ATP Can Finance everything
#71
Gets Weekends Off
Joined APC: Aug 2018
Posts: 241
Back when I was doing the independent CFI gig 2014-2017 I was charging $50/hr and had way more work than I could handle. I’d reckon I wouldn’t dare do it for under $70/hr if I was to ever get back into it. Probably $70 primary/$90 advanced if I had to do my WAG market assessment without looking at what the liability insurance market has done in the last 3-4 years.
#73
Occasional box hauler
Joined APC: Jan 2018
Posts: 1,683
$35/$50 for a CFI? Please list where. The ones in Vegas go from $75 upwards..and that was at a local flying club. Worth noting, the places I spoke with all started the clock the moment you walked in the door. By the time you've had some pleasantries and walked to the plane you are 45 mins in. The instructor I have at the moment charges by flight time. On average, with say 1.2 hrs flight time, but over 2.5 hrs total, I'm only paying $120. Previously I've spoken to clubs in CA and FL, all who were charging $75 upwards. Based on that, would love to know where these $35/$50 instructors are. Are they seasoned flyers or just time builders? I'm guenially interested.
PS - The flight club in Vegas was charging $140 p/h for a C172.
PS - The flight club in Vegas was charging $140 p/h for a C172.
#74
Line Holder
Joined APC: Oct 2012
Position: Mooney driver
Posts: 48
Many places? Maybe take a peek outside of major ridiculously expensive metro areas? I’m assuming many of you live in crazy populated areas near crazy busy Class B & C’s. Just flying out of a non-towered field alone will save you a boatload. I completely disagree with the “you get what you pay for” assumption too. To each his own. For years I know that the “7 day” IFR guys charge a boatload for hourly and they have had waiting lists. Yet if you take a small trip to the suburbs or the heartland and you’ll find the $35-50hr all over. Here are two examples out of Ann Arbor (a pricey area too):
A student has the right to shop around. I just perused ATP’s web site and they advertise $83,995 for 305 flight hours to get up to Multiengine/IFR/Commercial. That’s $275/hr average. I’m blown away that anyone would pay that yet kids are “paying” $50k a year for online Harvard U.
Hey - if Sleepy Joe is going to “pay for it” then why not? It’s all free money.
A student has the right to shop around. I just perused ATP’s web site and they advertise $83,995 for 305 flight hours to get up to Multiengine/IFR/Commercial. That’s $275/hr average. I’m blown away that anyone would pay that yet kids are “paying” $50k a year for online Harvard U.
Hey - if Sleepy Joe is going to “pay for it” then why not? It’s all free money.
#75
Many places? Maybe take a peek outside of major ridiculously expensive metro areas? I’m assuming many of you live in crazy populated areas near crazy busy Class B & C’s. Just flying out of a non-towered field alone will save you a boatload. I completely disagree with the “you get what you pay for” assumption too. To each his own. For years I know that the “7 day” IFR guys charge a boatload for hourly and they have had waiting lists. Yet if you take a small trip to the suburbs or the heartland and you’ll find the $35-50hr all over. Here are two examples out of Ann Arbor (a pricey area too):
A student has the right to shop around. I just perused ATP’s web site and they advertise $83,995 for 305 flight hours to get up to Multiengine/IFR/Commercial. That’s $275/hr average. I’m blown away that anyone would pay that yet kids are “paying” $50k a year for online Harvard U.
Hey - if Sleepy Joe is going to “pay for it” then why not? It’s all free money.
A student has the right to shop around. I just perused ATP’s web site and they advertise $83,995 for 305 flight hours to get up to Multiengine/IFR/Commercial. That’s $275/hr average. I’m blown away that anyone would pay that yet kids are “paying” $50k a year for online Harvard U.
Hey - if Sleepy Joe is going to “pay for it” then why not? It’s all free money.
#77
Interesting article I saw online today saying flight schools are still very busy ----->
https://www.flightglobal.com/strateg...141889.article
https://www.flightglobal.com/strateg...141889.article
#78
New Hire
Joined APC: Jan 2022
Posts: 4
Older + Financing
From reading this thread it appears as if financing is not the way to go. I am older, just turned 50, and want a career change. I work in the fire service and have had enough of it. I am not retired and want to work at least another 15 years. I have savings enough to live for the entire time I would be in school and I have a local flight school that I can go from zero to cfii and commercial, for just under 60K. I am contemplating taking a loan or a home equity loan to pay for it. How stupid of an idea is this? Does any one know of any good lenders that do not have huge interests rates? Thank you for all of the feed back. Also I do not want to go major airlines, I am thinking business avation or air cargo.
#79
Line Holder
Joined APC: Oct 2012
Position: Mooney driver
Posts: 48
How much longer until you can pull a pension from the fire service? Guaranteed income is a golden goose.
If anything I would pay as you go for your PPL and see if you have the interest and motivation still. Hopefully you’ll see and learn about the challenges of the professional pilot life before committing your estimated $60k.
If anything I would pay as you go for your PPL and see if you have the interest and motivation still. Hopefully you’ll see and learn about the challenges of the professional pilot life before committing your estimated $60k.
#80
From reading this thread it appears as if financing is not the way to go. I am older, just turned 50, and want a career change. I work in the fire service and have had enough of it. I am not retired and want to work at least another 15 years. I have savings enough to live for the entire time I would be in school and I have a local flight school that I can go from zero to cfii and commercial, for just under 60K. I am contemplating taking a loan or a home equity loan to pay for it. How stupid of an idea is this? Does any one know of any good lenders that do not have huge interests rates? Thank you for all of the feed back. Also I do not want to go major airlines, I am thinking business avation or air cargo.
How about you get a private license before you decide about trying to make a career in flying and blowing all your savings on getting all the necessary ratings. It’s a required first step regardless. Then if you like it and aren’t intimidated by the fact that all that training can go down the tubes with one bad physical, yeah, take out a loan the cheapest place you can get it.
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