Flying a plane can be exhilarating, and after you have taken enough lessons and become a competent pilot, you may be interested in purchasing your own aircraft. Many people love antique planes for their beauty and history, but if you want to buy one, it is important to know what you're doing to ensure that you make a good investment. Use the following tips if you're thinking about purchasing an antique aircraft:

Research Parts Availability and Product Support

While there are many benefits to owning an antique aircraft, it is important to make sure you buy the right one. Since antique airplanes are out of production, you will need to do some research to ensure that there are parts available for the make and model that you're interested in as well as product support and local aviation mechanics who can maintain or make repairs to the plane. The last thing you want is to invest in an antique aircraft only to learn that it is nearly impossible to find needed parts or mechanical support.

Fly the Aircraft Before Purchasing

Just like you wouldn't buy a car without driving it first, you will want to be able to take a test flight in an antique aircraft before you agree to purchase it. During the flight, you will have the opportunity to inspect all of the controls and equipment to ensure that they are functioning properly.

Arrange for a Pre-Purchase Inspection

One of the most important things to do before buying an antique aircraft is to get a comprehensive pre-purchase inspection. Make sure that the aviation mechanic who conducts the inspection is highly experienced and has a lot of knowledge about antique planes. You should request a written report that outlines the condition of the engine as well as other essential operating systems on the plane. In addition to a mechanical inspection, request to see the aircraft logbook and all available service records.

Determine Insurance Costs in Advance

It is a good idea to learn how much it will cost to insure the antique aircraft that you are interested in prior to making a purchase so you are not surprised by the expense. Purchasing insurance for an antique aircraft can be complicated, so it is in your best interest to work with an experienced aviation insurance underwriter. A reputable aviation insurance underwriter will know the insurance requirements in your state and will ensure that you purchase the right coverage for the aircraft. 

Click the link for antique aircraft for sale or do an online search.