Cost of ownership????

Marco Leon wrote:
You're welcome. FYI, I stopped using it because I didn't like what it
was telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

I had some how missed that site. Good work. I pluged in the numbers based on
601XL I'm building and I break even at 26.9 hours/year. That makes me very
happy.

Using that work sheet, our Aztec initially comes in at $10 more per hour
than our actual operating costs incurred over 475 hours and 2 1/2 years.
However, the worksheet does not account for maintenance between annual
inspections, which in our case, amounts to $29 per hour flown. If I add $29
per hour flown to the annual cost the worksheet shows our Total per hour is
$10 less than actual. It's amazingly close either way and we break even vs.
renting at 68 hours per year.
Jim


"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Marco Leon wrote:
You're welcome. FYI, I stopped using it because I didn't like what it
was telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

I had some how missed that site. Good work. I pluged in the numbers based
on
601XL I'm building and I break even at 26.9 hours/year. That makes me very
happy.

"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Marco Leon wrote:
You're welcome. FYI, I stopped using it because I didn't like what it
was telling me.


"Lou" wrote in message
oups.com...
Thank you, that is exactly what I was looking for.
Lou

I had some how missed that site. Good work. I pluged in the numbers based
on 601XL I'm building and I break even at 26.9 hours/year. That makes me
very happy.
Do you use yours for business at all?

Lou wrote:
I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou



"If you have to ask..."

It costs a lot. The airshares program seems to be reasonably set up.
At first glance it seems expensive though. They did the work for
you/everyone. Check out their pricing. If you can't afford at least a
third to half of that program, you probably have to walk away or find
more co-owners.

http://www.airshareselite.com/airpor...escription.pdf

It is a commitment to own a plane.

I would not trade it for the world. Good to see you are doing your
homework.

"Tim" wrote in message...
"If you have to ask..."

It costs a lot. The airshares program seems to be reasonably set up. At
first glance it seems expensive though. They did the work for
you/everyone. Check out their pricing. If you can't afford at least a
third to half of that program, you probably have to walk away or find more
co-owners.

http://www.airshareselite.com/airpor...escription.pdf

It is a commitment to own a plane.


Wow! If I did my homework correctly, it would cost over 70k for the first
year to fly for only 100 hours.
Comparing that to my average rental cost of a new C182 with G1000 I would be
able to fly over
600 hours in that same year.

I guess I'll wait till I win the lottery.

David

FLAV8R wrote:
"Tim" wrote in message...

"If you have to ask..."

It costs a lot. The airshares program seems to be reasonably set up. At
first glance it seems expensive though. They did the work for
you/everyone. Check out their pricing. If you can't afford at least a
third to half of that program, you probably have to walk away or find more
co-owners.

http://www.airshareselite.com/airpor...escription.pdf

It is a commitment to own a plane.



Wow! If I did my homework correctly, it would cost over 70k for the first
year to fly for only 100 hours.
Comparing that to my average rental cost of a new C182 with G1000 I would be
able to fly over
600 hours in that same year.

I guess I'll wait till I win the lottery.

David




Perhaps - but the availability is the big factor - and no one I know
rents for a weekend or a week at a time - it is cost prohibitive.
Owning and sharing is a good option if you want the availability and
long rental times. otherwise it is not worth it.

On Fri, 23 Mar 2007 11:17:11 -0400, "FLAV8R"
wrote:

"Tim" wrote in message...
"If you have to ask..."

It costs a lot. The airshares program seems to be reasonably set up. At
first glance it seems expensive though. They did the work for
you/everyone. Check out their pricing. If you can't afford at least a
third to half of that program, you probably have to walk away or find more
co-owners.

http://www.airshareselite.com/airpor...escription.pdf

It is a commitment to own a plane.


Wow! If I did my homework correctly, it would cost over 70k for the first
year to fly for only 100 hours.

Buy an older Bonanza and you can fly it for about 6 years for that.
Around there that wold cover all costs, fixed and variable.

Comparing that to my average rental cost of a new C182 with G1000 I would be
able to fly over
600 hours in that same year.

At 130 hours a year the Deb runs about $85 to $95/hr with today's gas
prices. A some what newer F33 might be a bit less expensive to run
per hour due to maintenance but would cost more up front. You should
get back the cost of the airplane later on.

The SR22 is expensive and the insurance is quite high. Local couple
were paying about $9,000 for insurance. They are now on their second
plane as they put over 700 hours on the first one the first year. They
should have about a year on the second one so I don't know what their
costs would be now.

I looked into the airshares program and iy appeared I could operate a
new A36 for less than it would have cost me to stay in that program.
I guess I'll wait till I win the lottery.

David

Roger Halstead (K8RI & ARRL life member)
(N833R, S# CD-2 Worlds oldest Debonair)
www.rogerhalstead.com

Lou wrote:

I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou


Ownership is cheap, maintaining one is expensive. I used to keep a
spread sheet of my budget and expensive. I quit after a couple of years.
If my balance got too low I knew I was getting in trouble. I didn't need
to know the details.

--

Regards, Ross
C-172F 180HP
KSWI

Lou,

It varies tremendously but the one constant is that airplane ownership
is EXPENSIVE when compared against renting. That is unless you fly 200
hours a year (most pilots average 50-75 hours a year).

I don't know about other folks but I have owned for only 3 years so I
don't have much experience but here is what I found.

For a 2 way partnership in a 100k Mooney it costs me about 1000 a month
to fly 5 hours a month. This includes all my fixed costs of $575 (plane
note, hanger rent, XM weather subscription and insurance). We charge
ourselves $85 per tach hour wet. This includes engine reserve, fuel and
some cash put back for annual inspection expenses.

Our first 3 annual's averaged $5000. We have had several times in the
last 3 years where we have had to shell out $1000 here and $1000 there
for things that broke. We like to keep the plane squawk-free so this
could have been cheaper.

Here is the sad part. For me I have come to the realization that I don't
want to shell out this much cash for flying anymore and am offering my
partner the buy-out deal of a lifetime. I am going back to renting but
will probably take a break from flying all together.

Good luck with whatever you do but realize that it will cost you a LOT
more money to own than to rent. That is just a plain and simple fact.

Jon Kraus



Lou wrote:
I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou

Jon Kraus wrote:
Lou,

It varies tremendously but the one constant is that airplane ownership
is EXPENSIVE when compared against renting. That is unless you fly 200
hours a year (most pilots average 50-75 hours a year).

I don't know about other folks but I have owned for only 3 years so I
don't have much experience but here is what I found.

For a 2 way partnership in a 100k Mooney it costs me about 1000 a month
to fly 5 hours a month. This includes all my fixed costs of $575 (plane
note, hanger rent, XM weather subscription and insurance). We charge
ourselves $85 per tach hour wet. This includes engine reserve, fuel and
some cash put back for annual inspection expenses.

Our first 3 annual's averaged $5000. We have had several times in the
last 3 years where we have had to shell out $1000 here and $1000 there
for things that broke. We like to keep the plane squawk-free so this
could have been cheaper.

Here is the sad part. For me I have come to the realization that I don't
want to shell out this much cash for flying anymore and am offering my
partner the buy-out deal of a lifetime. I am going back to renting but
will probably take a break from flying all together.

Good luck with whatever you do but realize that it will cost you a LOT
more money to own than to rent. That is just a plain and simple fact.

Jon Kraus



Lou wrote:

I (like everyone else) am considering purchasing a plane. I've looked
up the cost of ownership in this group and came up with some good
information. However, I'm looking for a spreadsheet that I can plug
the numbers into. Has anyone either made this or know where to
download one? It's probebly not hard to do but I thought I would look
here first. Anybody? Anybody? Anybody?
Lou


Jon is correct and this goes for motor homes, boats, and any big ticket
item. It is better to rent than own. However, on that day after two
weeks of lousy weather, YOU can go to the hangar and pull out YOUR
airplane and not be told by the FBO that all the planes are out til
9:00PM tonight.

I have had my Skyhawk for 10 years and I paid cash and it is a cheaper
plane than a Mooney, but this is all relative to you disposable cash. I
do owner assisted annuals and that saves. I did have to change out the
O-360 4 years ago and had to get a loan for that (no reserve planning).

My kids are out of college and on their own and I have no college
expenses from that. House is almost paid for and we both work. However,
I am getting close to retirement and my thinking may change. I may try
to get a partner or just sell. What I need is a workaholic partner that
pays the money but does not have time to fly.

--

Regards, Ross
C-172F 180HP
KSWI