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Old December 18th 04, 04:37 PM
Dan Luke
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"Jon Kraus" wrote:
Has anyone found owning more expensive than renting? :-)


I've flown 135 hours this year. At $75/hr. wet, it would have cost me
$10,125+ $18/month dues to fly the local club's 172 that much.

Flying my 172RG cost me:

gas - (135*10gph*$3/gal) $4050
oil & filters - $160
sheltered tiedown - $2160
insurance - $1,500
engine o'haul setaside - $1,105
annual insp. - $750
repairs - $1,400
taxes - $490
capital opportunity cost @ 5% - $4000

Total: $15,615 or about $116/hour.

So the answer is "yes" in my case. Not really apples-to-apples, since
the Cutlass is a retractable with a cs prop and 20 more hp. and is 20
kts faster than the Skyhawk, but I doubt I could own as cheaply as
renting if my airplane was identical to the club's.
--
Dan
C172RG at BFM