Owning more expensive than renting

In article ,
"Richard W. Graves" wrote:

Doug,

Just one suggestion. Take the log books out of the airplane and keep
them in a safe place. If, God forbid, you were to have an accident that
destroyed the logbooks, that wouldn't be a good thing. You probably would
want them available to the accident investigators and the insurance
company.

otoh - logs destroyed in a post-accident fire means less evidence that
can be used against you or your estate.

--
Bob Noel
looking for a sig the lawyers will like

Re, I keep the flight logs in the plane (the aircraft logs NOT). But
they are my logs, I'll keep em where I damn well please.

"Doug" wrote in message
oups.com...
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!!!!!


Doug, I here ya!

"Doug" wrote in message
oups.com...
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!!!!!


Getting my first plane was like getting my first car, and there are not a
lot of ways to get those good teenage level rushes decades later.

Well put, Doug!

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

Brad Zeigler wrote:

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.

A club has other advantages. In no particular order, I've found:

o Sharing the work load (dealing with insurance, mechanics, etc.)
o Having more than one plane, which means one is flying while an
airplane is in maintenance
o There's always someone that knows more than I about what I'm
supposed to be doing
o Sometimes I can fly an easy plane, sometimes a faster plane

- Andrew

"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

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

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

"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? :-)

If it flies, floats or f**cks, you're better off renting. ;-)