As much as we'd all like to purchase a newer, bigger or faster airplane, the reality for most of us in these economic doldrums is that we can't. Lenders have tightened the reins on aircraft financing, and prices of new aircraft seem to be on a never-ending upward trend. The good news is that we can get a lot of "bang" for just a little "buck" by making some creativeand relatively inexpensive enhancements to the airplane we already own. Aircraft have historically been questionable investments from a purely financial standpoint. While there were a few decades there where a general aviation airplane would go up in value every year, the situation has changed, and the market has become more volatile. As such, lots of aircraft owners are choosing to stick with the airplane they have now rather than risk jumping into a brand-new craft at many times the price and with no guarantee of future appreciation. Though the hidden truth is that we buy airplanes because we love to flyand not because it makes financial sensekeeping the airplane we already have makes good sense, and keeps our spouses and accountants happy.
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