Originally Posted by
MD11
Hello,
Here is the deal if you want to learn and build hours in the most affordable way,,, you need to buy your own aircraft. Yes, you must learn about maintaining, insuring and keeping your aircraft, but the $$$ saved is immense!
It can be done if you are driven and inclined. My son is 17 years of age and owns his own aircraft. Yes it is airworthy and flies (full IFR with appr GPS). It can be done... the question is: how bad do you want to fly cheaply?
There will be some here on APC that will claim that the cost is beyond affordability... I call b.s. on them.
Here is an approximate breakdown based upon 200 hrs/yr for an ownership period of two years. (400 hours total)
Hangar $300/mo x 24 months = 7200, Insurance $2200 (2 yrs), MX/ annuals and non-routines $2200 (2 yrs), Fuel at 400 hobbs (approx 360 tach) $11,600, Parts & oil $1800. A grand total of $25,000 divided by 400 hours logged = $62.50 an hour. Again these are approximate values but are based on my experience of aircraft ownership for the last 26 years.
I did not include the cost of the airframe because at the end of your 2 years, you will sell the aircraft.
Depreciation is not a factor and at this time, appreciation will be enjoyed for the next few years.
The key to doing this affordably is to learn and know your aircraft mechanically. If you are lazy in this regard, the aircraft will eat your lunch financially.
I pulled two ads from barnstormers below just to show the cost of purchase is reasonable.
1961 PIPER PA-22-108 COLT • $14,900 • AVAILABLE FOR SALE • Wonderful NDH and super low time Colt Fresh Restoration and shop OH engine. Even has the original factory engine and prop Includes all logs and paperwork back to Day 1 at the Piper factory. No excuses or Hangar fire stories here. Only a few owners and has been hangared for the past many years. 2,150 TTSN and 100SMOH. Runs/flies perfectly. Flip Flop Digital Nav-Com and t'ponder. Built in intercom. Fly many hours and still have a low time engine and airframe. Deluxe model with dual wing tanks making it a fabulous cross-country machine. See attached spec sheet. Call or Text anytime • Contact Andy Isburgh located Conyers, GA USA • Telephone: 770-843-9128 . • Posted April 19, 2014 • Display Specs Page • Show all Ads posted by this Advertiser • Recommend This Ad to a Friend • Email Advertiser • Save to Watchlist • Report This Ad • View Larger Pictures
1966 CESSNA 150G • $10,990 • AVAILABLE FOR SALE • 1966 Cessna 150G, TTAF 4503, SMOHE 1703, Tach 2866, Compressions All In The 70's Plus, New Tires And Tubes, Wheel Pants, Fresh Annual, Push Button Starter, Original Air Frame Logs From Day One, Engine Logs Since 1972, One Year Old Battery, Radio Needs Work, Come Pick It Up. • Contact Charles Webber, Owner - located Livingston, NY USA • Telephone: 518 537-7433 • Fax: 518 537-7433 • Posted April 19, 2014 •