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#11
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Before you worry about that too much, call your insurance broker. At
the moment I don't believe any of the insurance companies are writing new policies for instruction with less than 3 planes. (Ben Jackson) wrote in message news:BJFJb.49560$I07.154008@attbi_s53... Let's say someone (not me!!) is crazy enough to buy a Cessna 152 or 172 and instruct in it at a towered airport. What sort of ratio of Hobbs to tach time would you expect? The value (I've played with .85 up to 1.0) has a surprisingly large effect on how much you have to charge for the plane. |
#12
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Sure they are. A friend of mine called to find out about getting
insurance on her Cub for tailwheel trining. She can get it but it would be $9500. Robert M. Gary wrote: Before you worry about that too much, call your insurance broker. At the moment I don't believe any of the insurance companies are writing new policies for instruction with less than 3 planes. (Ben Jackson) wrote in message news:BJFJb.49560$I07.154008@attbi_s53... Let's say someone (not me!!) is crazy enough to buy a Cessna 152 or 172 and instruct in it at a towered airport. What sort of ratio of Hobbs to tach time would you expect? The value (I've played with .85 up to 1.0) has a surprisingly large effect on how much you have to charge for the plane. |
#13
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On Sun, 04 Jan 2004 00:22:11 +0000, Ben Jackson wrote:
For example, let's say it costs exactly $45/hr wet Tach to operate a Cessna 152. If you charge $45/hr wet Hobbs and the ratio is 1:1, you will never break even (pay your fixed costs of insurance, storage, and interest on the loan above and beyond hourly expenses). However if the ratio is .85 Tach hours per Hobbs hour, then you will get about $8/hr Others have said this and it's true, it varies depending on your location and can only be determined accurately for your situation. However, in my plane the difference is more like .1 per hour since my hangar is not that far from the runway and I don't spend time screwing around. In other words I'm not like a Bonanza guy I saw recently who spent 30 minutes warming up his engine prior to flight, I'll not comment beyond saying his ratio is going to be much larger than mine as will his operating expenses. Looking at the logs prior to my getting the plane, and it used to be based at a big airport the time difference was closer to .4 difference. He must have either spent a long time in line or had a long taxi. But, you're going about it the wrong way. If you have a hobbs meter you charge hobbs time and don't worry about the fact it will not be quite accurate because you'll make more money on it. Don't feel like you're cheating the renter, he can log the time the hobbs says as long as he intends to fly the plane. You couldn't log it for example if you just spent an hour driving around the ramp... What you do is first figure out what it costs to fly based on tach time, figure what it'll take to make enough money to keep it going, and then charge based on Hobbs. The hobbs will of course show more time than the tach unless you've got a dishonest renter. If you insist on making exactly $? per hour on your rental then you will need to figure the hobbs/tach ratio for YOUR usage. If you want to guess, use .2 as it's close enough as .8 tach is pretty close to 1.0 hobbs at many airports. I give you the above based on my usage of a plane as a renter, and as an owner. I know what my plane does now, and I know what it did before I got it, thanks to good logs. What is the ratio in your plane? I forgot to add one more thing, the Hobbs ratio can change in the Winter due to cold and the mechanical nature of the meter. In a Cessna it's a very cheap clock mechanism that gums up a bit over time and slows down during cold weather due to that fact. I've been asked to log tach time for paying for flights in the Winter. |
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Thread | Thread Starter | Forum | Replies | Last Post |
Tachometer or Tach Cable | Rich | Owning | 14 | October 14th 04 02:54 AM |
Tach Vs. Hobbs Time | John Roncallo | Owning | 33 | January 7th 04 12:42 AM |