cost of aircraft ownership

Cost Of Aircraft Ownership - This article on Sky's Cessna operating cost estimates is excerpted from its magazine article and website, which provides cost-of-ownership free-of-flight cost estimates. You can use this as a basis for calculating the performance of the Cessna 172 or any other Cessna aircraft.

One of the topics I always talk about in my lectures is the cost of ownership. Many people consider flying to be a very expensive hobby. And sometimes it is. But in the grand scheme of things, flying is no different than several other human hobbies. Let's talk about the boat. I have been a boater all my life. Shipping costs money.

Cost Of Aircraft Ownership

In fact, I'm looking at new pontoon boats and sales over $100,000. In addition, you have fuel, more equipment for the boat, and if you keep it in the pool slip, there is a slip fee. . In our area, you can rent a 12-foot by 28-foot slide for about $3,000 for six months. That's $500 a month. And if you have a big boat and that includes electricity and water, it's more expensive. Compare that to a hanging lease, and for most of us, we can afford to fly every year.

The Real Cost Of Aircraft Ownership: Finances With Wolves

Your flight time may be the same as the cruise time (12 months), but for most of us, the flight time is longer than the flight time. Don't think the ships compare well? Consider buying a new Harley. Sure, you can get one for less than $10,000, but the average fully loaded Comparison motorcycle is probably closer to $30,000. I would buy a Cessna 172 or a Piper Cherokee 140 for that kind of money. And I can fly every year.

Everything I know costs money. It all depends on what you buy, how much you use it, and what your price point is. If you go into airplane ownership with an open mind and set some ground rules, it can be an affordable experience. Education is the key. Know what you're getting into and understand where the cost of ownership is so you won't be surprised. Someone asked, "How can you own a plane?" you will not feel guilty. (Besides, it's not their job). In previous columns, I wrote about whether to buy or rent (July 2018). I think ownership starts here.

If you don't fly much or can't afford a Cessna 150 or Cherokee 140, leasing is an option. So are flying clubs. The lease-or-buy question has plagued the aviation world for years. As pilots, charterers, and aspiring owners, there's no question. There will be an answer

, you should always buy, this is the only option! However, if you ask a shipwreck owner for tens of thousands of dollars or more in damages, they will tell you that leasing is their choice at that time.

The Cost To Operate A Private Jet

Don't let the lack of a plane get you down as a pilot! The goal is to fly as much as possible, and if renting or being part of a flying group is the best way, that's still part of flying. Without people chartering planes, we wouldn't have the large aviation market we have today. But, if you own a Cessna 150 or a Cherokee 140, how do you know when to upgrade to something bigger and faster? Maybe you shouldn't answer, maybe you should hire for an occasional need.

Buying a plane (first or fifth) is an exciting experience. Emotions are one of the first things that lead consumers into financial trouble. A sense of ownership comes with buying a new home. Buying any aircraft can be an exciting time. This is also a big financial commitment. For these reasons (both emotional and financial), I think it's important for buyers to plan ahead and decide what they can afford and how much they can afford. Basically, I think there are three parts to calculating cost of ownership.

Variables are probably the most important of the three. A twin-engine airplane is a good example of this. You can buy a cheap plane, a complicated engine, strap it out, buy insurance, but you can't fly the plane. I once bought a very cheap Cessna 401, but my mechanic thought it would cost over $50,000 a year to maintain and operate. You.

Scott "Sky" Smith is a nationally known author and speaker. He is the author of How to Buy a Single Engine Airplane and How to Buy a Skymaster. He is a solo and multi-engine pilot with over 30 years of experience.Smith is also the owner of Sky Smith Insurance Agency. Learn more at SkySmith.com.

How Much Does It Cost To Own An Airplane? Aircraft Owner Costs Explained

For your free newsletter, click here or above and choose to download: 172 Owners Manual, 182 Owners Manual or Digital Magazine.

Fractional aircraft ownership cost, aircraft transfer of ownership, aircraft fractional ownership for sale, aircraft ownership, fractional aircraft ownership companies, aircraft co ownership, cost of aircraft ownership calculator, aircraft ownership cost, fractional ownership of aircraft, llc for aircraft ownership, aircraft ownership search, partial aircraft ownership