So I'm in the process of beginning a build on an RV-12, and I'm trying to think of ways to fund it that doesn't involve taking out a loan or savings account. I honestly don't see the point of taking out a loan for a purely recreational vehicle, and the saving's account route is too slow for my taste. So far here are the expenses I'm looking at.
12x20 shop $5k for the pre-fab building itself, will have to install electricity and AC/Heat wall unit. So probably another $5k.
$2,000 for the RV-12 tool kit.
$65k for the aircraft itself.
$3-5k for a trailer.
So I'm looking at about $80k. I know I don't have to build the kit all at once (no plans on doing that), but my concern is waiting to save up the money for the engine and avionics and letting the project sit around in the shop for months while I get the fund together for those two component of the kit.
Any help is greatly appreciated.
12x20 shop $5k for the pre-fab building itself, will have to install electricity and AC/Heat wall unit. So probably another $5k.
$2,000 for the RV-12 tool kit.
$65k for the aircraft itself.
$3-5k for a trailer.
So I'm looking at about $80k. I know I don't have to build the kit all at once (no plans on doing that), but my concern is waiting to save up the money for the engine and avionics and letting the project sit around in the shop for months while I get the fund together for those two component of the kit.
Any help is greatly appreciated.