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