SkyHog
Touchdown! Greaser!
- Joined
- Feb 23, 2005
- Messages
- 18,431
- Location
- Castle Rock, CO
- Display Name
Display name:
Everything Offends Me
Ok - so I need to justify buying a plane to a few people....of course, I haven't picked the plane yet, but that will come later.
Money first:
Renting a plane here runs about $112 an hour for the newer 172s with rear seats. There's also the fuel surcharge with right now is about $5 an hour. Flying 75 hours a year, that comes to $8775 a year.
If I purchase a plane for $35,000 (which is the middle of my price range), and break it down cost wise, that works out to almost 4 years of renting at the afformentioned rate. After that, I'm saving money. Of course, there's costs of annuals and maintenence, and that's where my first question comes in:
1. How much should I set aside for maintenence yearly?
2. How much does an annual with no problems usually run.
Then comes hangering or tieing down. If I hanger, a T-Hanger at my airport runs about $2900 a year. Tiedown is about $540 a year.
Safety:
Obviously, renting a plane has the danger of flying a plane that any number of...for lack of a better term...dumbasses have flown, slamming it down to the ground, landing with crazy sideloads, exceeding Va for maneuvers, etc. If I own my plane, then it would be only I that I'd have to worry about, and if I do any of the stupid listed above, at least I'll know about it.
3. Anyone have any other safety advantages or disadvantages to owning?
Pride:
Of course, owning a plane means that I have my own plane. That's awesome. I'd love it and take care of it...well...let's just say that I would love that plane forever. Renting is cool, and still makes me feel good, but I can't even imagine pulling out my keychain and having an airplane key on it. Makes me shudder in joy thinking about it.
4. Am I missing anything?
Money first:
Renting a plane here runs about $112 an hour for the newer 172s with rear seats. There's also the fuel surcharge with right now is about $5 an hour. Flying 75 hours a year, that comes to $8775 a year.
If I purchase a plane for $35,000 (which is the middle of my price range), and break it down cost wise, that works out to almost 4 years of renting at the afformentioned rate. After that, I'm saving money. Of course, there's costs of annuals and maintenence, and that's where my first question comes in:
1. How much should I set aside for maintenence yearly?
2. How much does an annual with no problems usually run.
Then comes hangering or tieing down. If I hanger, a T-Hanger at my airport runs about $2900 a year. Tiedown is about $540 a year.
Safety:
Obviously, renting a plane has the danger of flying a plane that any number of...for lack of a better term...dumbasses have flown, slamming it down to the ground, landing with crazy sideloads, exceeding Va for maneuvers, etc. If I own my plane, then it would be only I that I'd have to worry about, and if I do any of the stupid listed above, at least I'll know about it.
3. Anyone have any other safety advantages or disadvantages to owning?
Pride:
Of course, owning a plane means that I have my own plane. That's awesome. I'd love it and take care of it...well...let's just say that I would love that plane forever. Renting is cool, and still makes me feel good, but I can't even imagine pulling out my keychain and having an airplane key on it. Makes me shudder in joy thinking about it.
4. Am I missing anything?
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