Thread: Sell the plane?
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  #9  
Old March 14th 05, 01:27 PM
Nathan Young
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On 12 Mar 2005 16:56:38 -0800, "Jim Rosinski"
wrote:

Recently a few of the regulars on this forum have for various reasons
sold their planes. Well, it looks like I'm about to join them. I've
been offered a job in Maui, and am likely to accept.


Congrats, definitely an agreeable location to work!

If you are not going to bring the plane to Maui with you, I would sell
it.

The costs of having a plane sit idle are pretty high.
-Cost to pickle (minimal)
-Insurance
-Hangar
-Loss of investment income from the idle asset.

Adding these up could easily be $5k year. When you return, it should
be easy to find a similarily equipped 172.

-Nathan