View Single Post
  #5  
Old October 18th 06, 05:43 AM posted to rec.aviation.owning
[email protected]
external usenet poster
 
Posts: 20
Default Cost of owning a Diamond DA40, new vs 5-6 years old

Nothing major to fix for the first 5 years. What a luxury. For the
last 3 years,
how much did the annuals cost ?

I actually don't care much about the G1000 panel. I can live with it,
but don't
feel a loss with anything else. In this respect, the 5-6 years old
planes are
not any less desirable.

Steve C wrote:
I have a 2001 Star, which I purchased new 5 years ago. As others have
noted, there is a big depreciation on new airplanes. On the other hand,
new Diamonds come with a 2 year warranty. I spent zero on repairs
during the first two years (and very little since then).

You can calculate your own expenses such as debt service, hangar or
tiedown. Figure 9 gal/hr fuel burn. Insurance is relatively
inexpensive, as there is a good loss experience with Diamonds.

All the new Stars are G1000 equipped and run close to $300K. The older
Garmin or Bendix King equipped models are lots cheaper.

Steve


wrote:
Any DA40 owners here ?

Assume one flies 100-150 hours/year, how much is the annual cost
associated with
owning a new DA40 ?

What about a 5-6 years 2nd hand one ?

I don't own business and have no way of writting off any of the costs.

Thanks in advance.

P S