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
Preparing for the AP US History Exam (5/4/2016)
Hi, this is S of the KH Academy, and you know we’ve always had a lot of content on KH Academy for the various AP tests, and we’ve actually been building out a lot for American history. So I’m here with Kim, who’s our AP History or American history fellow.…
Introduction to frames of reference
I’d like to do in this video is talk about the notion of a frame of reference, and this is an introductory video. In future videos, we’ll go into a lot more depth. But a frame of reference is really the idea; it’s a point of view from which you are measu…
Zubrin's Guide to Colonizing Mars | MARS
Humans to Mars does not require building some gigantic nuclear powered interplanetary spaceship. We can do it with the kinds of technology we either have today or know how to build today. We need to have a heavy lift booster. We take two such boosters fo…
Work at a Startup Expo 2018
Okay, hello everyone, and welcome to Work at a Startup. This is the first time we’ve done this conference since 2012, so it’s a pretty special day for us. I’m really excited to see that we had such an amazing turnout. In a moment, I’m gonna introduce our …
Introduction to multiplication
Our squirrel friend here likes to collect acorns because, really, that’s how he is able to live. Let’s say every day he collects exactly three acorns. So, what I’m curious about is how many acorns will he have after doing this for five days? One way to t…
Fever Feels Horrible, but is Actually Awesome!
Fever feels bad. So we take medication to suppress it – but is this a good idea? It turns out fever is one of the oldest defenses against disease. What exactly is it, how does it make your immune defense stronger and should you take a pill to combat it? …