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
Lecture 9 - How to Raise Money (Marc Andreessen, Ron Conway, Parker Conrad)
Um, but I want to start with a question for Mark and Ron, which is by far the number one question. Probably be a link answer: what do you guys decide to invest in—a founder or a company? Neither of you: no, no, no, no, you first. Um, well, we have a sli…
How to sell private jets!
Occasionally, we’ll buy an airplane and then mix it up and then resell it on. But the majority of the time, we’re acting as an exclusive agent to represent either a buyer or a seller. For most of my career, we would always represent the seller and try to…
Crossing the Creek - Deleted Scene | Life Below Zero
So I came down, I’m crossing the valley, and I want to go up on this mountain here next. This is another mountain I’m thinking about hunting on, and I want to see if there are any sheep up there today. I’m just going to have to cross this little creek her…
Beginning of the Greco Persian Wars | World History | Khan Academy
This right here is a map of the Persian Empire in 490 BCE before the Common Era, and you see that it is an extensive empire. It was established by Cyrus the Great and then his successors. We talked about it in previous videos, how they were able to conque…
Example: Comparing distributions | AP Statistics | Khan Academy
What we’re going to do in this video is start to compare distributions. So for example, here we have two distributions that show the various temperatures different cities get during the month of January. This is the distribution for Portland; for example,…
INFLATION WARNING: The 2020 DEBT Bubble Explained
What’s up guys, it’s Graham here! So, I want to take some time to address a recurring comment and concern that’s been showing up a lot on my channel lately, and that would be: Is Carole Baskin guilty? And did she do it? To which I say, possibly. But I th…