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You Need Space: Pros and Cons of Airplane Hangar Rent vs Buy

By July 17, 2020 No Comments
hangar rent

The age of a plane accelerates quickly when stored outside.

Many people choose to store their planes in some form of a hangar to keep them protected from outdoor elements. That allows the aircraft to last longer and not break down as quickly.

What is the best storage option? Should you buy or rent an airplane hangar? Can you share a hangar with others?

Keep reading to learn more about the pros and cons of hangar rent:

Buying a Hangar: Pros and Cons

Purchasing an aviation hangar has advantages and disadvantages. Before you make the big purchase, consider the following:

Pros:

Ownership: When you purchase a hangar of any kind, you will own it. You will not ever have to worry about its availability to store your aircraft because you are in charge.

Location: You can choose where you would like to build a hangar and suit it to best meet your location preferences.

Cons:

Selling: If you decide to move your aircraft to a new airport or location, you will be responsible for the sale of the hangar.

Use: If your plane has several overnight trips, your hangar will be left empty. It is costly because you will be paying for an empty hangar.

Hangar Rent: Pros and Cons

Renting an aviation hangar has advantages and disadvantages. Factors such as the length of the rental, size of the plane, and how often you will be storing it can affect the hangar rental cost.

Pros:

Time: If you are planning on storing your aircraft for a short period of time, it makes sense to rent instead of buy. We have hangar space available for aircraft of all sizes and would be happy to discuss the options with you.

One Plane: If you are looking to store one aircraft, hangar rental can prove to be a solution if you can’t afford a hangar alone.

Private: When you rent a private space, you will not have to worry about contact with any other aircraft. You can rest knowing that the space you rented is only for your plane.

Cons:

Shared: If you are renting a shared hangar, you risk getting a hangar rash on your aircraft. That occurs when the planes are constantly moved to pack as many as possible into the area.

Cost: Renting can be costly, depending on the situation. Completing an in-depth analysis of the use of the aircraft and which option would work best for you can help you understand the cost. Whether or not the aircraft is used for business or personal use affects the cost as well, as one can be a business expense.

Contact Us Today

Please contact us today to discuss the hangar rent and storing your aircraft. We are happy to discuss what the best fit for your aircraft would be at our location. Visit our website to read testimonials from our previous clients.