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"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! ![]() 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 |
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