Rent vs. Own

On Mon, 11 Feb 2008 23:05:20 -0500, "Frank" wrote:

Since this is an aircraft owners newsgroup, that means it's the perfect place to ask about the costs associated with owning an airplane vs. renting.

Since I haven't started my private pilot lessons, I'm not familiar with all of the expenses associated with owning an aircraft. I have listed below a brief list of likely expenses (I think) and I asking for feedback on it.

I do understand that costs for each item can vary greatly from place to place and according to many factors, but I think this is a good start. I am imagining the purchase of a Cessna 172 with a couple of private pilot buddies and I came up with this:

1) Storage (what is the price difference between hangar and tie down?)
2) Insurance for plane
3) Normal service for plane (how often does the plane have to be serviced...and approximately how much?)
4) Repairs (I understand this is unpredictable...is their an annual "average" cost for problems?)

Can you give me a basic idea?

Costs vary all over the country.

At KASH, a tiedown might be $400-$600/year, depending on amenities
(dirt/paved/electricity at tiedown are the variables) vs. $450-$750/month
for hangar space.

At KEPM, a tiedown is free, and if you want a hangar you can build one g!

Maintenance costs vary all over the place, even with the same a/c. I just
had a "no complications" annual on my Mooney (more complicated than a C172)
which was $7,000 (with no deferred items). But one year I needed to have
an engine overhaul (crack in the case) and that added about $18,000 to the
bill.

Probably flying somewhere between 150-200 hrs/year will be the breakeven
point financially for ownership/renting. But there is something very
satisfying about knowing you are the only one flying the a/c; being able to
leave "stuff" in it; having everything in the airplane the same as when you
left it, etc.
--ron

I have a Warrior which is similar in many respects to a Cessna 172. I live
in the NY Metro area so adjust your estimates for your local area
accordingly

1) Storage (what is the price difference between hangar and tie down?)
Tiedown for me is $105/month going to $140 soon. Hangars have a 9-year
waiting list at $550/month (no heat or electricity)

2) Insurance for plane
About $1300 smooth and $950 with limits

3) Normal service for plane (how often does the plane have to be
serviced...and approximately how much?)
Annual is about $1200 including minor fixes

4) Repairs (I understand this is unpredictable...is their an annual
"average" cost for problems?)
I wind up spending under $1000 a year sometimes more sometimes less.

I have a spreadsheet that can calculate the hourly costs with adjustments
for multiple partners. I can email it to you if you're interested. However,
be aware that the results may be eye-opening.

Marco



"Frank" wrote in message
. ..
Since this is an aircraft owners newsgroup, that means it's the perfect
place to ask about the costs associated with owning an airplane vs. renting.

Since I haven't started my private pilot lessons, I'm not familiar with all
of the expenses associated with owning an aircraft. I have listed below a
brief list of likely expenses (I think) and I asking for feedback on it.

I do understand that costs for each item can vary greatly from place to
place and according to many factors, but I think this is a good start. I am
imagining the purchase of a Cessna 172 with a couple of private pilot
buddies and I came up with this:

1) Storage (what is the price difference between hangar and tie down?)
2) Insurance for plane
3) Normal service for plane (how often does the plane have to be
serviced...and approximately how much?)
4) Repairs (I understand this is unpredictable...is their an annual
"average" cost for problems?)

Can you give me a basic idea?

"Frank" wrote in message . ..
If it flies, floats, or ****s; it's always cheaper to rent than to buy

"John Kunkel" wrote in message
...

If it flies, floats, or ****s; it's always cheaper to rent than to buy

Actually, with a total of two partners in my Warrior flying at 50 hour/year
each, it works out to be cheaper to own than to rent. And not by a small
amount either--about $30/hour cheaper.

Marco

Marco Leon wrote:
"John Kunkel" wrote in message
...

If it flies, floats, or ****s; it's always cheaper to rent than to buy

Actually, with a total of two partners in my Warrior flying at 50 hour/year
each, it works out to be cheaper to own than to rent. And not by a small
amount either--about $30/hour cheaper.

Marco



The same would be true for boats and women as well.

Gig 601XL Builder wrote:
Marco Leon wrote:
"John Kunkel" wrote in message
...

If it flies, floats, or ****s; it's always cheaper to rent than to buy

Actually, with a total of two partners in my Warrior flying at 50
hour/year each, it works out to be cheaper to own than to rent. And
not by a small amount either--about $30/hour cheaper.

Marco



The same would be true for boats and women as well.


Women cost the same no matter how many guys are involved. G

I usually do this for my math class but haven't taught math for a while so
lets see if I can do this from memory.

Women cost you time and money, or in mathematical form:

Woman = time * money

But we know that time is money, so time = money

Thus

Woman = money * money

Or

Woman = money ^ 2

But we know that money is the root of all evil, so

money = sqrt (evil)

So

Woman = sqrt (evil) ^2

Proving what we all know that

Woman = evil





Women cost the same no matter how many guys are involved. G

On Feb 12, 12:01*pm, "Marco Leon"
wrote:
"John Kunkel" wrote in message

...

If it flies, floats, or ****s; it's always cheaper to rent than to buy

Actually, with a total of two partners in my Warrior flying at 50 hour/year
each, it works out to be cheaper to own than to rent. And not by a small
amount either--about $30/hour cheaper.

How long have you been in the partnership? After that first $10,000
annual things start to look different.

-Robert

"Robert M. Gary" wrote in message
...
On Feb 12, 12:01 pm, "Marco Leon"

Actually, with a total of two partners in my Warrior flying at 50
hour/year
each, it works out to be cheaper to own than to rent. And not by a small
amount either--about $30/hour cheaper.

How long have you been in the partnership? After that first $10,000
annual things start to look different.

I was in the plane by myself in the beginning so I footed the $4K initial
annual. I've been in the partnership for about six years.

Marco

On Tue, 12 Feb 2008 15:01:43 -0500, Marco Leon wrote:

"John Kunkel" wrote in message
...

If it flies, floats, or ****s; it's always cheaper to rent than to buy

Actually, with a total of two partners in my Warrior flying at 50 hour/year
each, it works out to be cheaper to own than to rent. And not by a small
amount either--about $30/hour cheaper.

Marco

http://www.dauntless-soft.com/produc...ntingVSOwning/
--
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