If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
|
Thread Tools | Display Modes |
#11
|
|||
|
|||
Aircraft Ownership Spreadsheet
"Paul kgyy" wrote in message oups.com... Don't forget your interest costs, assuming you will borrow the money. Even if you pay cash, you lose the investment income. Yes, the cost of money isn't cheap Many buyers end up spending extra amounts on the first inspection because of items that have been neglected. Allow 10% of the purchase price for this. Understand, we will have a reasonable 'kitty' if it goes ahead, but we'd rather aoid downstream expense by upstream dilligence..... Ahhhh in a perfect world. I can't over-emphasize the value of a very thorough inspection by someone familiar with the breed and no financial interest in the outcome. Agreed, and something that hasn't escaped our attention. Insurance is significant: you'll need to get a quote on that. Again, yes. There is seldom an economic reason to own an airplane, but there is something wonderful about owning one and flying it for the cost of the fuel. This just might be economically better given the state of GA here..... Thanks, Kevin |
#12
|
|||
|
|||
Aircraft Ownership Spreadsheet
wrote in message oups.com... Be aware that ownership will likely cost you significantly more than you project before buying. Regards, Jerry Consider the purchase price to be a down payment on the maintenance and upkeep costs. The maintenance and expenses you expect will take 80% of your budget, the unexpected items will take the other 80%. The things you will be repairing are what the previous owner called 'deferred maintenance'. The difference between a new aircraft and a used one is the sum total of the 'maintenance compromise' or the sum of the 'that's good enough' or 'we'll check it again at the next annual'. Good luck |
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
UAV's and TFR's along the Mexico boarder | John Doe | Piloting | 145 | March 31st 06 06:58 PM |
I want to build the most EVIL plane EVER !!! | Eliot Coweye | Home Built | 237 | February 13th 06 03:55 AM |
Most reliable homebuilt helicopter? | tom pettit | Home Built | 35 | September 29th 05 02:24 PM |
Homebuilt Aircraft Frequently Asked Questions (FAQ) | Ron Wanttaja | Home Built | 0 | April 5th 04 03:04 PM |
Homebuilt Aircraft Frequently-Asked Questions (FAQ) | Ron Wanttaja | Home Built | 0 | July 4th 03 04:50 PM |