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buy or rent a 2006 182
Since it looks very much like I will be sans airplane in a week or so, I've
been kicking around options for future flying. My general bad feeling about owning an airplane in Mobile notwithstanding, there's still a chance I could buy another airplane if renting a 2006 Cessna 182T from the local flight school doesn't work out. So I ran a few numbers to see how buying and renting the same model airplane would compare, based on costs here in Mobile: o Rent 100 hrs/yr @ $190/hr. $19,000 Renter's ins., $1M smooth $3,185 (?) Total $22,185 o Buy slightly used '06 182T, fly 100 hrs/yr Engine overhaul setaside @ $12.50/hr $1,300 Fuel, 13gph @ $4.85/gal $6,305 Shelter @ $180/mo. $2,160 Insurance, $1M smooth $3,185 Annual (during warranty) $750 Oil & Filters $100 Cost of money @ 6% on $310K + tax $20,460 Total $34,260 -- Dan ? at BFM |
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