First Time Airplane Buyer....maybe

Discussion in 'Flight Following' started by Pierce Warren, Mar 12, 2021.

  1. Juliet Hotel

    Juliet Hotel En-Route

    Joined:
    Jul 21, 2018
    Messages:
    2,601

    Display name:
    Juliet Hotel
    The M20C is not high performance but it is complex. That being said, you might want to talk to a few agents and get a few quotes before you assume insurance will be a deal breaker. I had just over 100 hours and zero complex when I got into an M20C and insurance wasn't terrible.
     
  2. ktup-flyer

    ktup-flyer En-Route

    Joined:
    Jun 28, 2012
    Messages:
    3,978
    Location:
    Tupelo, MS

    Display name:
    ktup-flyer
    I looked at DA40s and ended up with a 182. Just a more capable airplane for not much more money
     
    wheaties and a572mike like this.
  3. AlphaMike

    AlphaMike Pre-takeoff checklist

    Joined:
    Nov 5, 2019
    Messages:
    398
    Location:
    Michigan

    Display name:
    AlphaMike
    I own and fly a 182. It's a true 4 adult, 4 seater airplane. The asking prices for 182s has really skyrocketed in the last couple years though. They seem to hit the sweet spot for a lot of people. Cruse at 140 -150knots, carry 4 adults and full fuel, a 5+ hour range (with plenty reserve).
     
  4. DMD3.

    DMD3. Pre-takeoff checklist

    Joined:
    Nov 8, 2014
    Messages:
    294
    Location:
    Tifton, Ga

    Display name:
    DMD3.
    What about the maintenance costs? A lot of people avoid owning retractable-gears because they claim it costs an extra fortune on the annuals.
     
  5. schmookeeg

    schmookeeg Administrator Management Council Member

    Joined:
    Nov 6, 2008
    Messages:
    2,637
    Location:
    Alameda, CA

    Display name:
    Mike Brannigan
    The extra fortune is on the insurance. Jamokes keep gearing them up.

    The maintenance is a rounding error in the ownership cost picture for most RGs. You hear occasional horror stories like the Cessna gear saddles that are spendy and done every few decades. That's just aging aircraft stuff, though, and I don't think it's unique to retracts.
     
  6. Juliet Hotel

    Juliet Hotel En-Route

    Joined:
    Jul 21, 2018
    Messages:
    2,601

    Display name:
    Juliet Hotel
    The Mooney Johnson bar system is about as dirt simple as retractable gear can get. You'll have to replace donuts every so often and it'll have to go up on jacks for a gear swing every annual. But if we're talking a manual gear C model, I wouldn't expect the gear to add more than a buck or two per hour to the MX budget in the grand scheme. Honestly there is nothing to fear when it comes to a manual gear Mooney.
     
    DMD3. likes this.
  7. DMD3.

    DMD3. Pre-takeoff checklist

    Joined:
    Nov 8, 2014
    Messages:
    294
    Location:
    Tifton, Ga

    Display name:
    DMD3.
    Makes sense. It stands to reason that the retracts on some makes maybe better than others.
     
  8. bradg33

    bradg33 Pattern Altitude

    Joined:
    Aug 27, 2012
    Messages:
    1,741

    Display name:
    Esquire99
    "A lot of people" have never actually owned a retract and are simply regurgitating what some other uninformed person told them. The cost increase is minimal in the grand scheme of things, and is easily made up for in efficiency. Sure, retractable gear increases your maintenance exposure, as it's one more system to fail, but that's just a roulette game anyway. There are plenty of 172/182/Grummans out there that end up costing the owners far more to maintain than the similar retract does. The maintenance side of ownership is always a bit of a gamble, but retractable gear alone does change the risk profile much.
     
    lblandina, mondtster and schmookeeg like this.
  9. MonkeyClaw

    MonkeyClaw Pre-Flight

    Joined:
    Sep 17, 2019
    Messages:
    81
    Location:
    Sedona, AZ

    Display name:
    Timothy Miller
    Lot's of good suggestions here. I say buy into a partnership or join a club. After my PPL, I bought 1/3 into a Warrior partnership. Worked out well, MX was split between three people and I had the plane almost as much as I wanted it. There were occasional conflicts but they were easily worked out. The 3rd partner never flew for the whole time I owned the plane.
     
  10. mondtster

    mondtster En-Route

    Joined:
    Nov 25, 2011
    Messages:
    3,539

    Display name:
    mondtster
    As has already been addressed, the last thing I'd be concerned with is additional costs for maintaining a retractable landing gear. The bigger concern would be insurance costs. Some types are worse on insurance than others so it pays to get estimates for a few different types before settling on one if that is a concern. As a point of reference, I owned a Bonanza and Mooney at the same time and the Mooney insurance was roughly double that of my Bonanza.
     
  11. WDD

    WDD Pattern Altitude

    Joined:
    Oct 16, 2019
    Messages:
    2,258
    Location:
    Atlanta / KRYY

    Display name:
    Vintage Snazzy (so my adult children say)
    Let me know the name of your 3rd partner who paid but never flew. I'd like to be partners with him on a plane.
     
  12. bradg33

    bradg33 Pattern Altitude

    Joined:
    Aug 27, 2012
    Messages:
    1,741

    Display name:
    Esquire99
    That arrnagement isn't nearly as uncommon as you'd think. I've got a couple partners that rarely fly, and know some folks with partnerships and similar situations (at least one partner never flies). I think, like with many airplane purchases, one buys in thinking they'll fly a ton, then it tapers off and soon becomes a "never" thing. They keep the plane because, in a partnership, the costs are low and they think it's just a matter of time before they start flying again.
     
    TCABM likes this.
  13. Juliet Hotel

    Juliet Hotel En-Route

    Joined:
    Jul 21, 2018
    Messages:
    2,601

    Display name:
    Juliet Hotel
    Were the hull value's similar between the two?
     
  14. mondtster

    mondtster En-Route

    Joined:
    Nov 25, 2011
    Messages:
    3,539

    Display name:
    mondtster
    Close enough that it wouldn't have caused a significant difference. I think the stated value of the Mooney was maybe $3k more.

    This was when insurance was easy and cheap to get too. I was plenty insurable in both airframes, the Mooney was simply more expensive.
     
  15. samiamPA

    samiamPA Pre-takeoff checklist

    Joined:
    Mar 23, 2020
    Messages:
    120

    Display name:
    samiamPA
    My former partner didn't fly for the first several years of our partnership. Didn't even have a license. Just really liked being able to say he owned his own airplane :)
     
  16. TCABM

    TCABM Pattern Altitude

    Joined:
    Apr 23, 2013
    Messages:
    2,034

    Display name:
    3G
    Yep. The partnership I bought into has fewer flyers than owners. Only a couple fly more than once a month.
     
  17. flyingron

    flyingron Touchdown! Greaser!

    Joined:
    Jul 31, 2007
    Messages:
    20,768
    Location:
    Catawba, NC

    Display name:
    FlyingRon
    Owning an airplane is like having kids. If you wait until you are sure you can afford one, you'll never have any. I kick myself for several opportunities I had over the years to NOT get a plane. I eventually wised up when we decided to get the Navion.
     
    Rgbeard, Radar Contact and wheaties like this.
  18. WWFeldman

    WWFeldman Pre-Flight

    Joined:
    Nov 11, 2019
    Messages:
    86

    Display name:
    WWFeldman
    We've got the same situation. Partner and I bought into a 172 that a lady owns at our field. She'd owned the plane for 14 years and still hasn't got her license.