I can see you flexing your fingers so you can bang out a quick response!! Let me first describe the opportunity and then you can fire away.
Good friend and I are on the road to become co-owners in an airplane. He and I have been and continue to partners in several hobbies and it has been very positive experience for both parties.
Qualifications: 500hr+ pilots with instrument rating/HP/Complex.
Age: 30's
Where we differ in this endeavor is the use of the airplane.
Pilot #1 works in the GA industry and travels within the region visiting his dealer network and the end user (GA Pilots) The airplane must be attractive, a common certified make/model, and reliable enough to use for business. He also flies for fun with his family. After a few years of renting 172's he is ready for a change.
Pilot #2 What brought about the change in my flying requirements is the arrival of my son last year. My wife isn't too excited about the prospect of putting him in a rental plane with the exception of a Cirrus. The cost to rent and the hassle involved in scheduling the Cirrus has completely turned me off.
Our family is 250+ miles away in an area that isn't convenient to a major airport so we flew to seem them quite often. We also fly several trips for vacation and I have business 300+ miles away that requires me to come by once per quarter. The past year we have been burning the road up and I'm really missing my time in the airplane!! Flying myself around the pattern just isn't enough to satiate my habit and quite frankly I miss flying with my wife.
Common questions we have received:
1st question "how did you narrow it down to only Bo's and Cirrus?"
They are very common, we both have experience in each and an efficient travelling plane for our type of flying.
2nd question, "can you afford to purchase, maintain and fly them?"
Yes, we have both waited over 5 years to buy an airplane so we aren't jumping in blind
3rd question, "will you both get adequate use of the airplane?"
We both plan ahead while remaining flexible. This has proven true on each of the cars, boats, etc. that we share. When there is a conflict we hash it out and move on. We have learned that most issues have been avoided by simply planning ahead and making your intentions known. Wish I could do a better job of this in my marriage!
4th question, "what's your budget"
Budget including acquisition costs is 100K-150K
5th question, "why don't each of you go buy your own plane"
Through work Pilot #1 gets access to items that I would otherwise not be able to afford. Pilot #1 also hs free space in a hangar to help offset fixed expenses
Changing market for used aircraft:
With Cirrus aircraft appearing in our single piston budget they are very attractive. Despite all the positives for a Bonanza (Received my instrument ticket in a 68 model) it's hard to ignore the comfort and appeal of an airplane built in the past 20 years.
Can someone check my thinking and tell me why we shouldn't only consider a Cirrus SR-20/22?
If there is another thread that answers my questions feel free to pass it along. I don't have thin skin so fire away with your ideas and punch some holes in my thinking. That's the whole reason for going through the exercise.
Thanks for your feedback.
Bill D.