"Mike Rapoport" wrote in message
ink.net...

"Jack Allison" wrote in message
...
Robert M. Gary wrote:
" Just curious since I figure my costs on
the Arrow are running right at 1/2 of what a rental Arrow goes for. "

Didn't you just buy this plane though.
Yep, bought it in April

I would be really surprised if
the cost of ownership ends up being less than rental.
Actually, I won't be surprised. It won't be 1/2 of the going rental rate
at the end of a year's worth of ownership but I think it will be less
than rental. Current Arrow rental rate at Executive Flyers is $134/hr
wet which must have come down a bit lately as it used to be somewhere
North of $140/hr. My costs have run right at $70/hr. This includes all
monthly fixed costs and all variable per-hour costs. Also includes
reserves for engine and annual inspection.



--
Jack Allison
PP-ASEL-IA Student
Arrow N2104T



You will probably find that your long term costs are substantially higher
than your costs to date. Everything from tires to bearings to gyros to
windshields is wearing out and is unlikely to be free to replace.

Mike
MU-2



I would agree with Mike, that ownership costs per hour often calculate to be
higher when you look back over a longer period of ownership time.
Most folk reckon to spend 10% of the initial cost in getting the newly
acquired aircraft up to snuff.
In my own case, that figure was just about right, but it did include doing
work that was considered desirable rather than necessary.
Many of us are flying older equipment and there is a constant need to
replace parts that fail or are showing signs of age in their performance.

We own a 1977 Piper Archer, with 4000 hours TT.
With two pilots to share the fixed costs, we find that we could locally rent
a similar aircraft for less per hour.
Essentially, we accepted before buying that it would be more expensive to
own than to rent.
But we are flying OUR plane, and that is just such a good feeling :-)

Roy
N5804F