So, at what point does it make economical sense to own versus rent? What statistics should I keep in mind? There's a local place here that will rent a modern 172 with full glass cockpit for $175 an hour. So assuming you can get that thing to hum around 125knots ( dunno if it will do that or not but this is just theoretical ) and you're going 500nm.. You're looking at $700 for the plane rental and another $200 or so for fuel. If you're making that trip more than once a month would it make sense to buy a plane versus rent? What else do I need to consider?