Cherokee 180 to Columbia 400
A few months after I bought the Col400, my mission changed and I quit flying to Mexico weekly
I wish I had kept the Cherokee as a “second” plane for the fun stuff like flying to dinner which I would weekly. The Columbia is a little much for that. But, I couldn’t find a hangar for it at the time
Cherokee $45k
Columbia $325k
Cherokee insurance $800 a year
Col400 Insurance $6k
Maintance for the Cherokee including annuals and new tires was $4000 for 400 hours
For 200 hours in the Columbia I’m at $40,000
Not only did my mission change, but I’ve spent over 100 days in Asia over the last 365 days. That’s killed my flying more than anything. Headed back in a couple of weeks for 3 weeks and then I plan to spend the summer flying around the country seeing customers and putting some hours on her
I’ve debated selling the Columbia, but what’s stopping me is simple. Recapture. I’d have to pay the IRS $100,000 in depreciation recapture.