Am I right in assuming you have included the purchase price in this
calculation? If so, you should probably deduct the resale value to come up
with a realistic cost of ownership.


Yes, I included the acquisition costs, and I agree that I left off the equity
of the airplane. I was really trying to show how much out of my pocket cash it
cost me to own/fly this plane. Of course, if I sell it, I would deduct
whatever I get from the final cost/hr analysis. But that isn't in the cards
(for the moment).




"Rosspilot" wrote in message
...
This is just one man's numbers, but they are real world and may be of
interest.
I am particularly anal about my aircraft expenses . . . every nickel
spent on
flying (including buying toys and gadgetry, charts,, landing fees, fuel,
WHATEVER) is kept in an Access database. There are the following
catagories:

Parking (tie-downs, landing fees, ramp fees), Fuel, Insurance, Maint
(includes
all inspections, repairs (including a $13,000 engine repair in 99),
servicing,
gadgetry, new paint and glass, Strikefinder, etc), and Acquisition
(purchase
price plus title search and other adminstrative fees paid).

Since purchasing this plane (May 98) I have flown her 775 hrs, and spent
$101,
560 to do it. That's $131.00 / hr to own and fly this airplane.

With all the joy and convenience of ownership, and a wet rental '67 172
at a
nearby FBO (not nearly as well-equipped as mine) at $90/hr, it's a good
deal
even without the business/tax implications.

www.Rosspilot.com