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#11
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I already know that flying is an expensive hobby. And I'd not expect to make a profit at the back end. I only wanted to know whether any portion of my investment would be salvaged in the end. Of course I'm not including money spent flying, storage, traveling, maintaining and fixing while I'm using the plane. I guess the consensus of the group is that IF the construction is quality, so long as I buy a good kit like an up-to-date RV, I would get something out of it when it is finally time to sell. Thanks to all who responded. kleindoc ++++++++++++++++++++++++++++++++++++++ It's all a matter of the right plane, perspective... owner maintenance and a bit of rationalization. g FWIW.... My car depreciates. My plane appreciates. Full coverage insurance on my $9000 car is nearly $800. Full coverage insurance on my $31000 plane is nearly $800. Mogas for my car and plane are... the same. My mini-pickup truck gets 25 mpg at 65 mph. My plane gets 25 mpg at 170 mph. Hangar rent has been $90 month. Garage cost for car probably equals that. Plane and car maintenance costs to date are similar. Annual on plane is usually an additional $250. Aviation oil is twice the price of auto oil, but that's only $25 a year more than for the truck. When everything is said and done... my kind of flying costs me little or no more than any one of the cars and trucks that I own. Barnyard BOb -- over 500 RV3 hours |
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