Annual Cost of Ownership

"Tom Hyslip" wrote in message
. com...
I am considering purchasing a 2 or 4 seater. I can justify the cost of
the
plane, by the off set rental fees, but I am not sure how much I need to
budget for other fees, insurance, tie down, gas, parts, maintenance, etc.

I am looking to spend around 25k on the plane, nothing fancy, just
something
to build time in. If need be I will spend a little more to get something
that is IFR certified so I can work on my rating.

Any advice, experience with additional costs would be apprecitaed.

Thanks,
Tom



AOPA has a sheet on the costs of ownership, but nothing is better than
making the call to the local field to get prices for hangar/tie down, fuel,
and check to see if they can fix the model of plane you are planning to buy.
Annual maintenance costs are often found in owners groups but beware they
tend to discount the worst case scenarios. Also, they may know something
about the actual plane you are looking to buy (rare, but possible).

Call for insurance on the specific model based on your present skills.

You may be better off with a partnership or stepping up to a higher cost
plane. The cost of ownership can be much less in a 100k plane than a 25k
plane. Your mileage may vary.