Originally Posted by
mcartier713
$15/hour dry, $34/month for dues, and $270/year for insurance... i did the math, and saying that I could sell my share for as much I buy it for, my plane rental for getting my private would cost me about $1600... is it worth it? or should I just buck up and spend $60/hour straight up for a 152?
Let me help you with your calculations. They seem to be a bit off.
- Let's assume you can sell your share for what you bought it for
- Let's assume it takes you 50 hours to get your private. National average is 60-70.
- Let's assume it only takes you 3 months to get your private. It also usually takes closer to 6 months. But if you fly about 4 times a week, and you fly in a good weather area during the spring and fall, I would say 3 months is do able.
- Let's assume avgas is $3.50 a gallon. I pay about $4.00 a gallon, so $3.50 is certainly on the lower end of the spectrum. Assume 9 gallons an hour. Could be slightly more.
- Lets assume the $270/yr of insurance can get prorated for 3 months.
To rent the Cessna 152, it would be 50 hours X 60/hr = $3000.
To rent your aircraft for 3 months and 50 hours:
- $102 in monthly dues
- $68 in insurance
- $750 in dry aircraft rental
- $1575 in fuel
Total comes to $2500. And trust me, that is an optimistic estimate.
EXPECT TO PAY MORE!
Fortunately, for every hour you go over, it is slightly less than the Cessna-152.
Personally, I would suggest buying into this flying club assuming you can leave when you are done with your private. The cost is less, and the C-23 is much more of an airplane than a Cessna-152. So it will be a better experience to fly.