Owning more expensive than renting

"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


Rent an airplane and fly to a remote place for a week and see how much it
costs? Owning is well worth it if you fly long distances and are away with
the airplane for days or week at a time. I have added it up and I have
already broke even with my airplane compared to renting because ill go
someplace stay for a few days and there are min daily rental fees at most
fbo's around here if you plan on having the aircraft away for a few days.

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

"John Kunkel" wrote in message
news:Bo_wd.258475$HA.2022@attbi_s01...

"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. ;-)



I gave up hookers the cost of 1 hooker a month is 5 to 8 hours of flying I
would rather be flying

"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!

On 18-Dec-2004, "Jay Honeck" wrote:

The old "100 hours per year break-even point" is about right -- until you
do a major interior upgrade, or replace a cylinder. Than *poof* --
renting
looks mighty fine. I'd bet the "real" break-even point (over time) is
closer to 150 hours per year.

But you're right -- owning is worth every penny.


My two co-owners and I recently tried to calculate the actual per-hour cost
to fly our Arrow IV. At our current annual usage of around 170 hours, this
number came to just under $100/hr (tach time), which is well below what an
Arrow would rent for in this area. We thought we were doing pretty well,
especially since we pay the extra cost to keep our plane hangared (which is
rare for rental planes around here).

However, our calculation did not include the cost of our investment. If we
sold the plane for fair market value and put the proceeds in a safe
investment paying 6% interest, the (lost) income would work out to about $28
per flight hour, which would put the total cost very much in line with
renting. On the other hand, the value of the plane is also appreciating, so
this is really not apples-to-apples.

Bottom line: the 150 hour break-even rule of thumb is probably about right.
If you (or a co-ownership group) have that much utilization or more, it
makes economic sense to own, particularly considering all of the other
benefits that come with ownership.
--
-Elliott Drucker

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

However, our calculation did not include the cost of our investment. If
we
sold the plane for fair market value and put the proceeds in a safe
investment paying 6% interest, the (lost) income would work out to about
$28
per flight hour, which would put the total cost very much in line with
renting. On the other hand, the value of the plane is also appreciating,
so
this is really not apples-to-apples.

Bottom line: the 150 hour break-even rule of thumb is probably about
right.
If you (or a co-ownership group) have that much utilization or more, it
makes economic sense to own, particularly considering all of the other
benefits that come with ownership.
--
-Elliott Drucker

Please send instructions on finding that safe 6% please. That is post tax
correct? Otherwise it works out to 5% so recalcute. My airplane has cost me
less than my former work stock plan and my 401k has been pretty flat if you
don't count matching.

Anyway, I think the 150 is a sure thing, and the 100 might be doable if you
work at it (of course your work would have value).

"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 gave up hookers the cost of 1 hooker a month is 5 to 8 hours of flying
I
would rather be flying


THis is more information about you than we all really wanted to know.

wrote:

If we
sold the plane for fair market value and put the proceeds in a safe
investment paying 6% interest, the (lost) income would work out to about $28
per flight hour, which would put the total cost very much in line with
renting.

Safe investments (like bonds) these days are bringing in about 1.5%, and have
been for nearly two years. 2001 was the last year you could count on something
like 6% from one of those accounts.

George Patterson
The desire for safety stands against every great and noble enterprise.