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Cost of ownership????



 
 
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  #41  
Old March 26th 07, 02:50 PM posted to rec.aviation.owning
Matt Barrow[_4_]
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Posts: 1,119
Default Cost of ownership????


"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Matt Barrow wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Marco Leon wrote:
You're welcome. FYI, I stopped using it because I didn't like what
it was telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

I had some how missed that site. Good work. I pluged in the numbers
based on 601XL I'm building and I break even at 26.9 hours/year.
That makes me very happy.

Do you use yours for business at all?


Yes, I'll be using it to travel for business some.

Are you allocating something, cost-wise, for your labor during the building
process?


  #42  
Old March 26th 07, 03:36 PM posted to rec.aviation.owning
Marco Leon
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Posts: 319
Default Cost of ownership????

"Lou" wrote in message news:
I've allways loved to hear that line. It makes me think of all the
people who buy a house and end up
in bankruptcy. I suppose these are the same people who didn't ask
either. Unless you have milions comming
out your ass, what kind of person wouldn't find out ahead of time what
the entire cost of somthing is ahead of
time? After all, who is dumb enough believe that they are just going
to make the payments without getting the maitenance cost? Oh thats
right, the person who didn't ask. It seems to me, if you have to ask,
your smart enough
to own it, not dumb enough to buy it and not be able to take care of
it. Plane or otherwise.


Lou's right. Owners may not be able to predict every dime they will spend
but they need to do at least a general assessment of the financial
requirements. Every book on ownership [rightly] says to do this. I remember
seriously thinking about getting a Lake Amphibian as my first airplane
because of visions of landing on the lake at my folks' house. I didn't have
to crunch too many numbers to get that idea outa my head.

Now I use my spreadsheet to plan for a possible upgrade in airframes. With
requirement of six seats, I know the approximate costs in buying and
maintaining a Saratoga or an 36-series Bonanza. I don't know when I'll be
able to jump into it, but at least I can be sure I won't jump into it too
early.

Marco





  #43  
Old March 26th 07, 04:14 PM posted to rec.aviation.owning
Gig 601XL Builder
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Posts: 2,317
Default Cost of ownership????

Matt Barrow wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Matt Barrow wrote:
"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Marco Leon wrote:
You're welcome. FYI, I stopped using it because I didn't like what
it was telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

I had some how missed that site. Good work. I pluged in the numbers
based on 601XL I'm building and I break even at 26.9 hours/year.
That makes me very happy.
Do you use yours for business at all?


Yes, I'll be using it to travel for business some.

Are you allocating something, cost-wise, for your labor during the
building process?


Not a dime. Unless soemthing happens to it during the build process before
first flight. In that case insurance will pay my $15/hr up to the insured
hull value.


  #44  
Old March 27th 07, 07:53 PM posted to rec.aviation.owning
john smith[_2_]
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Posts: 393
Default Cost of ownership????

In article ,
"Marco Leon" wrote:

With
requirement of six seats, I know the approximate costs in buying and
maintaining a Saratoga or an 36-series Bonanza.


Compare weight & balance on any aircraft you are considering.
Always calculate takeoff and landing C/G and compare.
  #45  
Old March 27th 07, 07:55 PM posted to rec.aviation.owning
john smith[_2_]
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Posts: 393
Default Cost of ownership????

Here is a slightly different answer, but just as relevant to the topic...

What is your marriage worth?

:-))
  #46  
Old March 29th 07, 12:06 AM posted to rec.aviation.owning
Jon Kraus
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Posts: 194
Default Cost of ownership????

RST Engineering wrote:

Having said that, you don't need a $100K Super Bugsmasher as your first
airplane. There are tens of thousands of elderly 150s, 172s, Cherokees, and
the like that may not have the sex appeal of a 200 knot bent-gear aircraft,
but they will not eat your pocketbook for lunch either.


I must say that I think you hit the nail on the head... My mistake was
getting the Super Bug Smasher as my first plane. Although I could easily
afford it, I found that I wasn't flying enough to justify the cost.

For my life situation I chose to get out of the ownership hassles (and
there are many) and persue other interests. Flying is a hobby of
extremes. At one end is the beauty and excitement of the flying
experience itself. At the other end is the extreme expense and endless
red-tape involved in even the simplest of repairs or upgrades.

And of course after you fork over many AMU's on a repair or upgrade you
hear the horror stories of some inept A & P that ****s up your plane and
there isn't a damn thing you can do about it, except pay the bill to fix
it that is.
  #47  
Old March 30th 07, 01:54 PM posted to rec.aviation.owning
Lou
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Posts: 403
Default Cost of ownership????

On Mar 27, 12:55 pm, john smith wrote:
Here is a slightly different answer, but just as relevant to the topic...

What is your marriage worth?

:-))



I prefer the plane.
Lou

 




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