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Aircraft Ownership Spreadsheet



 
 
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  #11  
Old November 10th 06, 11:10 AM posted to rec.aviation.owning
KevinBlack
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Posts: 26
Default 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


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  #12  
Old November 19th 06, 06:17 PM posted to rec.aviation.owning
Private
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Posts: 188
Default 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


 




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