As long as you keep trying to rationalize it, will you ever, ever own and airplane?
If you buy, you can always sell it later. It is not like the money is gone forever. You will be out initial insurance, down payment and hanger / tie down fees. That is all.
I spent over 20 years trying to rationalize purchasing an airplane. Now, looking back, those were 20 wasted years that I could have enjoyed my own flying.........
As far as the kids education? We paid for the first year and then it was up to them for the rest. They appreciated their education a whole lot more!!
If you finance, you can stretch the payments over 20 years. making monthly payments really reasonable. I would not suggest stretching the payments out over 20 years. But, in a pinch, you won't need to be making high payments.
But, I do have a question. Why do you consider this particular airplane the best deal you have found so far?
