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View Full Version : Buying My Own Personal Plane


airapparent
05-28-2017, 05:38 PM
For the pilots out there, have you ever bought your own personal plane? Any recommendations for the type? I'm not looking to go over board on the spend, but would like to know what someone thinks is a good practical plane for flying in my time off.

Thanks,


gnew2
05-28-2017, 08:18 PM
I would recommend a quiver of airplanes... one for each mission. A Super cub for off airport stuff and camping, maybe a Goose for those trips to remote islands in the Bahamas... and maybe a Citation for those trips to Hawaii. Oh and a Bell 407 for trips to the grocery store! Good luck in your quest :)

Fast90
05-28-2017, 08:59 PM
Piper Archer. Good performance and cheap to operate.


awax
05-28-2017, 09:49 PM
Mitsubishi MU-2. Great twin engine reliability and affordable.

Sam York
05-28-2017, 10:27 PM
For the pilots out there, have you ever bought your own personal plane? Any recommendations for the type? I'm not looking to go over board on the spend, but would like to know what someone thinks is a good practical plane for flying in my time off.

Thanks,

Step 1. Define what you want to do with the plane.
Travel? Fun flying/$100 burger? Acro? ect.

Step2. How much can you spend AND afford to own?

These 2 questions will get you into the ballpark of aircraft.

My bug smasher (c-140) costs me about $700 per month to own and fly. I fly it for fun about 100 hours per year.

-Hangar 250/month or 3k year.
-Insurance 600 year
-MX 2000 year. Some years I'm under some I'm over, like 3 years ago when I replaced the mags and starter.
- gas, 5gph at $4.5/gal at 100 hours/year is $2250

Total 3000+600+2000+2250=$7850 or about 8k.

8000/12=$666 or $700/month.

I bought the plane for cash 7 years ago when I was a 190 FO on LOA93 wages. Back then I budgeted 3 hours per month to stay in my financial lane. As my pay and seniority has increased I don't really budget hours per month anymore. If it's nice I go fly. I'd rather have a simple bug smasher that gets me in the air then a more expensive plane. Although I have my eye on a O-1 Bird Dog. That will about double my flying budget. I still need to save about 50k so it's about 1.5 years off until I decide to cross that bridge. I have a rule of no financing toys, my plane, motorcycle, mountain bikes, skis ect. are all paid with cash.

Good luck. I've had a blast with my plane I the past 7 years. And now I can hold vacation over Oshkosh so I'm going to stuff my ass into that thing and head out there this year. Anyone got any tips on stuffing camping great into a 2 seat bug smasher?

sourdough44
06-11-2017, 11:59 AM
I'll go with something along the lines of the Archer, up or down a bit depending on $$, time & planned use.

Yeah we all know what's cheaper to rent, no need saving all the $$ for the ex's or when one is laid up at 75. I spend some cash on recreational flying, just have to prioritize.

hindsight2020
06-11-2017, 12:24 PM
I own an Arrow II. Before that a Warrior II. Before that a C-150. It depends on your "mission" and amount of money you can afford. My avocation runs me 10K/yr all in with 70 hours a year. Some years more some years less. That's with cheap hangar, which is actually the biggest variable and obstacle to airplane ownership for people who live in "well to do" metro areas. There's a myriad of cities in the Country where I could not own my own airplane precisely because of lack of availability of storage and/or unaffordability (aka exceeds housing costs!), even though I otherwise can afford it in the rest of flyover Country. Lots of variables, details matter. Good luck.

PerfInit
06-12-2017, 06:02 AM
There are two happy times in an airplane owners life:

-The day you bought it
-The day you sold it

If it flies or floats, its cheaper to rent...
Seriously, try renting for a while and see how much
you really have time (and money) for pleasure flying.
One AD or major mechanical breakdown (engine overhaul
for example) can consume much of your disposable
income rather quickly. The Cost of ownership
is significant.

NatGeo
06-22-2017, 01:57 PM
They are getting pricey, but a C-185. All in all, I think it would be the best bang for the buck personal airplane.

dustrpilot
06-23-2017, 03:23 AM
They are getting pricey, but a C-185. All in all, I think it would be the best bang for the buck personal airplane.



And with the 185, you won't have to worry about most of your friends wanting to borrow it, lol!


Sent from my iPhone using Tapatalk

Csy Mon
06-23-2017, 03:47 AM
They are getting pricey, but a C-185. All in all, I think it would be the best bang for the buck personal airplane.

Nice planes.
Flew them for a living in Alaska, would love to have one for fun.
Dear Santa..:rolleyes:

CrimsonEclipse
06-23-2017, 06:51 AM
If it floats, flies, or fornicates, rent it.

di1630
06-24-2017, 08:44 AM
I bought a Piper Cherokee 10+ years ago. Runs on auto gas, fixed gear but performance to haul 4 persons with gear and long XC legs. Its been great.

The bad, I am currently overhauling the motor and its $30K and rising. You wouldn't think a USED crankshaft would cost $10k on an air cooled motor but its better than $25K new

dustrpilot
06-24-2017, 10:30 AM
I bought a Piper Cherokee 10+ years ago. Runs on auto gas, fixed gear but performance to haul 4 persons with gear and long XC legs. Its been great.



The bad, I am currently overhauling the motor and its $30K and rising. You wouldn't think a USED crankshaft would cost $10k on an air cooled motor but its better than $25K new



I've owned my 185 for just a year now. Test flew the factory new engine this morning. I didn't see that one coming, but it is a hazard of ownership.


Sent from my iPhone using Tapatalk

jonnyjetprop
06-24-2017, 01:54 PM
My take on a lot of the lower end 1960-1970 vintage planes is that they are more like cars. Figure they will have zero value in 10 years.

With the value of a Cherokee 140 being max $30,000, I would have looked at a used engine or considered parting out and buying another one.


I bought a Piper Cherokee 10+ years ago. Runs on auto gas, fixed gear but performance to haul 4 persons with gear and long XC legs. Its been great.

The bad, I am currently overhauling the motor and its $30K and rising. You wouldn't think a USED crankshaft would cost $10k on an air cooled motor but its better than $25K new

dera
06-27-2017, 12:21 PM
My take on a lot of the lower end 1960-1970 vintage planes is that they are more like cars. Figure they will have zero value in 10 years.

With the value of a Cherokee 140 being max $30,000, I would have looked at a used engine or considered parting out and buying another one.

If you intend to keep the plane, overhauling the engine is a great way to buy a lot of peace of mind. Financially it makes no sense at all, but flying behind an engine you trust 100% is priceless.

CrimsonEclipse
06-27-2017, 07:16 PM
If you intend to keep the plane, overhauling the engine is a great way to buy a lot of peace of mind. Financially it makes no sense at all, but flying behind an engine you trust 100% is priceless.

Never seen an engine in my life that I trust 100%

hindsight2020
06-27-2017, 10:15 PM
10K is def on the high side for a used lycoming O-320/360 crank. 30K is def on the high side for an O320/360 overhaul, unless you're doing all accessories too on a high faluting name-premium shop to new limits. I'm with the gallery on here, on a vintage cherokee (140/180/basically anything fixed gear hershey bar wing), you're better off swapping the motor for another used one or doing a more aggressive shopping for a field overhaul. But your money, your circus. At least you don't have angle valve cylinders like I do. Pricey. I'm an IRAN guy though, I have a lot more risk tolerance to running Lycomings on-condition. To each their own.

sailingfun
06-28-2017, 06:06 AM
Take a look at the Vans RV's. Faster, aerobatic models, much cheaper to maintain and you can do all the maintenance yourself. Fantastic community and always someone to help!

SpeedyVagabond
07-01-2017, 09:16 AM
Get sonething fun! Low, slow, and capable of some Gs. Citabria or a Decathalon. Do some rolls and loops and spins on your way to the cheeseburger and coke. Remind yourself that your feet exist for more than just applying an occasional top rudder and toeing the brakes.

di1630
07-17-2017, 04:09 AM
10K is def on the high side for a used lycoming O-320/360 crank. 30K is def on the high side for an O320/360 overhaul, unless you're doing all accessories too on a high faluting name-premium shop to new limits. I'm with the gallery on here, on a vintage cherokee (140/180/basically anything fixed gear hershey bar wing), you're better off swapping the motor for another used one or doing a more aggressive shopping for a field overhaul. But your money, your circus. At least you don't have angle valve cylinders like I do. Pricey. I'm an IRAN guy though, I have a lot more risk tolerance to running Lycomings on-condition. To each their own.

It was an O-540...6 banger...235HP. Overhaul because I had a cam issue so I figured why not....motor was past 2,000 hours 30K for a carb and magneto overhaul as well plus new cylinders. Hoping I get another 30 years out of it.

jetlag q
01-15-2018, 08:56 PM
i would suggest buying a plane with like minded individuals. so you share the cost.

carlapilot
04-23-2018, 10:52 AM
my biggest dream is also having an own airplane. Just visited the expo.. its amazing what kind of new planes are there... I hope I ll be rich one day :)

i would suggest buying a plane with like minded individuals. so you share the cost.

Excargodog
04-24-2018, 06:12 PM
If you need a four place, Cessna 182. If a 2 place will do, an RV.

carlapilot
04-27-2018, 07:50 AM
and fuel cost doesn't matter?
like if you have a plane which uses 95 ? much more cheaper than 100LL

If you need a four place, Cessna 182. If a 2 place will do, an RV.

Excargodog
04-27-2018, 08:56 AM
and fuel cost doesn't matter?
like if you have a plane which uses 95 ? much more cheaper than 100LL

The O-470s in most 182s were designed for 80-86 octane. Their compression ratio is only about 8:1. An STC for unleaded 86 (without ethanol) mogas is available which, yeah, will save you a buck and a half a gallon if you don't mind the hassle or if you live near an airport that has a mogas pump. And if you truly need a four place, it's an HONEST four place with decent speed and cheaper to insure and maintain than a retractable.


The 2-place RV of course depends upon which RV and which engine, but cruising at 6 gal per hour is pretty cheap as airplanes go either way. A lot of fun for the money, if you don't need the extra seats or cargo lift. Avionics are infinitely cheaper and often better than most certified aircraft. Insurance may be a little higher, especially if you are low time or if it's a tailwheel model.



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