Cost of ownership????

Lou wrote:
Thanks for the advice guys, I'm looking at a Grumman yankee. It's
affordable, quick enough
for a first plane, and the reason for the partner is purely cost. I
know I don't fly everyday, and there
is plenty of time to share an airplane.
Lou



Great planes - I have a 4 seat grumman. You won't be disappointed with
the model.

You're welcome. FYI, I stopped using it because I didn't like what it was
telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

On Mar 21, 5:42 pm, Ben Jackson wrote:
On 2007-03-21, Lou wrote:

I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this

I even put it on the web:

http://www.ben.com/flying/costown.html

mmm, fuel is actually DOWN since I last updated it!

Nice work. I played with it and it looked exciting (hmm, I think I can
fly 80 hours if I have to to break even) then I saw that there was no
place to plug in the costs of the aircraft loan. Depressing to know
that even if someone GAVE me a plane I would have to fly 80 hours to
do better than my club. Sigh. Off to buy more lotto tickets.

On 2007-03-23, xyzzy wrote:

Nice work. I played with it and it looked exciting (hmm, I think I can
fly 80 hours if I have to to break even) then I saw that there was no
place to plug in the costs of the aircraft loan.

You could throw the interest in on one of the monthly or annual
expenses. The value of the airplane itself is largely recoverable,
it's just not very liquid. The spreadsheet does cover wear and tear
costs like engine reserve.

Perhaps someone else can make a spreadsheet that covers all the
variations in aircraft financing.

--
Ben Jackson AD7GD

http://www.ben.com/

Marco Leon wrote:
You're welcome. FYI, I stopped using it because I didn't like what it
was telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

I had some how missed that site. Good work. I pluged in the numbers based on
601XL I'm building and I break even at 26.9 hours/year. That makes me very
happy.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Marco Leon wrote:
You're welcome. FYI, I stopped using it because I didn't like what it
was telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

I had some how missed that site. Good work. I pluged in the numbers based
on 601XL I'm building and I break even at 26.9 hours/year. That makes me
very happy.
Do you use yours for business at all?

Using that work sheet, our Aztec initially comes in at $10 more per hour
than our actual operating costs incurred over 475 hours and 2 1/2 years.
However, the worksheet does not account for maintenance between annual
inspections, which in our case, amounts to $29 per hour flown. If I add $29
per hour flown to the annual cost the worksheet shows our Total per hour is
$10 less than actual. It's amazingly close either way and we break even vs.
renting at 68 hours per year.
Jim


"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Marco Leon wrote:
You're welcome. FYI, I stopped using it because I didn't like what it
was telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

I had some how missed that site. Good work. I pluged in the numbers based
on
601XL I'm building and I break even at 26.9 hours/year. That makes me very
happy.

On Mar 21, 6:20 am, "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.

Forget the spreadsheet. The single most important thing you should do
as an owner is to fly a lot. 150+ hr a year. 200+ hr is even
better. Do that for a few years, and if your funds is getting low,
sell the plane and you can say to youself that you had owned a plane
once, flew to many interesting places, and it didn't cost you more
than renting, and you were able to make trips that a renter won't be
able to do. Mortgage your house if you have to, but you *must* keep
flying a lot of hours a year as long as you own it. It's worth it.

The worst thing you can do as a owner is to let the maintenance cost
eat up all your gas money, and you ended up keeping a hangar queen for
the next owner, one with a rusty engine no less. There's nothing
sadder than that.

The worst thing you can do as a owner is to let the maintenance cost
eat up all your gas money, and you ended up keeping a hangar queen for
the next owner, one with a rusty engine no less. There's nothing
sadder than that.

A far worse injustice is leveled on many airplanes. Namely, the owner
cannot really afford the plane so they choose to buy gas to fly around
and then skimp on the maintenance. He/she then demands a ridiculous
selling price for their run out dog when the HAVE to sell.

In either case, if you have to ask, you likely cannot afford it. Those
using spreadsheets and trying to calculate this down to the dime may
want to consider that airplanes don't require cash according to a
schedule. If you don't have $5k - $10k laying around at all times (and
not in the form of a loan), you are going to have a tough time making
ownership work out.

Airplane ownership is NOT like a car or boat. You are not an owner, but
a temporary steward of an increasingly rare object. I consider it my
responsibility to keep an airplane in good shape (repairs, upgrades,
etc.). Many people (especially in my home America) have a hard time with
this concept. They are accustomed to buying things and then throwing
them away when they become old or inconvenient.

Good luck,
Mike

FLAV8R wrote:
"Tim" wrote in message...

"If you have to ask..."

It costs a lot. The airshares program seems to be reasonably set up. At
first glance it seems expensive though. They did the work for
you/everyone. Check out their pricing. If you can't afford at least a
third to half of that program, you probably have to walk away or find more
co-owners.

http://www.airshareselite.com/airpor...escription.pdf

It is a commitment to own a plane.



Wow! If I did my homework correctly, it would cost over 70k for the first
year to fly for only 100 hours.
Comparing that to my average rental cost of a new C182 with G1000 I would be
able to fly over
600 hours in that same year.

I guess I'll wait till I win the lottery.

David




Perhaps - but the availability is the big factor - and no one I know
rents for a weekend or a week at a time - it is cost prohibitive.
Owning and sharing is a good option if you want the availability and
long rental times. otherwise it is not worth it.