASupreme No offense dude but owning a private jet is like owning a few horses; it's just a big giant hole to spend money on and to show off. you're better off saving your dough and be location independent, and if you join the hundreds of millions of millionaires or the billionaires club, then you can spend money on a private jet.

Owning a jet isn't very useful to show off. It's really useful when you need to fly to smaller airports that aren't serviced by commercial carriers. It should be viewed as a tool, nothing more. It's not like a yacht which to me is more to show off. It get's you from point A to B faster than any other mode of transport. You have to balance the cost of ownership versus lost opportunity costs for not being where you need to be.

The kinds of girls that would be impressed by you owning a jet aren't very interesting anyway. For me game beats owning a jet. Being a pilot of a small plane is better in my mind. The OP should really look into taking flight lessons. Girls love it when you take them up for a flight. You're in complete control of the situation and their life is in your hands.

[Gringuito]

(02-19-2014 04:59 PM)cheerfulwish Wrote:  

Another recommendation for netjets. Be warned, during any busy/holiday time you better make sure you have scheduled way ahead because the planes are packed.

Also all the citations x now have wifi

That's one of the reasons I don't like NetJets. You get most of the costs of ownership (up front buy in, monthly maintenance, overnight fees) but you get the bad aspects of chartering (availability, lack of control).

You can add WiFi to most jets for about $125k and $900 a month.

[hun73r]

Quote:

Owning a jet isn't very useful to show off. It's really useful when you need to fly to smaller airports that aren't serviced by commercial carriers. It should be viewed as a tool, nothing more. It's not like a yacht which to me is more to show off. It get's you from point A to B faster than any other mode of transport. You have to balance the cost of ownership versus lost opportunity costs for not being where you need to be.

The kinds of girls that would be impressed by you owning a jet aren't very interesting anyway. For me game beats owning a jet. Being a pilot of a small plane is better in my mind. The OP should really look into taking flight lessons. Girls love it when you take them up for a flight. You're in complete control of the situation and their life is in your hands.

Jets (and even regular 4 seater Cessnas that YOU fly) are WAY more expensive to rent unless you are going to a small airport that isn't served by a major airline. Also, hard to fuck a girl while flying a plane.

2nd point is also key. For a while I was acquiring a bunch of stuff I thought was important and then realized the kinds of girls that those things impressed weren't the kinds of girls I wanted to be around. Taking flying lessons is cheap (about $5k and 60 or so flight hours should get you your license). You technically need 40 but when I was a flight instructor I can tell you that no one is proficient enough for a FAA exam at 40 hours.

Anyway, a lot of good points by other posters on this thread. OP may want to save yourself a lot of trouble and money and cut to why you really want a jet. You mentioned other guys wanting ferraris. I had a friend that had a ferrari and he said he drove it twice a month, once around the block when it was back from the shop and the second time was to drive back to the shop. Planes are even more like that. If you want to burn money, impress bitches and get laid, a boat may be a better option.

[artur jedi]

A step down from a jet, but still decent range (up to 500 miles) for fraction of the cost.
http://www.fivezeromike.com/blog/2014/2/...-questions

[hun73r]

^ The Piper Cherokee is a decent training airplane. All aspects of them are cheap (maint, buying, parts), they're also reliable and everything happens in them slow which is good for new pilots.

If anyone is interested in getting their license, I would recommend getting their IFR cert as quickly as possible after getting their Private. A VFR pilot flying into IFR conditions is the number 1 cause of pilot accidents. It's what killed JFK Jr. (and thousands of other pilots).

This discussion, is now pretty far off "buying a jet".

[Gringuito]

Quote:

A step down from a jet, but still decent range (up to 500 miles) for fraction of the cost.

You don't want to be flying too long in a small single. Being in a small seat for 4 hours without a bathroom isn't fun.

(02-21-2014 08:46 AM)hun73r Wrote:  

^ The Piper Cherokee is a decent training airplane. All aspects of them are cheap (maint, buying, parts), they're also reliable and everything happens in them slow which is good for new pilots.

I agree with everything you said but the Cessna 172 FTW!

(02-21-2014 08:46 AM)hun73r Wrote:  

If anyone is interested in getting their license, I would recommend getting their IFR cert as quickly as possible after getting their Private. A VFR pilot flying into IFR conditions is the number 1 cause of pilot accidents. It's what killed JFK Jr. (and thousands of other pilots).

And it's not that many more hours or very difficult to learn. Also, if you have a little more money installing a Garmin in the cockpit really helps. I have the Garmin 696 and it's almost like having modern avionics.

(02-21-2014 08:46 AM)hun73r Wrote:  

This discussion, is now pretty far off "buying a jet".

Maybe we should start a small-plane thread. I have a foot in both worlds but I think this conversation is more interesting and more applicable to other forum members that may want to become a pilot. It's a great hobby.

[hun73r]

Quote:

I agree with everything you said but the Cessna 172 FTW!

I don't really have a preference between them. I went to a few flight schools so I flew both Cessnas and Pipers. They're both safe and easy to fly trainers. Cessnas have better visibility but the way the the low-wing Pipers turn feels more like a serious plane to me. Just a preference, they both get the job done.

Agreed about a new thread, was going to add that maybe we should start a new one about flying. Don't want to hijack this one any further. There is at least one other thread out there now about licenses and costs.

[rimjobs4life]

(02-12-2014 01:46 AM)CaliforniaSupreme Wrote:  

Thinking about the future:
How high of a yearly income would you say is enough to afford a private jet? A used business jet with accommodations for around 6 people. Think Learjet or similar, only other requirement is that it has winglets- don't ask lol. Would it be possible/sane with a $300k USD yearly income?

Thank you!

I think I've found something in your price range

[Sourcecode]

Everybody's gotta have a dream

[Juicy]

If it flys, floats or fucks you lease it. Dont ever buy.

[Tresdus]

(02-18-2014 11:23 PM)Hispanic_Reasoning Wrote:  

@CASupreme No offense dude but owning a private jet is like owning a few horses; it's just a big giant hole to spend money on and to show off. you're better off saving your dough and be location independent, and if you join the hundreds of millions of millionaires or the billionaires club, then you can spend money on a private jet.

I'm on the same page with OP. It's funny how people make fun of people that don't share the exact same set of goals or principales.

I want to start collecting cars once I made a decent amount of money. Not to show off, not because it's cool, but because I enjoy it. I'll also buy my own private heli eventually (starting at 20k$) and do the heli license.

[hun73r]

Quote:

I'll also buy my own private heli eventually (starting at 20k$) and do the heli license.

Which heli costs 20K? I think even the Robinson R22s are $200k.I don't have that license, but by guess is just the license part is going to cost $20k

[DVY]

@CAsupreme- El mech is just telling you to slow your roll. Considering you haven't even made serious money, this discussion is basically mental masturbation.

@Gringuito- Thanks for taking the time to share. Can you break-down some of the costs. You mentioned 600k-1.2M, but how about other costs. How much does a typical flight cost for say 500 miles. Operator Base (Hangar) fees? Pilot salaries? Gas? Maintenance?

I heard a windshield replacement for a Gulfstream is something like 60k dollars.

At what income, for a businessman (not a touring rock-star) would this be a SERIOUS CONSIDERATION?

I am just trying to build a mental picture of how one even navigates a decision like this.

[Tresdus]

(02-22-2014 07:27 PM)hun73r Wrote:  

Quote:

I'll also buy my own private heli eventually (starting at 20k$) and do the heli license.

Which heli costs 20K? I think even the Robinson R22s are $200k.I don't have that license, but by guess is just the license part is going to cost $20k

http://www.aircraft24.de/search/search-h...he+Starten

[peterthephoenix]

Don't know why any of you cats haven't posted this yet: http://www.thebillionaireshop.com/produc...gory/jets/

[Hotwheels]

(02-23-2014 01:12 PM)peterthephoenix Wrote:  

Don't know why any of you cats haven't posted this yet: http://www.thebillionaireshop.com/produc...gory/jets/

Cessna VII for 3.4

Good starter jet?

[CaliforniaSupreme]

(02-22-2014 03:30 AM)rimjobs4life Wrote:  

(02-12-2014 01:46 AM)CaliforniaSupreme Wrote:  

Thinking about the future:
How high of a yearly income would you say is enough to afford a private jet? A used business jet with accommodations for around 6 people. Think Learjet or similar, only other requirement is that it has winglets- don't ask lol. Would it be possible/sane with a $300k USD yearly income?

Thank you!

I think I've found something in your price range

Not funny. Anyone who's not contributing anything useful can leave this thread.

[el mechanico]

CS takes his Jet shopping seriously. Maybe you should explain your plan to get the cash you would need to buy a jet and how you're going to execute it if you don't like the Wright bros pic or whatever.

Remember two wrongs don't make a Wright but two Wrights make an airplane

[el mechanico]

Thanks for the like Cincinnatus but your boys are frauds and they knew it.

http://www.history.com/news/in-connectic...-in-flight

Flight comes from Elmech land

[Gringuito]

(02-22-2014 09:56 PM)DVY Wrote:  

Thanks for taking the time to share. Can you break-down some of the costs. You mentioned 600k-1.2M, but how about other costs. How much does a typical flight cost for say 500 miles. Operator Base (Hangar) fees? Pilot salaries? Gas? Maintenance?

I heard a windshield replacement for a Gulfstream is something like 60k dollars.

At what income, for a businessman (not a touring rock-star) would this be a SERIOUS CONSIDERATION?

I am just trying to build a mental picture of how one even navigates a decision like this.

There are two parts to costs for an aircraft, fixed cost and hourly. The fixed cost is what you pay no matter if you fly or not. This would be hanger (3-6k monthly) based on where your aircraft is based and how large it is. Pilot salaries can be from 80k-120k yearly or higher based on their experience and the type of jet they are flying. Insurance is 20k-30k based on the amount of coverage you want to get. You can also add an avionics parts program if you want. You need to add initial and recurrent type rating for your pilots. These costs really depend on the type of jet and which school like FlightSafety. Maintenance costs are really hard to determine until they happen. It's not crazy for a jet to run into a problem and have a $250-$500k repair bill. The $60k gulfstream windshield I've seen personally.

The hourly/flight costs are fuel (200-300 gallons per hour by $4-$6 per gallon) plus the engine program costs like MSP gold for another $400-$800 per hour. Overnight costs would be to the FBO at the airport but are normally waived if you buy enough fuel. You have to put your pilots up in a hotel and give them a per diem.

I'm sure I missed some expenses but these should get you started. If you run 300 hours with these you get an idea how you can spend $600-$1.2M depending how much you fly your jet and how lucky/unlucky you are with repair bills.

I'm not sure about at what salary it makes sense. More like 9 figure net worth and above.

To the OP, once you have the net worth to own your jet I think you'll find your priorities change enough that owning one will be a different kind of decision.

[Gringuito]

(02-23-2014 03:37 PM)Hotwheels Wrote:  

(02-23-2014 01:12 PM)peterthephoenix Wrote:  

Don't know why any of you cats haven't posted this yet: http://www.thebillionaireshop.com/produc...gory/jets/

Cessna VII for 3.4

Good starter jet?

You normally don't pick a jet on price as much on mission. Does it handle high and hot airports (Denver in the summer). Does it hold enough passengers for your normal trips. Does it have the range you need. Is it easy to maintain and have little scheduled downtime.

[WestCoast]

How the fuck did I miss this thread. You own a fucking Jet?

Can you break down how you think/how you think about scaling businesses/how you think about networking etc etc.

Anything along those lines would be of immense help. IE a "Life advice post" from you?

For christ sakes am i the first person to ask this? We already fucked up by not asking this to hooligan harry IDGAF about how much a jet costs i am no where near that rich (and likely never will be) damn haha.

(note this is the second time i have blatantly asked for a "life advice post" first one was from WEDO and everyone should read that one since he is another underrated gangster on this forum)

I will supplicate and listen (i'm very good at being a fake beta/omega) just lay it out would love to hear it!