"G.R. Patterson III" wrote in message
...


The Weiss Family wrote:

I then tried to estimate annual costs.

You've left out the "banks" for replacement or repair of avionics and
overhaul of
engines and props. The overhaul bank on an O-320 will be about $9/flight
hour. It'll
be more for that 182.


At $80 per hour that should be taken care of - those planes don't burn that
much fuel.

I agree - this club seems to be rolling in cash or there are early members
who have not contributed at this level.

Just for grins I ran a 50k loan at 15 years for 9% - you can do better with
an equity loan, but the payments are roughly 500 per month. Add $200 for
tie down and insurance (fixed gear single) and that is about $700 per month.
Seems to me the original poster might want to consider an alternative. I
would start my own "flying club" or partnership in his/her position.

With 3-4 people in the partnership you might have more access to the plane
than the 15 person club with 2 planes and have lower insurance as well. I
round up the monthly costs to $900 to be conservative and drop the hourly
charge a bit too. With 3-4 people that means about 200 to 300 per month fee
with lower hourly charge, equity in the plane and probably more access to
the plane.

just my opinion.

(own a grumman cheetah)




George Patterson
None of us is as dumb as all of us.