What it Costs to Own Your Own Airplane | the real breakdown

What it Costs to Own Your Own Airplane | the real breakdown

Hey guys, John from Fly8ma.com and
today we’re going to be looking at the cost of owning your own airplane,
specifically what does it cost per hour to fly a Cessna 150 if you actually own
it outright and is it economical. Does it make sense to maybe own your own
airplane instead of rent. Let’s go ahead and take a look. So not only do you want your own
airplane because you can go see the world and do all sorts of crazy fun
things go anywhere you want whenever you want and tell all your friends that you
learn airplane obviously the reasons of owning an airplane are self-evident.It
is awesome and you’d love to own your own airplane. so more so than the reasons
let’s get into what it physically, actually costs and is this feasible. Does
it make sense compared to just say renting an airplane from an FBI or a
flight school? Well first thing we want to do is take a look at a little
spreadsheet here of what everything costs involved with owning an
aircraft. So for a basic Cessna 150 we’re going to look at our fuel burn, our oil
burn engine deposit, because we know engines are very expensive and have to
be overhauled pretty frequently or not super frequently really but in the case
of a 150 typically every 1800 hours on the tack and also important to note
we’ll explain this in a later video but tack hours are actually shorter than or
longer in a sense in hobs hours so say you fly for 1.0 on the hobbs it’s
probably 0.8 or so on the tack so 1800 hours on the tack is more like 2200
hours on the hobbs and everything here is going to be hobbs time that we’re
talking about just keep it simple. Just regular flight time so we can compare
apples to apples with the cost of owning versus renting from an FBO. So anyways
eight bucks an hour for an engine deposit that’s hobs hours like we said
tires, tubes, brakes, oil change, battery mags, light spark plugs, starter,
alternator, all those things wear out and break. Radios and even more things wear
or break on airplanes, but those are your very basic ones and they’re all slightly
overstated here just to give you a little wiggle room and also factor in a
little extra cash for when other things break. Maybe like a flat motor that
breaks very very rarely. So let’s take a look here and we come to $613 as far
as how much money this is in cost every hundred hours and maintenance and then
our 100 hour or annual is going to be 400 bucks just in labor just for the
inspection from mechanics come out to the hangar to the airport and just look
inside the inspection pan pull the seeds just inspect the airplane
then they’re going to charge next four $613 as far as parts that are
going to go into it. Of course you’ll have two oil changes
over the course of flowing 100 hours but everything else should last pretty much
through the hundred hour without being addressed. Aside from maybe a light that
you could probably replace yourself. As far as our fixed costs, well every year
we’re going to have $400 bucks for any annual period and you can say well $400 is really cheap well like we said it’s just the anual labor part and that’s
pretty pretty standard throughout the country. Anywhere from Michigan to
Florida to California you can get an annual done on an airplane for about $400
bucks provided labor only and mechanics coming up to your hangar or your
airport and just kind of working out of their truck. If you bring into a shop
it’s probably a little bit more in labor and you can even make that cheaper just by
removing all the inspection panels and the seats and everything like that
yourself and doing a lot of the work yourself like the oil change and things
like that. Cheapest annual I’ve ever had was $175
bucks and that’s because when the mechanic showed up I had already moved all
the interior inspection panels and every single thing from inside that
airplane so they could just do their inspection quickly, easily and then I
reassembled it and they inspected after I reassembled and that saved them a lot of
their labor. Other fixed costs: tie-down fifty five bucks a month that’s pretty
standard throughout the country. Anywhere from 25 bucks a month is the cheapest I’ve
seen it on up to a hundred dollars a month but for the most part even here in
Venice, Florida on the coast you know in a more real estate expensive type area
still 55 bucks a month’s going rate. Insurance on a 150 if you’re a private
pilot even low time private pilot one hundred two hundred hours in your book
you can count on about 50 bucks a month about 600 bucks a year or so for
insurance. Insurance on airplanes is pretty cheap. It’s just something that
they don’t figure you’re going to use very much and you’ve got a lot of skin
in the game as far as not dinging up that airplane compared to digging up
your car. They figure that you’re not going to have as many airplane accidents
as you would car accidents. So airplane insurance is pretty cheap. Now
if you’re not even a pilot yet your student pilot and you want to buy
an airplane to learn in you can figure you know 75 bucks a month maybe a
hundred bucks a month at the worst end of it, but it’s not going to be crazy for
insurance and it really depends what your insured value is. So we factor
airplane to cost about sixteen thousand. I’ll go ahead just for the heck of it
we’ll say our airplane cost eighteen thousand and you just want to realize
that most the costs and your airplane insurance isn’t the liability portion
it’s the whole insurance portion so what they’re going to pay you in case you do
damage the aircraft and also the deductibles and airplane insurance while
we’re on the topic are pretty cheap usually about 250 bucks for
deductible so nothing too bad there. Coming over here to financing and
depreciation well we’re not going to assume a loan here we’re just going to
assume that we had the cash to go by the airplane in the banks so we got $18,000
out of the bank but we do factor it at 3% here just because that $18,000 could
probably be invested in something earning 3% and if it’s not earning as 3%
let’s tied up in the airplane well it’s theoretically costing us five hundred
forty dollars a year so that goes into our total annual fixed cost. To be
totally fair here and objective that’s what it’s costing us to have that money
tied up in the airplane next for fuel cost a gallon
well right now it’s four bucks a gallon here but I realize that’s cheap compared
to most parts of the country. So let’s just say it’s $4.50 a gallon and your oil
costs per quart right now I can buy at the FBO for about $5.50 a quart so we’ll
plug that in there and total hours flying let’s say let’s just start for a
starting point say we’re going to fly 100 hours a year so we come down here in
our variable cost per hour so variable cost per hour means when we just fire up
the airplane go fly fuel everything included is $43.43
pretty darn cheap. Our total cost per hour that we expel this is number and
the green here that we want to use when comparing it to renting an airplane from
the FBO say we can rent a 150 from the FBO for like
eighty nine bucks an hour. Well here even after we pay our tie-down our insurance
the cost of having the money tied up pay for the annual pay all the maintenance
pay everything it’s still only sixty five bucks an hour if you’re flying in
100 hours ear now obviously that number goes up if you don’t fly hundred hours a
year so let’s say we fly 50 hours here well now we’re at 87 dollars total costs
per hour so now we’re getting close to FBO type rail prices however the FBO in
venice actually charges 150 or I’m sorry hundred twenty dollars an hour to rent a
150 just pretty crazy so even if we only fly let’s see here 25 maybe 28-30 hours
a year we’re still going to be better off don’t own our own airplane
even if we only find 30 hours here and of course the more we fly the more
reasonable it becomes to own your own aircraft if you’re going to do some time
building say you’re trying to get commercial pilot certificate you’re
going to go 200 hours well 54 bucks an hour you really cannot beat that is a
lot cheaper than you’re gonna pay anywhere else and when we look here at
variable cost per hour remember if you just want to go fly an extra hour it
cost you forty three dollars is all so if I just fly to your one hours ear well
it just cost me another forty three dollars all doesn’t cost me the whole 54
that we factor down in there and then variable cost per mile as far as driving
do you want to fly or drive so you buy your own airplane you used to commute a
lot and you say well now that I own the airplane maybe I’ll fly it more instead
of driving what about 46 cents a miles which you can figure if your cruise in
about 95 miles an hour and which is pretty typical for a Cessna 150 it’s
capable of doing 95 miles an hour and cruise plate maybe even faster if you
clean it up polish it up real nice so yeah 46 cents a mile it’s comparable to
driving truck you know to go somewhere so that’s some you know pretty
reasonable rate of owning a Cessna 150 it’s pretty darn cheap now you may say
yeah well but John I don’t fly 50 hours a year and this is not economical for me
to do I only fly 10 hours here and that’s crazy I can’t pay two hundred
sixty three bucks an hour just to own my own airplane I’d be better
just renting from an FBI even if it was $120 an hour and yeah yeah you’re right
I mean it’s you know it’s just what it cost so basically what if you just found
a couple friends that were in the same boat as you that maybe you all only flew
1015 hours here well if you got four guys and you all fly 15 hours here
you’ll have 60 hours now all of a sudden all of you can fly for 80 bucks an hour
so as soon as you throw us some extra people in the mix and start using the
airplane a little bit more becomes real economical that’s where clubs come in
and even you can say well yeah but clubs charge monthly fees well this number
takes care of all that if a club with four guys you know was formed and you
flew 15 hours a year each well it’d be 1,200 bucks a year each would cover all
your expenses and all your flying and everything so that 15 hours or even if
it’s only 10 hours each well it’s still a pretty reasonable rate now it’s 98
bucks an hour so if you do decide you know okay I’m gonna fly 25 hours a year
and I got my buddy he’s going to fly 40 and I got my other buddy he’s gonna fly
25 and he all get together any fly 90 hours a year the airplane starts getting
really really cheap and very really affordable and it makes sense to own one
this again covers all of your expenses your annual your your insurance your
hangar and all of that is all factored into that one number now if you put a
bunch of people on the airplane four or five different guys are flying it
insurance might go up a bit so you’re gonna have to kind of take that into
account maybe that would make that number come up just slightly but not
much again insurance is fairly cheap on an airplane as long as nobody has any
accidents or any you know big things on their record so it really is a good
thing to consider buying and owning an airplane and if you’re just looking at
it for the purpose of time building you may say you know one of the things might
notice is oh well this financing depreciation well what about
depreciation the airplane depreciates well we’re talking about buying a 150
from like 1960s 1970s they’re not going to depreciate a whole heck of a lot
timewise now as far as putting more hours on the airplane
there might be a slight amount of depreciation but the engine deposit
really covers that and when you put a brand-new engine on the airplane from
the engine deposit that bumps of a you’re playing
substantially on the market so depreciation of the airframe is not
really a concern here so if you can find some guys and you can all fly reasonable
amount of time it makes pretty good sense to get together and form a little
Club and own your own airplane rather than having to rent from an FBO or rent
from a flight school so just kind of use this little spreadsheet here and try to
figure out what a good break-even point would be and what we’ll do is we’ll
throw this spreadsheet up on our website on flight Mike alpha comm so you can
download it we’ll throw up a couple others do some other videos comparing
there between owning like a 150 and maybe a fabric airplane like a champ and
maybe comparing the cost of flying or striving in a airplane that you use to
really go somewhere like a like a Mooney or something like that it goes a little
faster so one other thing we want to show you here is what we actually
experience because all these fictional numbers are all fine and dandy but what
did we actually experience our cost to be four over the course of a year
owning an airplane flying at 400 hours so we flew 400 hours these are our
actual maintenance expenses and what we actually paid for fuel oil all of that
and it came down here we paid 14,000 by the airplane we sold it for 15,000
actually when we’re all said and done we didn’t factor in the extra thousand we
got back in here but you know I mean if you did factor in that extra thousand if
you took a thousand off total fixed cost I would be pretty substantial there and
showing in your hourly rate so here’s what it actually costs us was 49 bucks
an hour to fly our airplane 400 hours over the course the year paying for all
the hundred hour inspections the annual all that sort of stuff all the meetings
everything tie down insurance all out the door 49 bucks an hour pretty good
deal so definitely encourage you guys to look into it and like I said we’ll do
some other videos comparing some other airplanes to purchase throne leave us a
comment in the comments below about what kind of airplanes that you’d like to see
us compare and contrast one thing I want to point out before we go is these
maintenance rates here um can go up or down if you have every single little
thing done on the airplane and every time a screw comes loose every time you
know anything bothers your light bulb burns out you call them
Kanak and you’re paying 100 bucks an hour some of these prices are probably
to go up and that’s going to affect this number here a little bit but conversely
if you do a lot of the work yourself like you help out on the annual in you
you’ll do some your own oil changes own break changes tire changes things like
that that’s really going to help the cost and if you can find a good A&P on
the field that’ll let you do a lot of your own work and supervise you and sign
off the work as you know being done in accordance with the service manual and
he’s looking over your shoulder then that can see quite a bit of money there
too and decrease this number to make it even more affordable so thanks so much
for watching make sure you give us a thumbs up and subscribe to our channel
to keep up with all our latest videos if you have any questions at all leave them
in the comments below let us know what you think about what would be the best
airplane to own what’s the most affordable airplane to own with a lowest
total cost of ownership flying maybe about 50 to 100 hours a year and
remember if you can’t fly everyday then fly it Mike alpha comm we’ll see you all
next time


  1. I purchased a '72 150L for my daughter to get her ppl with. Your cost figures are very much inline with my real world costs. With patience and attention to detail, deals can be found. Then add a little sweat equity throughout the year, cost of ownership will absolutely surprise you.

    So yes, these figures are inline with the real world. Thanks and keep the good information coming. 16yr old daughter and myself are throughly enjoying and learning from them.

  2. My dad is an AME, a few pilots would trade annual inspection for a flight somewhere for my dad and I
    I’d help do the work, pilot flys us to some remote lake and comes back a week later to pick us up (dad paid for fuel)
    Pilot saved some money, we got some great flying and camping experiences
    Everyone happy in those deals

  3. Such a good channel…my heart is heavy for the lady pilot that stalled and crashed…she sounded like a lovely woman.

  4. Awesome video! Thanks for posting this!

    I was wondering if anyone knows if using a plane like this (or the Onex) is a practical means of traveling long distances regularly (like twice a month on clear days/daytime only). For example, if I lived in NV and wanted to fly regularly to CA, could that be done? I know it technically can (it's within range), but that doesn't mean it's feasible.

    I'm seeing on MojoGrip's YT channel that a Sonex can go for 24k used (guessing he means the one seat Onex). According to the company's website, it can acheive 155 mph TAS @ 44.25 mpg. Has a range of 530miles and can cruise around 130-150mph. Putting aside the 5k and all the work that goes into getting a sport license, does owning and flying yourself make more sense than buying a plane ticket if you want to regularly fly?

  5. Hey, is it possible if anyone could explain what he did to actually get the final number? like the math or what he divided by what and so on??? would be so helpful. THANKS

  6. Could someone please give me the math that he is using here or at least a version of their spreadsheet or even this spreadsheet becauser I can't figure out what math he is using to get his numbers!!!

  7. A lot depends on where you live. Here on the CO front range a C150 would be impractical due to winds and our 6500ft alt here in COS. I've sliced and diced the math and it's a bridge too far. You basically have to have a hanger here due to hail and the harsh elements, the only tie downs I see are transient aircraft. Even if I was given a FREE airplane the fuel, oil, ins, annual, mnx, small reserve for upgrades/overhaul and it's pushing $15,000 annually based on 100 flying hrs. And that's not factoring in the plane itself! You can rent a GPS IFR equipped C172SP or even a Hawk XP for about $150/hr. It comes down to wanting the flexibility and prestige ownership gives you. Here, you need deep pockets. I'm not convinced that older light aircraft are much of an equity investment but not sure on that.

  8. Jon,
    I have a question for you!
    Have you ever heard of a plane called the( Merlin PSA)?
    A single seater which comes as a trike or tail dragger!!
    I am interested in it!!
    A builder assist project plane down in Florida!!
    It is supposed to be an easy 51% kit build plane!!
    I want to be able to do all my own maintenance because I am so inclined in that area!!
    Plus I want to build my own plane!!
    But don’t want to take years of spare time doing it!!
    As a personal sport air craft, what is your opinion sir!!?
    I am in the info stage at this point!!
    Just curious as to your thoughts!!
    Thank you for your Vlogs Jon.
    They are very informative !! Keep up the good work.
    Enjoy your venture to the lower 48!!
    I am following you and your friend ,, enjoy your extended trip!! G – Man

  9. This is the first time I've seen this channel. I'm finally seeing answers to practical question that nobody ever seemed to talk about regarding cost. I thought is was much higher. Thanks !

  10. Bought a C-150 4 months ago and my costs are pretty much in line with yours except the maintenance costs can go down quite a bit if you do the work yourself. Insurance for me as a zero time student was $640/year for $15k hull. Taking my checkride in 3 weeks then I will pass the plane to the next guy.

  11. This has helped shed some light.What about fractional ownership vs renting?Our fbo is $150 wet for an hour plus renters insurance.We have both tie down and hangers.But the hangers are more so reserved for the expensive planes.

  12. Could you do a what it costs comparison for a J3 Cub a PA 11 Super Cub or PA 18 and give us the info on these famous old planes

  13. that's all it costs to own and operate a cessna 150?! wow… but don't you have to pay the airports anything to take off and land from their runways? does tie-down cover that too?

  14. Hi there, very good info. In the market for a 172, not that I am picky but my son is a big guy and so is his CFI. Do you have a spreadsheet for a 172??

  15. What about the expensive infrequent stuff like engine overhauls or replacement? I'm led to believe that such things have to happen on a fairly regular basis, and you need to bring money.

  16. So it costs just as much as booking a flight like “regular” folk. Unless you are a rich person and have other considerations

  17. Including monthly flying club dues, I pay 45.60 per hour for a C150 at 100 hrs per year. Beats owning and renting and I'm insured through the club (Hull & Liability) included in that rate.

  18. I am a student sport pilot getting ready for checkride. I am buying a new plane. The aero legion or l600 is 150000. It will come with auto pilot, full dynon glass panel, leather heated seats, parachute for the plane and rotax 914 turbo engine. A 30 year old 150 is nothing I want to fly across country in.

  19. Excellent video. Though I do wonder how much more you could save if you have your A&P license. You can perform and sign off your 100 hr. and do the work for your annual. Only need the IA to sign off the annual.

  20. I new to all of this, is buying a 60s, 70s plane safe to own and build hours own? Are older planes prone to failures and safety problems?

  21. I used to write out my presentations to eliminate the ummmms…try it and you'll get a sub and thumbs up…

  22. Its entertainment only, there is almost no way to rationalize a plane based on economics. If you think its economic, your just kidding yourself. You can drive a Toyota 100 miles on 3 gallons of gas, 10 bucks in gas or 10 cents a mile. You quote 50 cents a mile, but when you get to the airport you have to rent a car to get anywhere besides the airport. Plus there is the danger, the dependance on weather, and the preparation time for each flight, all make it impractical for transportation, which means its just entertainment. Its a toy, nothing more, don't kid yourself.

  23. Different "aviation cost" videos give wildly different prices for annuals, as someone new to aviation, I'd like to get a realistic price for an annual. Another video I just saw was stating $3K to $5K for an annual (labor plus parts) for his 1963 Mooney, which he got down to maybe 2 grand for an owner assisted annual. That video also claimed $10K for his first annual due to lots of repairs since he had just bought it. My guess is the type of aircraft greatly affects the cost of the annual? How likely is it one will find a clean 150 Cessna that doesn't need a lot of parts initially at that price?

    Also, I have a related cost question that confuses me. I took a look at the cost of brand new aviation engines, and one typical list will show 100-135 hp engines for $14,000 to $40,000 from one company (Rotax), then another company (GM) may sell a 300 hp engine for only $9000. How is it smaller aviation engines are more expensive than larger ones?!? Are non-US engines tariffed heavily or something?

  24. Great video, I'm trying to replicate for a PA-22 Tri-pacer in Canada.

    Is it possible to get the spreadsheet without a paid membership to your website?
    I've tried to replicate but for some reason my numbers come out differently…
    Alternatively are you able to show the formulas on the "Variable Cost per Hour" and the "Total cost per hour" ?
    Thanks in advance!!

  25. I was thinking about buying a aircraft for under $10000. my income is about $300 a week, could I afford it? Ive never had a plane or license before.

  26. Even if it’s more economical to rent, it’s cool to have your own plane.

    I always like to buy things I’m passionate about even if it costs more than another option.

    I’m sure lots of pilots feel the same!

  27. A 172 here in anchorage is 165-189 an hour dual 145-160 solo. typically you can fly a 172 at 8 GPH plus about 50$ an hour in hourly incidental saving. So I can own and fly for 80-90$ an hour solo and rent the instructor for 30-40 an hour so I’m saving roughly 50-70$ an hour. So basically for each 1-1.3 hours of renting I can fly my own plane for 2 hours. So for what I spend on a normal two hour rental ($304ish @ 152hr mean average) I would get 1.4-1.6 hours “free” that’s $134 for the average flight in savings multiply that by flying once a week means you save $6,968 a year. If you could somehow set aside that 7k each year you’d be able to overhaul/replace the engine every 3-4 years if you wanted. Or buy that fancy glass panel you want, or fly another 80 hours a year.

  28. Are the spreadsheets still on the website? I am taking lessons now and would love to own a plane one day, this would help convince my wife.

  29. A few comments:
    1. It's totally not true that your engine must be overhauled at TBO. The TBO number absolutely does not apply to pt 61 or pt 91 flying. In fact, many flight schools don't even do that. Studies show that engine failure happens in the first 250 to 500 hours after SMOH, not at the other end of the spectrum. Further, your engine doesn't magically decide to fail at some point. A better way to go is to do an oil analysis at every oil change, do a boroscope ever you pull plugs or have an annual done and pay attention to what your engine is saying to you from oil temps, oil burn and engine noise.
    2. Annual cost is highly dependent upon the airplane type and location.
    3. Tying down verse hangar…In many areas of the country, tying down will end up costing you in more in maintenance than having it hangared.
    4. For a 150/2 doing the Mogas conversion would be advisable. The club I belong to, did exactly that. The cost to use the plane is $69.00/hr.
    5. Proficiency really dictates that a pilot should be flying five hours per month (and not the same hour, doing the same thing, five times in a month.)
    6. Insurance. The biggest thing you can do to get your insurance costs down is to build hours (above 250), fly more than 30 to 50 hours per year, and get your instrument rating. Of course, also keeping the plane hangared helps. As does belonging to the EAA and AOPA. Plus taking the insurance company recommended classes.
    Just a note only because you asked: As far as certified non-LSA aircraft are concerned: I Piper Warrior has 25% less parts than does a Cessna 172. Plus, you've got to love the blue collar/off the shelf mentality that went into building them.

    Great video. Keep it up.

  30. Nice and informative vid. One critisim for us newbies….Please explain the acronyms you use so we don't have to stop the vid and google what it is you are talking about. Specifically you throw around three acronyms: hobbs, fbo and A&P tech. Would take only an extra minute to explain the acronyms that you seem to think everyone already knows.

  31. When you rent a plane and they charge by the hour is that flight time or real time? Like say I fly to a destination five hours away and then stay there for the day and come back 5 hours flight making it 10 total but I had the plane maybe 18 hours. Do I pay the 10 hours or 18?

  32. Is there not some type of cargo or something people can transport in these planes instead just flying around aimlessly to build up hours ?

  33. Great video, Thanks! One question, I'm thinking about buying a 150 or similar to build hours toward my IR. But I've been unable to find anything anywhere near that $16k price range, even without IFR avionics. Any suggesting on where to look for something like this?

  34. In CO an owner assisted annual for a 150 is around $850.00. If you know anyone who does it cheaper please let me know.

  35. I own my plane. Purchase in 1972. 1969 Cessna 150J. The cost in 45 years or so has been minimum.

    I'm much older and still fly once or twice a month if possible. My grandson, is taking his private license.

    I will pass on this aircraft once he's old enough to care for her. I've have taken excellent care to every little details.

    Thank you

  36. In a few years when the mortgage and car are paid off, and credit card balances are down lower (I live in a small rural Southern town that has nothing but an, ugh, Walmart, so most anything I need or want I have to get online), I might be able to get a surplus D7 Battle Cruiser or ancient Cessna 172. A limiting consideration is the nearest CFI is almost sixty statute miles away.

  37. Can an aircraft engine that’s flown often (almost every day), make it above the 1800 hr mark before overhaul?

  38. Would love to see this video with other planes, better than a Cessna… top 10 plans to own with 4 passengers…

  39. So many wishes in this video. Most engine need a top end overhaul at 700-ish hours (especially if you only fly 20 hours a year). So add $5k. Very, very few engines reach TBO.
    Oh yeah, enjoy your $3k ADS-B out upgrade costs and radio re-certification.
    This video is a good exercise in wishful thinking.

  40. Thank you for this video. I am about to enter flight school with a boyhood dream of becoming a commercial pilot. My wife's dad owns 2 planes and she said we should just take his. I thought about selling my sports car out right so I can buy a good condition used plane. I figure I will miss the sports car but in the long run in commercial land, I can always buy another…and some!!! 🙂

  41. Anyway you could provide the spreadsheet to download so we can use it to calculate costs on buying an airplane? I'm trying to copy yours but it would be easier to get yours as a template.

  42. Want to rent a modern C172 G1000 in America? Sure, why not, its just ~$100 per hour.
    Want to rent a basic 1960 C172 VFR equipped in Germany? Give me just 250€ and its yours for an hour.

  43. Thank you for the info! I'm a student pilot seriously considering buying a plane to train and build some hours in. Very helpful!

  44. Doesn't cost anything to own a plane, but it costs a lot to buy one. My first one was $38 off ebay, my second one $99 off barnstormers, and my third airplane free… plus well, the gas to go pick them all up. You've got to be willing to go get them with a flat bed trailer, and have a shop to work on them when you get them home.

    Don't even think about it without acquiring a very long trailer (20ft?) and a shop to hanger and work on them in first. That's my advice.

    Do yourself a favor and avoid the airplane forums though, they do more harm than good – lots of vitriol and an echo chamber of dreamers plus you end up wasting all your time creating forum posts, and not airplane parts. I wasted a lot of time trying to find community, when really there is none. choppergirl.air-war.org

  45. This is a very good video. I'm thinking of buying the Pilatus pc-24 which is about $9m for the base model. I have around $68m in the bank for the sale of a patent. How much do you think will this cost to operate per year? These people in Switzerland are not too clear. I plan to use the plane within the United States frequently and twice or three times per year to fly from New Jersey to Nairobi in Kenya. Thanks

  46. Also some parts that are not airworthy any more still have value as some times aircraft engines are adapted on to other things such as air boats where hours does not mean as much so selling them drops the cost as well

  47. After hanging around a boat owner in the 1980s, I believe my most important parameter is… Living where you keep it. In this case I would want to own a house in one of those rarer residential airparks. These being houses with hangars and a shared airstrip. No cause to fuss about an object miles away and you certainly cannot be without the needed tools when working on it. Of course, then the downside is the absence of convenient fueling and on and on. And no, a tie down would not be enough for me anyway. My problem? I do not have the money!!!

  48. If you're only using the plane for 90 hours out of the year then can't you make back a lot of the cost and maybe more by renting it out?

  49. What if you bought a Cesna 150 and rented it out to a flight club who needed an extra plane? You could own the airplane, use the money you make off the rent to save for your flight training, and when you're done sell the plane to the flight club to recoup the initial investment or keep it for personal use. Thoughts?

  50. What about a cost of a hanger? Could you not also partner with a mechanic… As in, so many hours a year free pilot work in the same plane.

  51. Geee I remember way back when when I joined the CAP and the CAP flying club.
    Now was in the late 70's and I was paying $12 for the 1964 or the 1959 150 wet..and the instructor was $5 an hour.
    I strongly suggest looking into joining a flying club.
    Or join the CAP.
    But then I also use to wash and wax aircraft for flight time.
    OH NO…A MISSPENT YOUTH…LOL…I'd do it all over again…

  52. No idea where you are finding airplanes that cost $18K to purchase! Everywhere I look is around $180K minimum.

  53. I would never leave my airplane outside tied down. It would be junk in ten years. So make that $275.00 a month for a T hangar.

  54. This is a fantastic video. Especially for myself, someone who has 12 hours spread out over 14 years oh, haha. I can't wait to own my own plane it's an experience I would love to enjoy with my son

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