Cost of ownership????

On Mar 21, 1:42 pm, Jon Kraus wrote:
Lou,

It varies tremendously but the one constant is that airplane ownership
is EXPENSIVE when compared against renting. That is unless you fly 200
hours a year (most pilots average 50-75 hours a year).

I don't know about other folks but I have owned for only 3 years so I
don't have much experience but here is what I found.

For a 2 way partnership in a 100k Mooney it costs me about 1000 a month
to fly 5 hours a month. This includes all my fixed costs of $575 (plane
note, hanger rent, XM weather subscription and insurance). We charge
ourselves $85 per tach hour wet. This includes engine reserve, fuel and
some cash put back for annual inspection expenses.

Our first 3 annual's averaged $5000. We have had several times in the
last 3 years where we have had to shell out $1000 here and $1000 there
for things that broke. We like to keep the plane squawk-free so this
could have been cheaper.

Here is the sad part. For me I have come to the realization that I don't
want to shell out this much cash for flying anymore and am offering my
partner the buy-out deal of a lifetime. I am going back to renting but
will probably take a break from flying all together.

Good luck with whatever you do but realize that it will cost you a LOT
more money to own than to rent. That is just a plain and simple fact.

Jon Kraus



Lou wrote:
I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou- Hide quoted text -

- Show quoted text -

Its true that owning almost always costs more than renting. However,
the benefit of owning is having a plane set up the way you want it.
There are a lot of reasons to own a plane but none of them are
financial.
-Robert