He's Owned 12 Airplanes in 25 Years. Here's How to Buy the Right One | Mark Woglom E367

Mark Woglom has bought and sold roughly a dozen airplanes in twenty-five years — a new Cessna 182 he learned to fly in, a Baron he never got comfortable in, a pressurized 414, a Cheyenne II XL, four separate Cirrus SR22s, a Vision Jet, a TBM 960, a Citation M2, and the CJ3+ he flies today. Six weeks ago he added an Icon A5, because you can't go sightseeing in a jet.Along the way he built a framework for making the decision the rest of us agonize over.In this episode we cover:The three F's — finances, features, and function — and why mission is the one most buyers skipThe "fourth F": buying the wrong airplane, and how to avoid itWhy he never trusts manufacturer range claims, broker enthusiasm, or forum consensusHis normalized fuel reserve method for comparing aircraft honestly, apples to applesReal rules of thumb for insurance, capital cost, maintenance, and the ancillary costs that ambush new ownersWhy he took a five-year break from flying while still owning an airplaneWhat changed when he decided to earn a type rating in his mid-fiftiesWhy his wife's headset ended a turboprop purchaseNever get plane poor — and why a fuel stop isn't the end of the worldWhether you're saving toward your first 172 or wondering whether the step up is worth it, this one's a masterclass in buying with your head instead of your heart.Happy Flying,JustinPilot to Pilot Magazine — Volume 003 is out now. Get yours at pilottopilothq.com/magSponsors — please support the people who support the show: • NEW SPONSOR ALERT I'd like to welcome AeroTow to the Pilot to Pilot sponsors! check out their AeroTow T2 Engineered for easier maneuverability, the AeroTow T2 is versatile for a variety of aircraft. Its universal cradle provides a seamless towing experience ( Pilot to Pilot listeners can save $100 by using the code in the podcast!) Avemco Insurance — Save 5% as a Pilot to Pilot listener. Call (888) 635-4297 or visit avemco.com/4297-owner (owners) or avemco.com/4297-non-owner (non-owners) • Learn more about the exciting innovations at Textron Aviation today… just go to TXTAV.com • Garmin — Plan, file, fly, log with the Garmin Pilot app • Allworth Airline Advisors — Register for their latest webinar at allworthfinancial.com/justin • Allworth Financial - https://allworthfinancial.com/airlines/lp/runway-for-retirement-webinar?utm_campaign=airlines+-+more+runway+for+retirement?lmls=Partner+Channel&lmld=Pilot+to+Pilot&ad_version=Social