If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Aircraft Ownership Spreadsheet
Hi,
Dreaming about owning a acft. Looking at 70s something Warrior II with 3 to 4 others. I've had a quick look on the web, but couldn't find anything that suits. Does anyone have a comprehensive spreadsheet for calculating ownership costs, you know where you put in fuel, hangarage, engine reserve, maint reserve, upgrade reserve, insurance etc etc so I can get a feel for the rtue operating costs. Here in OZ (YSCB - the nation's capital) the cheapest (and only aircraft hired by other than Brindabella Airlines - expensive and opressive currency requirements, but they are the only game in town) is a C172N hired by Canberra Aeroclub at $167/hr wet. All the other flight schools/hiring establishments have closed down, so much for the future of GA. This acft is being sold so that the club can leaseback one or two LSA type aircraft at a cheaper rate (we'll see). The next available aircraft is at YGLB which is a round trip of almost 3 hours ($160 for a Warrior II). It makes an hour of circuits into an almost 5 hour excursion It is now looking like owning your own aircraft might actually be a better option than hiring. Any help appreciated. Cheers, Kevin |
#2
|
|||
|
|||
Aircraft Ownership Spreadsheet
I found Geza Szuurovy's book "Aircraft Partnerships" to have some great
info. on the cost breakdown for ownership as well as ideas for partnerships. There is also a spreadsheet in the book...would require manual entry but it's not all that difficult to do Good luck in the search Kevin. There's nothing like having your own (share of a co-owned) plane. -- Jack Allison PP-ASEL-Instrument Airplane "To become a Jedi knight, you must master a single force. To become a private pilot you must strive to master four of them" - Rod Machado (Remove the obvious from address to reply via e-mail) |
#3
|
|||
|
|||
Aircraft Ownership Spreadsheet
Jack Allison wrote in
: Good luck in the search Kevin. There's nothing like having your own (share of a co-owned) plane. I will second Jack's opinion above. There is no price on the pride of owning your own airplane. As far as cost, I *think* the first evaluation would be your flying habits. If you fly 100 hours a year, that's a cost of 10K in rental. Just like a house, would you rather put that money into somebody elses pocket or would you rather have the 10K shows something tangible? If you only fly 50 hours a year, then it may not pay to own your own bird since it would be a diservice to the airplane as it needs to be airborn to keep parts lubricated and running up to speed (literally and figuratively). Your maintenance cost would POTENTIALLY increase due to parts failing faster from lack of lubrication / usage. (don't ask, been there and done it on buying an underused plane). You would probably be spending the 10K a year on something anyway, so why not on an airplane? And you have something to show for it. For what it's worth, my CFI says based on his experience (20K hours of flying) that 125 hours a year is where the break even point is from owning vs renting a C172. That figure does vary by type and make of airplane, so a C152, he said 100 hours would be more appropriate depending on the quality of plane you get. I fly no less then once a week, unless the plane is down for some major part repair (engine overhaul) or upgrade (avionic upgrade). Allen |
#4
|
|||
|
|||
Aircraft Ownership Spreadsheet
Here are the ownership items.
FIXED COSTS Hangar or tiedown Insurance Annual HOURLY COSTS Fuel Oil Maintenance (the big questionmark) Engine and airframe and other reserves If you look at what planes rent for, you will find a ballpark figure. It's actually hard to beat rental costs unless you fly quite a few hours per year. What you end up with are the fixed costs plus an hourly cost, so you see, the more hours you put on it, the less it costs, per hour. I have left out aquisition costs, depreciation, taxes and interest rates. And those are signifigant also. |
#5
|
|||
|
|||
Aircraft Ownership Spreadsheet
On 2006-11-05, KevinBlack wrote:
I've had a quick look on the web, but couldn't find anything that suits. Did you find my page? http://www.ben.com/flying/costown.html Here in OZ (YSCB - the nation's capital) My defaults are all in US$, so you'll probably have to fill in every box with new values. -- Ben Jackson AD7GD http://www.ben.com/ |
#6
|
|||
|
|||
Aircraft Ownership Spreadsheet
"KevinBlack" wrote in message ... Hi, Dreaming about owning a acft. Looking at 70s something Warrior II with 3 to 4 others. I've had a quick look on the web, but couldn't find anything that suits. Does anyone have a comprehensive spreadsheet for calculating ownership costs, you know where you put in fuel, hangarage, engine reserve, maint reserve, upgrade reserve, insurance etc etc so I can get a feel for the rtue operating costs. Here in OZ (YSCB - the nation's capital) the cheapest (and only aircraft hired by other than Brindabella Airlines - expensive and opressive currency requirements, but they are the only game in town) is a C172N hired by Canberra Aeroclub at $167/hr wet. All the other flight schools/hiring establishments have closed down, so much for the future of GA. This acft is being sold so that the club can leaseback one or two LSA type aircraft at a cheaper rate (we'll see). The next available aircraft is at YGLB which is a round trip of almost 3 hours ($160 for a Warrior II). It makes an hour of circuits into an almost 5 hour excursion It is now looking like owning your own aircraft might actually be a better option than hiring. Any help appreciated. Cheers, Kevin I get a lot of phone calls from your area of Australia mostly people are looking to purchase larger aircraft such as 182 & 210 on the piper side Cherokee Six etc. |
#7
|
|||
|
|||
Aircraft Ownership Spreadsheet
Ben,
No didn't find it during the google, but have had a look now, very useful... Thanks very much, Kevin "Ben Jackson" wrote in message ... On 2006-11-05, KevinBlack wrote: I've had a quick look on the web, but couldn't find anything that suits. Did you find my page? http://www.ben.com/flying/costown.html Here in OZ (YSCB - the nation's capital) My defaults are all in US$, so you'll probably have to fill in every box with new values. -- Ben Jackson AD7GD http://www.ben.com/ |
#8
|
|||
|
|||
Aircraft Ownership Spreadsheet
Thanks to all who have responded, I'll use the info to come up with
something that tells me how much this adventure islikely to cost. Whilst I understand the real joy of owning an aircraft is being able to jump in and fly whenever you want, it really is a financial issue here with only one flight school/hiring agency other than the club (with a single C172N) within a 90 minute drive. Thanks, Kevin "KevinBlack" wrote in message ... Hi, Dreaming about owning a acft. Looking at 70s something Warrior II with 3 to 4 others. I've had a quick look on the web, but couldn't find anything that suits. Does anyone have a comprehensive spreadsheet for calculating ownership costs, you know where you put in fuel, hangarage, engine reserve, maint reserve, upgrade reserve, insurance etc etc so I can get a feel for the rtue operating costs. Here in OZ (YSCB - the nation's capital) the cheapest (and only aircraft hired by other than Brindabella Airlines - expensive and opressive currency requirements, but they are the only game in town) is a C172N hired by Canberra Aeroclub at $167/hr wet. All the other flight schools/hiring establishments have closed down, so much for the future of GA. This acft is being sold so that the club can leaseback one or two LSA type aircraft at a cheaper rate (we'll see). The next available aircraft is at YGLB which is a round trip of almost 3 hours ($160 for a Warrior II). It makes an hour of circuits into an almost 5 hour excursion It is now looking like owning your own aircraft might actually be a better option than hiring. Any help appreciated. Cheers, Kevin |
#9
|
|||
|
|||
Aircraft Ownership Spreadsheet
Be aware that ownership will likely cost you significantly more than
you project before buying. Regards, Jerry |
#10
|
|||
|
|||
Aircraft Ownership Spreadsheet
Don't forget your interest costs, assuming you will borrow the money. Even if you pay cash, you lose the investment income. Many buyers end up spending extra amounts on the first inspection because of items that have been neglected. Allow 10% of the purchase price for this. I can't over-emphasize the value of a very thorough inspection by someone familiar with the breed and no financial interest in the outcome. Insurance is significant: you'll need to get a quote on that. There is seldom an economic reason to own an airplane, but there is something wonderful about owning one and flying it for the cost of the fuel. |
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
UAV's and TFR's along the Mexico boarder | John Doe | Piloting | 145 | March 31st 06 06:58 PM |
I want to build the most EVIL plane EVER !!! | Eliot Coweye | Home Built | 237 | February 13th 06 03:55 AM |
Most reliable homebuilt helicopter? | tom pettit | Home Built | 35 | September 29th 05 02:24 PM |
Homebuilt Aircraft Frequently Asked Questions (FAQ) | Ron Wanttaja | Home Built | 0 | April 5th 04 03:04 PM |
Homebuilt Aircraft Frequently-Asked Questions (FAQ) | Ron Wanttaja | Home Built | 0 | July 4th 03 04:50 PM |