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As for buying, I can heartily recommend it. Knowing who flew the plane
last, and having everything in the plane PRECISELY the way you left it (and always leave it) is worth all the headaches, IMHO. As long as you overlook the price differential between the per hour of operation cost of owning vs renting, your recommendation is valid. One generally gets more by paying more. IF you find an honest, good A&P to work with, and IF you are inclined to do a lot of work yourself, and IF the plane is in relatively good shape to start with, you can own a plane and fly the pants off of it at an affordable rate. (It helps to own a robust, common design, like a Cherokee or a Skyhawk/Skylane.) However, IF you take your plane to a big corporate shop, or IF some major mechanical problem(s) arise, owning can literally rip the hide off of you, financially. It's no different than buying a house, a boat, or a business. YOU can make a big difference, and some luck is involved. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
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On Wed, 23 Aug 2006 07:50:34 -0700, Jay Honeck wrote:
fly the pants off of it at an affordable rate. My understanding is that ownership works better, financially, if you "fly the pants off" the plane. If you don't fly enough, then renting/partnering/clubing will be *financially* better. - Andrew |
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fly the pants off of it at an
affordable rate. My understanding is that ownership works better, financially, if you "fly the pants off" the plane. If you don't fly enough, then renting/partnering/clubing will be *financially* better. True. But for me, the fact that Atlas is sitting in my hangar, fully fueled and ready to go at a moment's notice, is absolutely irresistable. I find it amazing to see how few privately owned aircraft fly regularly -- those owners apparently have more will power than I do! :-) -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#4
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Jay Honeck wrote:
fly the pants off of it at an affordable rate. My understanding is that ownership works better, financially, if you "fly the pants off" the plane. If you don't fly enough, then renting/partnering/clubing will be *financially* better. True. But for me, the fact that Atlas is sitting in my hangar, fully fueled and ready to go at a moment's notice, is absolutely irresistable. I find it amazing to see how few privately owned aircraft fly regularly -- those owners apparently have more will power than I do! :-) -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" You have a few advantages some folks don't have. 1. You work very near the airport where you keep your plane (some of us have to drive over an hour to get to ours) 2. You are self-employed and I assume you can "flex" your hours at times to match good weather. 3. You are in a two pilot family so there isn't any "You're going flying again!?!?! You really need to clean the basement". Margy |
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Thread | Thread Starter | Forum | Replies | Last Post |
Single-Engine Partnership vs. Used vs. Flying Clubs | [email protected] | Owning | 16 | January 14th 06 06:56 AM |