When buying an aircraft, there are several common mistakes that a potential new owner should be aware of in order to ensure that they make a wise and informed decision. Some of these mistakes include:   1. Not researching the aircraft and its features thoroughly before making a purchase. Aircraft can vary widely in terms of size, capacity, performance, and cost, so it is essential to understand the features of the aircraft you are interested in before taking the plunge. 2. Failing to thoroughly inspect the aircraft and its logs before purchasing. It is important to check for evidence of previous damage or repairs and to make sure that the maintenance records are up-to-date and accurate. 3. Not understanding all of the associated costs beyond the initial purchase price - such as insurance, fuel, storage fees, maintenance costs, etc. 4. Not seeking expert advice from an experienced private aviation consultant who can provide valuable insight into the aircraft selection process. 5. Neglecting to properly protect your investment through insurance coverage or other forms of protection such as warranties or service contracts. 6. Thinking a pre buy inspection is the same as an annual inspection.   By avoiding these common mistakes, buyers can reduce their risk and maximize their chances of finding the right aircraft for their needs at a reasonable price.