How to Buy a Used Jet – Flying Magazine

November 12, 2020
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“I found Mike Shafer, of Mercury Aircraft Sales, to be an invaluable resource. Mike sold our Piper Cheyenne and was experienced in purchasing these types of jets. As a broker, Mike had access to sales data and to airplane histories. He had a feel for the market. He cautioned me repeatedly about the significant increase in costs associated with buying a jet compared to the turboprop I had managed and flown for 17 years. He provided me with annual expense estimates for CJ1s compared to Premiers. He told me that the Premiers originally sold for 30 percent more than the CJs but the market had accounted for the concerns mentioned here.”

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