According to Plane and Pilot Magazine, some of the cheapest airplanes models to buy include the Aeronca Chief, the Ercoupe 415, the Piper Tomahawk, the Taylorcraft BC-12, the Piper Colt, and the Piper Pacer. The AeroTrader website contains up-to-date market value information about planes for sale.
Many of the more affordable airplane choices are older models built between 1930 and 1960. The condition of the plane and remaining flight hours decide the price. As of 2015, many of these models are available for less than $20,000, but may require additional costs for maintenance and upkeep. Upkeep costs include insurance, hangar rental and taxes.
These models have basic interiors and little or no additional features, but are still reliable for transportation. The AeroTrader website allows buyers to search new and used aircraft for sale and see the current market value. The site allows users to search by a variety of parameters including age, model, features and location.
Buying an airplane is expensive, so many pilots and flight enthusiasts may consider alternatives such as rental aircraft. Great deals are available with private party sales, and one of the best ways to find a deal on an airplane is to continue searching online and trade publications on a regular basis.