Ricky Gutierrez
@rickygutierrezz·1.2M subscribers·5.3K videos
THIS IS HOW MUCH IT COST TO OWN A JET...
Posted
February 4, 2023
Views
30,503
Likes
933
Comments
81
Engagement
3.32%
February 4, 2023
30,503
933
81
3.32%
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5:21Now PlayingDepending on size, range, model, and features, a private jet can set you back anywhere from $2 million to over $100 million. Much like used cars, private jets are subject to serious depreciation. If you are looking for a bargain, second-hand jets are significantly less expensive.This Jet is now under $1 million in cost. The cost of ownership is dependent on your set up. I spend $1,600 a month for my hangar space, $5k a year for ground insurance, and I do not have any cost to fly the jet as I have friends who fly it. I call this jet hacking.
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KEY TAKEAWAYS
A private jet can cost anywhere from $2 million to over $100 million.
Ongoing expenses may include flight crew salaries and expenses, the costs of routine maintenance and unforeseen repairs, hangar rental, and aircraft insurance.
Alternatives include private jet charter services, partial jet ownership, and membership in a private jet club.
Travelers can charter flights with the jet company's agent or with a broker.
Chartered flight rates range from the low thousands to more than $10,000 per flight hour.
#buyingaplane #privatejet #millionaire
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