Hi Everyone, I'm wondering if anyone would like to share any or all of the details listed below related to their airplane ownership experience. I'm working on a new YouTube channel that focuses on the cost of owning specific aircraft. Something I found sadly lacking online while doing my own airplane buying research over the years. I do a lot of research for these videos and average and combine all the various data sources I find into a short video. If you are really keen, you can send me a photo of your plane and I may 'cartoonize' it for a video as well. I'm looking for any/all the following information: Aircraft details: Type Engine/TBO Fuel Burn Fuel Capacity Costs: Insurance Annual Overhaul Estimate Maintenance outside of annual. Thanks very much! Here are a couple of videos I've already completed Cherokee 180: Kitfox S7: (feedback on these welcome also, I'm just starting out)
For the costs, you need to add that of the tiedown or hangar. Bought my airplane for $10,000, it costs me about $5000/year for a hangar. Aircraft details: Type: Bowers Fly Baby (Experimental Amateur-Built...I'm not the builder). Engine/TBO: Continental C85-12. Not sure what the TBO is, but it's been 800 hours/30 years since the last overhaul. Fuel Burn: 5 GPH Fuel Capacity: 16 gallons Costs: Insurance: $300/year (liability only) Annual: $300 Overhaul: Pay it when it's needed Estimate Maintenance outside of annual: $200/year. Ron Wanttaja
Thanks Ron! That's great info. I love these planes. I would love to have an open cockpit plane some day. I've been following the new Ryan-ST replica pretty closely. You're right about the hanger/tie down. I'm pretty well able to get that myself based on the size of the aircraft so haven't been asking folks for that.
Yes, and it's not, strictly speaking, driven by the airplane being looked at. However, one may not want to opt for an outside tiedown for wood planes, and some folks want to avoid outside tiedowns with fabric airplanes. May want to indicate that in your videos. It's a balancing act between convenience and cost. I pay roughly half the value of my airplane in hangar rent each year, but it's just seven minutes from home. That convenience is worth it, for me. This information is dated (15 years old), but it shows how hangar and tiedown rates can vary with the proximity to major urban areas. Ron Wanttaja
Very true. I mention just that in the kitfox video, and don't even include tie down as an option in those costs.
1968 Beech Baron D55 Continental IO-550C, 1700 hour TBO Typical cruise burn 22gph total LOP, 195kt in summer, 200kt in winter. Can go slower for cheaper but what would be the point? Fuel capacity 136 gallons Insurance $2200/yr on 130K hull value Annual inspections $3,000 flat Engine overhaul $41K/side, exchange (Western Skyways) Squawks per year, for 100 hours, running about $7-$10,000. I estimate "20 grand" for the first hour each year, then fuel afterwards. I haven't exceeded that budget yet. Any details you might want are here https://msxpert.com/n18md/ Cool idea! And I hate youtube, but I might actually watch these.
IMO the cost of a hangar is somewhat offset by the increased opportunity for savings from owner maintenance and supervised repairs. A hangar provides a place to keep all your tools, supplies, parts, and equipment, and a secure place to work.
Hatz CB-biplane, Lycoming O-290-D, dunno the TBO. 7 gph, holds 18 gallons. Insurance $1044 for liability and hull. Annual $650, overhaul I'll worry about when needed if I still own the plane. Shared hangar $215. Maintenance costs have been minimal to date, couple hundred per year... oil changes, a new battery and oil pressure gauge, tailwheel tire, ELT battery. Because it's experimental, parts (except engine parts ) are cheap and I can work on it myself. Though I am looking at a potentially expensive engine issue...
C140A O-200, 2000 hr TBO 6 gph, 24 gal capacity annuals: a few grand insurance: about a grand tiedown for a year: about a grand. hangars are unobtainium, and even if they weren't, they're unaffordium. non-annual mx has been expensive, but it's a pay-as-you-go flying restoration.
c180 o-520 11gph, 55 usable insurance $2500/yr at $150k hull value hangar: I bought it. Taxes and airport access fees $1500. I also store a truck, lots of personal stuff, all my tools (personal and business), and another airplane. first couple years about $5k each year in parts, now 4 years later, about $500. Not much isn't already replaced! Upgrades? like new seats, new panel, new paint, new bushwheels, new extended baggage, $30k
Aircraft details: Type 1958 Cessna 182A (straight tail), named Sherbet Engine/TBO Continental O-470, about 75 (yeah, it's a new engine!) Fuel Burn Depends on flying conditions; I plan for 12.5 GPH, but haven't calibrated the new engine yet Fuel Capacity 55 usable Purchased in 2002 for $54,000 at 220 TBO Costs: Insurance $1200/year Annual usually around $900, depending Overhaul $34000 (last year, so more or less current) Estimate Maintenance outside of annual. Variable, maybe averaging about $500/year if that (it's an old airplane) Hangar $2100/year (I'm lucky) Picture by Greg Wright
Thanks so much everyone. This is fantastic. And thanks for the picture to Judy. I will be sure to update this thread when I post a video using your data.
Pa28-181 Archer. 48 Gal usable, 10 GPH, 120ish kts, annual a couple of AMU's, tie-down 1 AMU, TBO 500, Insurance 1 AMU.
Aircraft details: Type: 1981 Cessna 182R Engine/TBO: Continental O-470-U/2200hr TBO Fuel Burn: 13gph Fuel Capacity: 92gal/88gal usable Costs: Insurance: $1803/$165k hull Hangar: $1710/yr T-Hangar Annual: ~$2-5k Overhaul: ~$40k Estimate Maintenance outside of annual: $600 in oil and oil filters + whatever else pops up. Usually not much.
Sonerai IIL (Exp.) VW1835 aero-conversion (TBD) Its got over 500hrs and runs better than new. 3.2GPH Avg. 10 gal ~$600/yr liability only $250~$500 ~$4,000 ~$1,000yr (oil/oil filter + consumables ~$280, the rest is things like tail wheel replacement, voltage regulator replacement, Magneto 500hr IRAN). Hangar rent is $230/month for a bare bones uninsulated T-hangar w/1 20amp outlet.
Man you guys are doing good on insurance costs. What are your liability limits - you should really list liability limits and hull value, otherwise it’s pretty hard to compare. @schmookeeg $2200 to insure that Baron shocks me, would have guessed much higher.
typical 1MM/100k sublimit. I'd expect most folks are carrying that. It helps that I'm fairly well qualified in the thing.
Thanks again for all the info everyone. I'll add this all to the Database. I'm hoping to finish up the TBM 850 video that I'm working on now shortly and then get started on the 55 Baron. We'll see where it goes from from there. Cheers!
