Owning more expensive than renting

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