I Want My Own Bird

In addition to reading the replys that you generate here - do a Google
search. This question is asked every month - there is a lot of
information already posted.

HTH

--

Tony Roberts
PP-ASEL
VFR OTT
Night
Cessna 172H C-GICE

Tony
In article ,
"Yeah_right" wrote:

I really want to make a good decision on this so, I'm giving myself plenty
of time, two years, to get my ducks lined up. I've want either an Archer or
an Arrow with an IFR package.

I've started looking at and pricing hanger space at selected airports in the
Houston area where it'll be based. DWH prices it at $250 a month. Haven't
had a chance to look anywhere else as yet.

I guess what I'm looking for from the board is a breakdown on how much some
of you are paying for loans, insurance, tie-down and upkeep on planes with
similar packages.

Just some financial facts please. Other than the fun factor and the
knowledge that I'll have my own bird to fly whenever I please, I know the
cost of owning a plane is next to impossible to justify.

But I'm a recent empty nester, my source and income is stable, reliable, and
on the increase. I'm fairly young, late 30's, and feel lthat I've paid my
dues to my kid and now it's time I spoil myself.

My insurance is $1900/yr

??

That's more than Mary and I pay, combined!

What kind of insurance are you carrying?
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

In article 9nw9d.211861$D%.54175@attbi_s51, "Jay Honeck"
wrote:

My insurance is $1900/yr

??

That's more than Mary and I pay, combined!

What kind of insurance are you carrying?

Remember that it's a Comanche 250 that he only bought in April.
He probably doesn't have a lot of time in the make/model.

--
Bob Noel
Seen on Kerry's campaign airplane: "the real deal"
oh yeah baby.

Bob Noel wrote in news:ihatessppaamm-
:

In article 9nw9d.211861$D%.54175@attbi_s51, "Jay Honeck"
wrote:

My insurance is $1900/yr

??

That's more than Mary and I pay, combined!

What kind of insurance are you carrying?

Remember that it's a Comanche 250 that he only bought in April.
He probably doesn't have a lot of time in the make/model.


And retracts cost much more to insure then fixed-gear birds.

I think you will find the place has changed a lot.



"Yeah_right" wrote in message
...
Great idea.

Actually, I did my primary training there when it was ran by a lady named
Alice under the banner National Aviation. I think the new owner's name is
Michael. They have a website. It's http://www.nationalaviation.com/ .
I
went there for Alice's celebratory retirement party where they fed a bunch
of pilots who patronized the business.

Though a little rough around the edges, it at least seemed to be a
bustling
place when I was training there, at least that's what I perceived through
the naive starstruck aviation eyes I had at the time 6 years ago.

They don't know it yet, but they're about to get a lot of money from me in
a
big way as I plan on going back there pretty soon to work on my IRF,
commercial, and multi engine tickets. The last time I was there, they had
a
Seneca in the hanger my mouth was watering over.


"Dude" wrote in message
...
Do yourself a favor, go talk to the new owner at High Tech aviation.

I flew into Hooks after more than a year when I met him. He has done the
hugest 180 on a FBO I have ever seen - from dust bunnies to busy bodies.
I
don't know how long it took him, but the place is totally different.

Tell him what you are thinking about doing. He knows a lot about pipers,
as
he owns a few. In the meantime, you can rent from him too. His insurance
will be much more, but since you will be nicer to your plane than his
renters, his maintenance costs will be a conservative figure for you. I
assume he gets the planes serviced at the hangar next to him, so you can
find out if that guy is a good AP.

And figure that you will pay much more for fuel when you are not at
Hooks.
That place is dirt cheap (besides the resturaunt, that is why I stopped
there).

The posters so far have been about right for budgeting, especially the
rainy
day fund.

Two years from now, it could all change.

Engine overhaul. An overhauled O-360 will cost close to $20k
installed, with a TBO of 2000 hrs, so this is $10/hr. Even if you do
not save an overhaul resever, your plane will depreciate at roughly
half this value ($5/hr) because of the increased engine time.


Although the rest looked good, I gotta disagree here.

it will depreciate for about 8 or 9 per hour over all due to engine time.
Near the beginning and near the end it can get more complicated, but in the
middle its at least 8 per hour.

Engine overhaul. An overhauled O-360 will cost close to $20k
installed, with a TBO of 2000 hrs, so this is $10/hr. Even if you do
not save an overhaul resever, your plane will depreciate at roughly
half this value ($5/hr) because of the increased engine time.

And this is where you see a large difference for you Lyc boys. Lyc
prices are ridiculous. I can have my O-470 overhauled and reinstalled
for closer to $15K. I will be turning my 470 into a 520 and it will
still be less than $20K installed.

Dude wrote:

Engine overhaul. An overhauled O-360 will cost close to $20k
installed, with a TBO of 2000 hrs, so this is $10/hr. Even if you do
not save an overhaul resever, your plane will depreciate at roughly
half this value ($5/hr) because of the increased engine time.



Although the rest looked good, I gotta disagree here.

it will depreciate for about 8 or 9 per hour over all due to engine time.
Near the beginning and near the end it can get more complicated, but in the
middle its at least 8 per hour.

According to AOPA's VREF service, a 1976 Archer II would depreciate at
the rate of $6.75/hr on the engine and $1.52/hr on the airframe

The actual premium was $1885 (I just rounded it up) The PA24-250
is a high performance retract which will generally cost more than
a fixed gear airplane. When I bought it I had 50 hours retract
time and 0 hours in type. I now have 50 hours in the plane and
a multi-engine rating added since then too so I'm hoping it may
go down a bit.

Actually though, I'll be happy if it just doesn't go up. :^)

John Theune wrote:
Bob Noel wrote in news:ihatessppaamm-
:


In article 9nw9d.211861$D%.54175@attbi_s51, "Jay Honeck"
wrote:


My insurance is $1900/yr

??

That's more than Mary and I pay, combined!

What kind of insurance are you carrying?

Remember that it's a Comanche 250 that he only bought in April.
He probably doesn't have a lot of time in the make/model.



And retracts cost much more to insure then fixed-gear birds.

Yea... those overhaul costs just totally suck.. I'm rebuilding the first
of 3 Mazda rotary 13B engine cores I obtained for $700 batch cost. I've
spent maybe $500 in tools that I didn't already possess.. The first
engine has minimal wear (I've mic'd all the clearances) and all the
major components will be reuseable. I'm expecting an outlay of maybe
$1000 for new seals, gaskets, seal springs, oil pump chain... Another
$1000 for the ECU.. another $1000 for engine monitoring equipement. The
the radiators, peripherals and such should run under $1000 (no vacuum
needed, dual alt bird).. Another $3,000 for the gearbox/psru.

So.. my initial cost is going to be $7500 or so... and when rebuild time
comes again (whenever that may be... As long as compressions and temps
are good, keep on running...) I will have to spring for another $1000 in
springs/seals/gaskets.. Or start working on one of the other two
engines.. Oh yea... maybe $2,000 or less for the turbo assembly and
wastegate to mildly charge/normalize the engine, so that we get 200-250
hp max up to altitude.

Yea.. those engine rebuild costs just eat your lunch.
Dave (putting on asbestos suit)



Seriously, homebuilts aren't for everyone, and neither are
auto-conversions. Unless you are prepared to spend the time, money and
RISK troubleshooting a truly custom powerplant its best to stick with
tried and true. I would not even be attempting this if it were not for
the large base of knowledge and experience I've been able to tap in some
other venues with regards to this venture. I'm learning every day. But
when its over with, I am hoping to realize economies and performance on
a scale that would not be possible with the certified air cooled engines.


Newps wrote:



Engine overhaul. An overhauled O-360 will cost close to $20k
installed, with a TBO of 2000 hrs, so this is $10/hr. Even if you do
not save an overhaul resever, your plane will depreciate at roughly
half this value ($5/hr) because of the increased engine time.


And this is where you see a large difference for you Lyc boys. Lyc
prices are ridiculous. I can have my O-470 overhauled and reinstalled
for closer to $15K. I will be turning my 470 into a 520 and it will
still be less than $20K installed.