buy or rent a 2006 182

Since it looks very much like I will be sans airplane in a week or so, I've
been kicking around options for future flying.

My general bad feeling about owning an airplane in Mobile notwithstanding,
there's still a chance I could buy another airplane if renting a 2006 Cessna
182T from the local flight school doesn't work out. So I ran a few numbers
to see how buying and renting the same model airplane would compare, based on
costs here in Mobile:


o Rent

100 hrs/yr @ $190/hr. $19,000
Renter's ins., $1M smooth $3,185 (?)

Total $22,185





o Buy slightly used '06 182T, fly 100 hrs/yr

Engine overhaul setaside @ $12.50/hr $1,300
Fuel, 13gph @ $4.85/gal $6,305
Shelter @ $180/mo. $2,160
Insurance, $1M smooth $3,185
Annual (during warranty) $750
Oil & Filters $100
Cost of money @ 6% on $310K + tax $20,460

Total $34,260




--
Dan
? at BFM

("Dan Luke" wrote)
o Buy slightly used '06 182T, fly 100 hrs/yr

Engine overhaul setaside @ $12.50/hr $1,300
Fuel, 13gph @ $4.85/gal $6,305
Shelter @ $180/mo. $2,160
Insurance, $1M smooth $3,185
Annual (during warranty) $750
Oil & Filters $100
Cost of money @ 6% on $310K + tax $20,460

Total $34,260


Not sure what your mission is, but:

http://www.ionaircraft.com/
Have considered the ION? g

I just got a call from Steve, he'd like some help this afternoon. Taxi
testing - with canopy on this time, etc.

Here's some FunFacts:
---------------------------------------------

1. 99 inch canopy ..... The view will be unmatched!

2. Jabiru 3300 .......... 1/3 the fuel burn of the 182 :-)

3. Airspeed(?) .......... Flight tests later this spring

4. Cockpit noise ...... In theory (until flight tests can verify this) we
think it will be relatively quite.

5. Pricing (?) ............. Not sure if that's a pre-OSH or a post-OSH
decision?

6. Removable wings!!

7. Chick magnet? Um, sure. The goal is to fly well and look cool doing it.
It's designed to be a fun AND capable plane.

8. Quick build times and AFFORDABLE!! Two bedrock principles at ION. (My
words, but also, my observations.)
--------------------------------------------------------------------------
When you order one, it will arrive in your driveway as a primered fuselage
with the outside length (run) of each boom needing attaching/sanding the
joint/etc. The elevator tail section will require a similar 'sectioned
piece' to be mated to the rest of the empennage. Cables and pulleys will
have access panels - for you to get in there and do that.

The NEW 120 hp engine will come pre-tested from Jabiru.

The canopy will come from one of the leading canopy makers in the country -
to your driveway.

Same with the landing gear.

Same with the (removable) wings - like a quick build kit from Vans. :-)

51% rule?

Yes! There's still plenty to do even after all the components are delivered
to you.

On the flip side, the jigging has been done for you - in the form of a
delivered fuselage. (Have I mentioned it will be primer'd?)

Options:
---------------------
Canopy tinting
Seat choice
Avionics
You'll paint the fuselage.
Wings polished, or painted?

It's a homebuilt - it's yours do equip as you see fit. Basically, get as
fancy as you want.

I'd like us to play "customer" on ION #2, after OSH, to see how long one
will (really) take to ...assemble.

That'll be up to Steve. g


Montblack
I'm off to ION World Headquarters for the afternoon ....or as Steve calls
it, the left side of Al's hangar.

Dan Luke wrote:
Renter's ins., $1M smooth $3,185 (?)

I only pay about $750/year with AVEMCO for $1M renters insurance.

On May 25, 11:08 am, "Dan Luke" wrote:
Since it looks very much like I will be sans airplane in a week or so, I've
been kicking around options for future flying.

My general bad feeling about owning an airplane in Mobile notwithstanding,
there's still a chance I could buy another airplane if renting a 2006 Cessna
182T from the local flight school doesn't work out. So I ran a few numbers
to see how buying and renting the same model airplane would compare, based on
costs here in Mobile:

o Rent

100 hrs/yr @ $190/hr. $19,000
Renter's ins., $1M smooth $3,185 (?)

Total $22,185

o Buy slightly used '06 182T, fly 100 hrs/yr

Engine overhaul setaside @ $12.50/hr $1,300
Fuel, 13gph @ $4.85/gal $6,305
Shelter @ $180/mo. $2,160
Insurance, $1M smooth $3,185
Annual (during warranty) $750
Oil & Filters $100
Cost of money @ 6% on $310K + tax $20,460

Total $34,260

--
Dan
? at BFM


Unless you find a way to use it as a tax write-off, generally at 100hr
flight time per year its less expensive to rent than to own. Renters
insurance shouldn't cost you more than $2000.

"john smith" wrote:

Dan Luke wrote:
Renter's ins., $1M smooth $3,185 (?)

I only pay about $750/year with AVEMCO for $1M renters insurance.

What hull value does that cover?

--
Dan
? at BFM

"Dan Luke" wrote in message
...


o Rent

Renter's ins., $1M smooth $3,185 (?)

Total $22,185

Yes but what amount of hull is covered at that cost? Last I checked, you
can't even buy enough renter's hull insurance to cover half of the value of that
plane. I don't understand why people rent expensive planes when they can't
insure themselves.

One thing to consider is that with an aircraft you own, you'll have equity.
Depending on the term of your loan and the speed at which the aircraft
depreciates, that equity could be positive or negative (aarg)..

Beyond the equity issue, there is something to be said for being able to
schedule the aircraft at your convenience and for the ability to maintain
and upgrade the aircraft to your standards.

KB


"Dan Luke" wrote in message
...
Since it looks very much like I will be sans airplane in a week or so,
I've been kicking around options for future flying.

My general bad feeling about owning an airplane in Mobile notwithstanding,
there's still a chance I could buy another airplane if renting a 2006
Cessna 182T from the local flight school doesn't work out. So I ran a few
numbers to see how buying and renting the same model airplane would
compare, based on costs here in Mobile:


o Rent

100 hrs/yr @ $190/hr. $19,000
Renter's ins., $1M smooth $3,185 (?)

Total $22,185





o Buy slightly used '06 182T, fly 100 hrs/yr

Engine overhaul setaside @ $12.50/hr $1,300
Fuel, 13gph @ $4.85/gal $6,305
Shelter @ $180/mo. $2,160
Insurance, $1M smooth $3,185
Annual (during warranty) $750
Oil & Filters $100
Cost of money @ 6% on $310K + tax $20,460

Total $34,260




--
Dan
? at BFM

On 25 May 2007 12:52:27 -0700, Deadstick wrote:


Unless you find a way to use it as a tax write-off, generally at 100hr
flight time per year its less expensive to rent than to own.

Unless you can find the right partnership.

"Kyle Boatright" wrote:


Beyond the equity issue, there is something to be said for being able to
schedule the aircraft at your convenience and for the ability to maintain
and upgrade the aircraft to your standards.


Roger that.


I've owned '87D for seven years. I don't know if I'll be able to stand going
back to renting. We'll see.

--
Dan
? at BFM

"Montblack" wrote:

Not sure what your mission is, but:

http://www.ionaircraft.com/
Have considered the ION? g


Cool looking bird, but I need a long range IFR cruiser.

--
Dan
? at BFM