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Cost of ownership????



 
 
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  #1  
Old March 21st 07, 02:20 PM posted to rec.aviation.owning
Lou
external usenet poster
 
Posts: 403
Default Cost of ownership????

I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou

  #2  
Old March 21st 07, 03:01 PM posted to rec.aviation.owning
Jay Honeck
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Posts: 3,573
Default Cost of ownership????

Anybody? Anybody? Anybody?

I know there are guys here who have just the spreadsheet you're
looking for, but I've found that I'm much happier when I don't analyze
it too closely.

You can really keep your costs down by doing most of your regular
maintenance yourself. Oil changes, etc, can all be done by the owner,
and that really adds up over time.

When you want to know how much money it costs to feed an airplane,
just figure "all of it", and you'll be close to right...

:-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"


  #3  
Old March 21st 07, 04:06 PM posted to rec.aviation.owning
Blanche
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Posts: 346
Default Cost of ownership????

Lou -- there are fixed costs (hangar, insurance, mortgage if needed)
and variable costs. The fixed costs are easy. The variable are not.

Variable:
fuel & oil
repairs, maintenance,improvements
ADs
Unexpected and surprising costs!

And, as Jay points out, you can do a fair amount of work (Preventive
Maintenance, as per the FAA) yourself. But then you need to make sure
you have tools and equipment to do this. More costs.

On the other hand, if you really total up and make realistic estimates
of a budget, you'll probably decide not to buy an airplane.

*sigh*

  #4  
Old March 21st 07, 04:25 PM posted to rec.aviation.owning
Jim Burns[_2_]
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Posts: 257
Default Cost of ownership????

AOPA has a couple worksheets on their ownership/partnership page.
Just yesterday I figured our ownership & operating costs for the Aztec over
the past 2.5 years.
I didn't hit the floor too hard.
Jim


"Lou" wrote in message
oups.com...
I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou



  #5  
Old March 21st 07, 04:31 PM posted to rec.aviation.owning
Marco Leon
external usenet poster
 
Posts: 319
Default Cost of ownership????

I have one. I'll send it to your hotmail address.

Marco

"Lou" wrote in message
oups.com...
I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou



  #6  
Old March 21st 07, 05:02 PM posted to rec.aviation.owning
Tim
external usenet poster
 
Posts: 146
Default Cost of ownership????

Lou wrote:
I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou



"If you have to ask..."

It costs a lot. The airshares program seems to be reasonably set up.
At first glance it seems expensive though. They did the work for
you/everyone. Check out their pricing. If you can't afford at least a
third to half of that program, you probably have to walk away or find
more co-owners.

http://www.airshareselite.com/airpor...escription.pdf

It is a commitment to own a plane.

I would not trade it for the world. Good to see you are doing your
homework.
  #7  
Old March 21st 07, 06:02 PM posted to rec.aviation.owning
Ross
external usenet poster
 
Posts: 463
Default Cost of ownership????

Lou wrote:

I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou


Ownership is cheap, maintaining one is expensive. I used to keep a
spread sheet of my budget and expensive. I quit after a couple of years.
If my balance got too low I knew I was getting in trouble. I didn't need
to know the details.

--

Regards, Ross
C-172F 180HP
KSWI
  #8  
Old March 21st 07, 06:44 PM posted to rec.aviation.owning
Lou
external usenet poster
 
Posts: 403
Default Cost of ownership????

Thank you, that is exactly what I was looking for.
Lou

  #9  
Old March 21st 07, 09:42 PM posted to rec.aviation.owning
Jon Kraus
external usenet poster
 
Posts: 194
Default Cost of ownership????

Lou,

It varies tremendously but the one constant is that airplane ownership
is EXPENSIVE when compared against renting. That is unless you fly 200
hours a year (most pilots average 50-75 hours a year).

I don't know about other folks but I have owned for only 3 years so I
don't have much experience but here is what I found.

For a 2 way partnership in a 100k Mooney it costs me about 1000 a month
to fly 5 hours a month. This includes all my fixed costs of $575 (plane
note, hanger rent, XM weather subscription and insurance). We charge
ourselves $85 per tach hour wet. This includes engine reserve, fuel and
some cash put back for annual inspection expenses.

Our first 3 annual's averaged $5000. We have had several times in the
last 3 years where we have had to shell out $1000 here and $1000 there
for things that broke. We like to keep the plane squawk-free so this
could have been cheaper.

Here is the sad part. For me I have come to the realization that I don't
want to shell out this much cash for flying anymore and am offering my
partner the buy-out deal of a lifetime. I am going back to renting but
will probably take a break from flying all together.

Good luck with whatever you do but realize that it will cost you a LOT
more money to own than to rent. That is just a plain and simple fact.

Jon Kraus



Lou wrote:
I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou

  #10  
Old March 21st 07, 10:17 PM posted to rec.aviation.owning
Ross
external usenet poster
 
Posts: 463
Default Cost of ownership????

Jon Kraus wrote:
Lou,

It varies tremendously but the one constant is that airplane ownership
is EXPENSIVE when compared against renting. That is unless you fly 200
hours a year (most pilots average 50-75 hours a year).

I don't know about other folks but I have owned for only 3 years so I
don't have much experience but here is what I found.

For a 2 way partnership in a 100k Mooney it costs me about 1000 a month
to fly 5 hours a month. This includes all my fixed costs of $575 (plane
note, hanger rent, XM weather subscription and insurance). We charge
ourselves $85 per tach hour wet. This includes engine reserve, fuel and
some cash put back for annual inspection expenses.

Our first 3 annual's averaged $5000. We have had several times in the
last 3 years where we have had to shell out $1000 here and $1000 there
for things that broke. We like to keep the plane squawk-free so this
could have been cheaper.

Here is the sad part. For me I have come to the realization that I don't
want to shell out this much cash for flying anymore and am offering my
partner the buy-out deal of a lifetime. I am going back to renting but
will probably take a break from flying all together.

Good luck with whatever you do but realize that it will cost you a LOT
more money to own than to rent. That is just a plain and simple fact.

Jon Kraus



Lou wrote:

I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou


Jon is correct and this goes for motor homes, boats, and any big ticket
item. It is better to rent than own. However, on that day after two
weeks of lousy weather, YOU can go to the hangar and pull out YOUR
airplane and not be told by the FBO that all the planes are out til
9:00PM tonight.

I have had my Skyhawk for 10 years and I paid cash and it is a cheaper
plane than a Mooney, but this is all relative to you disposable cash. I
do owner assisted annuals and that saves. I did have to change out the
O-360 4 years ago and had to get a loan for that (no reserve planning).

My kids are out of college and on their own and I have no college
expenses from that. House is almost paid for and we both work. However,
I am getting close to retirement and my thinking may change. I may try
to get a partner or just sell. What I need is a workaholic partner that
pays the money but does not have time to fly.

--

Regards, Ross
C-172F 180HP
KSWI
 




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