Renting vs Owning (was Flaps on take-off and landing)
Marc Adler wrote:
Thomas Borchert wrote:
No, he can't. A long history of postings shows that's not in his
repertoire (sp?).
(Correct spelling.) That's a relief, because if you just rent aircraft,
you don't have to worry about anything but rental charges and gas,
right? In other words, insurance, maintenance, etc., are all the
responsibility of the rental agent (the FBO?), right?
I'm completely new to this, but it doesn't seem to me like owning is
such a great proposition if you're just a recreational flyer. Aside
from the cost of the plane itself (min. $50K, right?)
Depends on what you own. If you want fast, etc. you are spending a few
$$, but if you are handy, have a nice A&P to supervise you (and have the
time to do your own work), and don't mind a slower, smaller aircraft you
can do quite well. I know people with lots of $$ with nice aircraft and
I know people with considerably fewer assets with nicer aircraft, but
they spend lots of time.
you've got to pay
for maintenance, repairs, insurance, taxes, parking, etc., etc., etc.
The operating costs have got to pile up real fast.
We used to base at Dulles (was $125 to tie-down, now it's over $350,
moved to Culpeper in a hangar for $200). I used to help out a lot on
maintenance, but time became more valuable than $$. There are ways to
make it cheaper.
I don't know why a
recreational flyer would want to own. Plus, if you don't own, you can
fly lots of different planes.
I like my plane, I don't need to fly lots of different planes. My plane
is always there when I want it. I can take it for the weekend whenever
I want. If it's broke, I broke it and know it.
As I say, though, I'm completely new to this, and this is an uninformed
opinion, so I welcome all responses.
It's great to own (cheaper to rent unless you fly 100 hrs/yr)
Margy
Marc
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