AOPA Twin Comanche

"G.R. Patterson III" wrote in message ...
Dave S wrote:

Whats the value of the Twin Commanche?

According to AOPA, the current value of the "project" is $225,500.

And.. 30% of that is??? (just
rough round numbers...)

$67,650.

That's a start. I live in California so let's add a few more...
1) State income tax of about 5% so add another $10000
2) Of course I would have to pay use tax on it as well for another
$16,000
3) Then every year I would pay property tax on it for $2,000 /yr
(including the first).

So, my first year taxes would be $95,650. I could almost live in
Canada at these prices! (hense the 50% rule of thumb)
I might be able to get a really good deal on a hanger for only
$500/month, so I would put in another $6000. Also, for me the
insurance on a Twin Comanche would be $6000 for the first year. So, I
could fly it one year for...
$107,650 plus gas. If I fly 100 hours I would spend another $6300
($3.50/gal at 18 gals/hr).

So, if nothing breaks and I have ZERO maintenance I would spend
$113,950 to fly it the first year. That's about $1139.5/hr. of out of
pocket until I sell it. I would probably be better off selling it
right away.

-Robert



-Robert, People's Republic of California