yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Why do billionaires buy used private jets?


less than 1m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

Really super rich, why would you buy a pre-owned aircraft? You could say the same thing about somebody who's not so rich but fairly well-to-do, and they buy a used car. Sometimes you want immediate satisfaction, and if you want immediate satisfaction, you can't buy a new aircraft because it could take one to two and a half years to actually order an airplane and get it manufactured and delivered the way you wanted it custom made.

But the other thing is, like a car, an airplane isn't normally a depreciating asset. Once you buy it and take it off of the showroom floor, if you want to call it that, the price will depreciate. Of course, in the past year because of COVID and because of a lack of supply, prices actually went up instead of going down, which is a real anomaly. In the history of aircraft, that's never happened, which is about 60 years. But this is the first time it did.

Now the market is leveling off. If you could buy an aircraft for a significant discount if it's two, three, four, five, ten, fifteen years old, it does exactly the same thing as a new one. Maybe you might have newer avionics, which are the radios in the cockpit, or it might have a different altitude or something like that. But if you could buy some half price off of a new one, that makes a very convincing sales story.

More Articles

View All
Joel Greenblatt on How to Achieve a 40% Return a Year
So if you believe what Ben Graham said, that this horizontal line is fair value, and this wavy line around that horizontal line are stock prices, and you have a disciplined process to buy perhaps more than your fair share when they’re below the line, and …
Shark Encounter in 180: Worth More Alive | National Geographic
My name is Jim Abernathy. I’m a shark expedition leader. I’m the pioneer of large cageless shark encounters worldwide. My whole conservation effort is based on the simple fact that our wildlife on planet Earth, especially sharks, are worth more alive. I …
Phrases and clauses | Syntax | Khan Academy
Hello Garans, hello Rosie, hello David. So, okay, so you know the Schoolhouse Rock song, uh, “Conjunction Junction,” right? Classic, classic. Uh, so in that song, you know, the chorus asks, like, “Conjunction Junction, what’s your function?” And then thi…
Hunting Porcupine | Life Below Zero
Look, the porcupine tracker went right up here. It’s not too far ahead. This is a fresh track. Hey, look! There he is, right there, right in that tree. Porcupines, when they’re getting chased, they like to take to the trees. I can’t shoot him with this r…
Atomic Rant
[Applause] Now it’s time for me to get something off my chest. It’s been bugging me since I was a little kid, so you may as well be my first victims. Now, all of you out there know what an atom looks like right? It looks like this. So am I right? No, I’…
Derivatives of inverse functions: from table | AP Calculus AB | Khan Academy
Let G and H be inverse functions. So let’s just remind ourselves what it means for them to be inverse functions. That means that if I have two sets of numbers, so let’s say one set right over there, that’s another set right over there. If we view that fir…