Owning more expensive than renting

Well I have only been an airplane owner for a few months but so far
owning is more expensive than renting. I must say that the convenience
of having your own airplane to go to when ever you want is worth a few
bucks. Has anyone found owning more expensive than renting? :-)

Jon Kraus
PP-ASEL-IA
Student Mooney Owner

Well I have only been an airplane owner for a few months but so far owning
is more expensive than renting. I must say that the convenience of having
your own airplane to go to when ever you want is worth a few bucks. Has
anyone found owning more expensive than renting? :-)

Owning is always more expensive than renting, until you get to a high number
of hours flown annually.

The old "100 hours per year break-even point" is about right -- until you do
a major interior upgrade, or replace a cylinder. Than *poof* -- renting
looks mighty fine. I'd bet the "real" break-even point (over time) is
closer to 150 hours per year.

But you're right -- owning is worth every penny.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"Jon Kraus" wrote in message
...
I must say that the convenience
of having your own airplane to go to when ever you want is worth a few
bucks.

I find walking out to a rental airplane that someone else has already
washed, fueled, fixed, annualed, etc. etc. etc. pretty damn convenient. There
are two sides to every story.

That said, I envy owners and hope to be one some day.


Vaughn

I carry my aircraft keys in my pocket. My headsets are in the plane,
plugged in. My logbook is in the plane. My charts are right where I
need them, in their special place, in the plane. My sunglasses are
tucked away into their place, in the plane. If I feel like it, I drive
out to the airport, push it out of the hangar and away I fly! I don't
have to ask anyone's permission, sign any forms or any of that rental
stuff. It's about FREEDOM!!!!!

I'm in a flying club, which is the best (worst) of both worlds...cheaper
than renting with good availabilty for trips. An those multi-thousand
dollar gotcha's are shared with the rest of the membership.

Of course owning is more expensive, but you didn't buy a plane to save
money, did you?


"Jon Kraus" wrote in message
...
Well I have only been an airplane owner for a few months but so far
owning is more expensive than renting. I must say that the convenience
of having your own airplane to go to when ever you want is worth a few
bucks. Has anyone found owning more expensive than renting? :-)

Jon Kraus
PP-ASEL-IA
Student Mooney Owner

"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

"Doug" wrote:
I carry my aircraft keys in my pocket. My headsets are in the plane,
plugged in. My logbook is in the plane. My charts are right where I
need them, in their special place, in the plane. My sunglasses are
tucked away into their place, in the plane. If I feel like it, I drive
out to the airport, push it out of the hangar and away I fly! I don't
have to ask anyone's permission, sign any forms or any of that rental
stuff. It's about FREEDOM!!!!!

You're dam' right.

Owning is expensive and comes with headaches renters don't get, but it's
well worth it, IMO.
--
Dan
C172RG at BFM

a study at one time showed that the break even point for most light
singles.. was closer to 400 hours per year

Fixed costs per hour get reduce with more hours flown, insurance,
hanger/tiedown, financing (financing also includes cost of $ lost if not
invested elsewhere).

Variable costs, fuel, engine maint fund, oil, replaceable items like tires
etc, does not necessarily vary with additional hours flown.

BT

"Jay Honeck" wrote in message
news:ODWwd.591568$D%.397211@attbi_s51...
Well I have only been an airplane owner for a few months but so far
owning is more expensive than renting. I must say that the convenience of
having your own airplane to go to when ever you want is worth a few
bucks. Has anyone found owning more expensive than renting? :-)

Owning is always more expensive than renting, until you get to a high
number of hours flown annually.

The old "100 hours per year break-even point" is about right -- until you
do a major interior upgrade, or replace a cylinder. Than *poof* --
renting looks mighty fine. I'd bet the "real" break-even point (over
time) is closer to 150 hours per year.

But you're right -- owning is worth every penny.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Renting an airplane is like renting sex:

1. It's harder to get what you want at short notice on Saturday

2. The fun things always cost more.

3. Someone's always looking at their watch.

Ron Wanttaja

Dan,
Factor this in. The FBO I fly from at KRYY has two Cutlasses. Wet rate is
$109 an hour. It brings it a little closer to your costs!
--
Chris Ehlbeck, PP-ASEL
"It's a license to learn, have fun and buy really expensive hamburgers."

"Dan Luke" wrote in message
...

"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