Why you should consider leasing instead of purchasing:

 

Q:  Why lease?

 

A:  Many of our clients want to lease because they know that in a couple of years they will probably want something bigger, smaller or just plain different than the Bonanza.  Since they are not purchasing they can completely avoid sales tax, prepurchase hassles, upgrade expenses and the significant exposure of an unplanned engine change. 

 

Q:  What happens if the engine goes bad during the lease?

 

A:  HPA installs a new one at no cost to the person leasing the plane.  We use factory engines and during the down time the person/company leasing the plane does not pay the monthly lease payments.

 

Q:  How many hours can I fly the plane during the lease?

 

A:  As much as you want.  On average our lease clients fly 100 to 250 a year.

 

Q:  What am I responsible for besides fuel and oil during the lease?

 

A:  HPA pays for all expenses related to the Engine, Alternator, Vacuum Pumps and the other engine accessories that come due for overhaul or exchange.  You would be responsible for any damage caused to the engine from mis-operation like prop strikes, overheating a starter, or running the engine improperly and burning up cylinders.

 

Q:  What happens if a cylinder goes bad or the engine needs a top overhaul?

 

A:  In the last 15 years we have been doing leases and we have only had a hand full of cylinders go bad that the person leasing had to pay for and that was only because they ran the engine to lean and the valves came in burnt and discolored red.  Normally it is paid for by HPA or paid under the factory warranty.

 

Q:  What if I decide to purchase the lease plane?

 

A:  Tell HPA and they will make a deal with you if possible.

 

Q:  What if I want out early?

 

A:  If you purchase a plane from HPA we usually waive any extra fees we only have you comply with the lease ending service requirements.  If you just want out we work out a fee per months not used and that would be the cost to terminate.  We offer one, two, and three year leases.  You can get a three year lease for less money than the two year lease.  You can sell after six months and it will cost more to get out than if you paid the higher one year lease and paid the early termination fees for only six unused months.

 

Q:  What do you have available now?

 

A:  Call Mike Borden at 858-576-5000 because our lease fleet availability changes constantly.