AIRCRAFT OWNERS HELP(Thinking of buying soon)
03-12-2013, 09:02 PM
#12
Gets Weekends Off
Joined APC: Nov 2011
Position: AC90 Left
Posts: 114
I have a pa-23 now ...... how deep are your pockets? .... look for the no AD Top Props, since Hartzell has stopped supporting inspection/dis-assembly on the older HC 82 hubs. Have you decided if you want the 150hp, 160hp, or Geronimo 180 conversion....each one a little more expensive on fuel use. I assume the Geronimo speed mods are not important to your instruction plans. Insurance for flight instruction could be a deal breaker, some companies won't return the phone calls with quotes. PM for more cost estimates.
Originally Posted by elabayarde
Hello,
I am very seriously considering buy a Piper Apache 1956 (Cash). I have several family members who wanna be professional pilots. So, I am considering buying and training them, but I need to have a very indepth understanding of the cost of ownership/ purchasing. If I am going to pay the asking price cash. But please fill me in on whats I can expect to pay after. Thank you guys so much.
I am very seriously considering buy a Piper Apache 1956 (Cash). I have several family members who wanna be professional pilots. So, I am considering buying and training them, but I need to have a very indepth understanding of the cost of ownership/ purchasing. If I am going to pay the asking price cash. But please fill me in on whats I can expect to pay after. Thank you guys so much.
03-13-2013, 11:10 PM
#14
Gets Weekends Off
Joined APC: Jan 2011
Posts: 174
Ownership...
Originally Posted by HSLD
Without knowing the prop and engine specifics this is just a guess......... That said, make sure you have a pile of cash.
Sorry, I have no advice on the matter, but I have started to educate myself on aircraft ownership.......I have a long way to go before I have the most important item.....that LARGE pile of cash!
03-14-2013, 09:36 AM
#15
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Joined APC: Jan 2013
Posts: 834
The costs of aircraft ownership can generally be defined as a combination of direct and indirect costs. Many times a person will be the beneficiary of some sort of windfall or a good year in business and then go out and buy an airplane. Many times they are misled by others or there own desire and fail to consider crucial facts. Without going into a large explanation here I would suggest paying a few hundred dollars to a CPA who REALLY knows aircraft. You could also speak to an aviation consultant, one who is unbiased and would have no personal or business interest in your aircraft purchase; other than a consulting fee. This would be money well spent. I have seen too many horror stories from folks jumping into aircraft ownership without regard to proper, advance consultaion. Some of them get lucky, some don't. The bottom line is that the cost of initial aquisition is not normally the problem. An aircraft purchase is not like buying a car.
03-16-2013, 10:27 PM
#17
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Joined APC: Nov 2011
Position: AC90 Left
Posts: 114
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