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Old 10-24-2018, 06:14 AM   #21  
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I knew a fellow who went in with his brother and they bought a light twin together. They did a lot of their training in it. When they were done, they sold it for what they paid for it. Free twin airplane! (But of course they had to put up the money in the beginning.)

Looking at it from the opposite point of view, it should be mentioned that if there are any mechanical problems with such an airplane, the "owners" have to pay for them out of their own pocket. It seems the minimum price for anything that goes wrong with an airplane nowadays is a thousand dollars! And what does insurance and an annual cost nowadays? How about engines that have a high TBO (time before overhaul)? The nice thing about renting is there are no maintenance costs (which can be huge).

Twenty years ago, we used to say a light twin will cost you $40,000. If you buy one for $20,000, guess what? You will spend another $20,00 getting it ready to fly. How much would that figure be today?
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Old 10-24-2018, 10:15 AM   #22  
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Itís been a few years since I have last spoken to prospective pilots thinking about the profession. And often a kid comes to the flight deck with similar questions. Could someone ballpark me the new figures for the following?

Part 61 local flight school private pilot rating cost?
Part 61 local flight school private through IFR, commercial, multi and CFI?
4-year aviation degree at a college with 141 program?

Last I knew it was 5k for a private, 30k for all your ratings at college (flight training costs only), and if you went to an ERAU/UND you were looking at 100k+ for your bachelorís degree.

Thanks
Private: about 10k
0-cfi: approx 50k



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Old 10-25-2018, 03:01 AM   #23  
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I don't think it's usual to start PPl with buying a plane immediately... I think it pays only if you rent it for a flight school / sightseeing flights / PIC building time pilots etc etc... but there is a chance you cant fly your own airplane because it's busy when you random want to fly....
and other question is the accidents.... when stg gets broken, by an other pilot, needs time to fix it... so its risky.
Better to rent it for a flight school than private pilots without a company behind.

If you dont give for rent your future cessna it just cost a ton of money... :-/

btw would be cool to own an airplane

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I am interested in going through flight training. There is a flight school close by to me, they have (3) cessna 150 for 75/hour and (2) cessna 152 for 80/hour and I think an instructor is 25/hour. I am trying to save enough money to go straight though from 0-cfi. I want to do it in the fastest cheapest way possible. I think that would mean saving enough money to go start to finish so I can do it fulltime. What do you think the total amount of money would be and what is the fastest I could complete this if I am doing it fulltime?Currently I have a four year degree but there aren't any jobs I can get with it. I have a job I hate unrelated to my degree and dont make much money. I am living at home so can save most of what I earn. I hope to save enough in 2-3 years. Or I could take out a loan and start now. I am also considering buying a cheap cessna 150 for training but not sure if that would save me any money.
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Old 10-25-2018, 11:41 AM   #24  
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Private: about 10k
0-cfi: approx 50k



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Thatís quite an investment now, thank you.
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Old 10-25-2018, 03:10 PM   #25  
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Last I knew it was 5k for a private, 30k for all your ratings at college (flight training costs only), and if you went to an ERAU/UND you were looking at 100k+ for your bachelorís degree.

Thanks
I used to pay 12-15 bucks an hour, and that's been a while. Today it's out of sight.

A good deal these days is 125 an hour plus 30 for an instructor; the national average is 60-80 hours for a private. That's 9,300-12,400 just for the airplane. Add 600 for the examiner, 500 for a headset, 600 for books and groundschool or training, and incidentals, and it's closer to 15,000 for a typical student to get to the private.
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Old 10-25-2018, 03:23 PM   #26  
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I used to pay 12-15 bucks an hour, and that's been a while. Today it's out of sight.

A good deal these days is 125 an hour plus 30 for an instructor; the national average is 60-80 hours for a private. That's 9,300-12,400 just for the airplane. Add 600 for the examiner, 500 for a headset, 600 for books and groundschool or training, and incidentals, and it's closer to 15,000 for a typical student to get to the private.
I'd say it's extremely rare to see IPs bill out at less than $45/hour now. Most flight schools pay $25+ an hour. Many pay over $30.
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Old 10-25-2018, 04:07 PM   #27  
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I know. That's why I said those numbers were a good deal. A worse-case scenario may cost considerably more.

The instructor, however, isn't the lions share of the cost of learning to fly.
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Old 10-25-2018, 04:27 PM   #28  
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Thatís quite an investment now, thank you.
What time period amounted to 5k for PPL/30 for everything?

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Old 10-25-2018, 04:37 PM   #29  
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What time period amounted to 5k for PPL/30 for everything?

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The nineties.
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Old 10-25-2018, 05:18 PM   #30  
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The nineties.
Well 30k in 1995 is approximately 49k in 2017, so things have stayed mostly the same

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