cost of ownership

The Weiss Family wrote:

and if you do not want any costs, lease it back to a flight school, chances
are it will rent enough that it covers all your costs.

If you do a lease-back, what type of insurance must you carry?

Just a quick warning -- I think I've read one, maybe two postings from
people who had good or neutral experiences with lease-backs. All of the
others have described it as a trip to hell and back.

If you have to book the plane whenever you want to use it, and might find
that it's already booked by someone else, where are the benefits of owning?


All the best,


David

On Sun, 23 May 2004 16:16:12 -0700, "The Weiss Family"
wrote:


"Jeff" wrote in message
...
and if you do not want any costs, lease it back to a flight school,
chances
are it will rent enough that it covers all your costs.


If you do a lease-back, what type of insurance must you carry?

Commercial. Your rates will go up significantly, plus you will have
to get 100hr inspections, and fix all the stuff the renters break.

Before you get involved in one, do some searches on
http://www.dejanews.com about leasebacks. The topic has been
discussed at length in the rec.aviation.* newsgroups.

-Nathan

Jeff wrote:

and if you do not want any costs, lease it back to a flight school, chances
are it will rent enough that it covers all your costs.

Leasing the aircraft is a business venture, and you should treat it as one.
Typically, you will be treated as a renter, even if you own the aircraft. If you want
to fly it, this may be no problem if you take the plane during the week, but you may
have the same problems taking the plane for a weekend that you have today renting
other people's aircraft.

I have known people who made a decent amount of money leasing aircraft to flight
schools. I have also heard of people losing their shirts (or at least, their planes).
Much depends on the terms of the lease contracts. For what little it's worth, from
what I've seen, lessors on the West Coast tend to lose money on the deal.

George Patterson
I childproofed my house, but they *still* get in.