We all wish for deeper pockets to afford some of the latest and greatest private jets available on the market, and they are definitely among the most expensive goods in the world. However, many of us simply dream of flying a small personal aircraft, and so, like most aspiring aircraft owners, there is a need to stick to a tight budget. As you might have guessed, the cheapest airplanes that you can buy and fly are very small, ultra-light or light aircraft. Some could even be older models with a few years or even decades of service under their wing.