3 Things To Consider Before Buying An Airplane

3 Things To Consider Before Buying An Airplane

[tombickers]

Similar to boats, the two best days of owning a plane are the day you buy it and the day you sell it!

[jjojo]

It’s PASSION!! It doesn’t have to make sense, unless your an airline! 😂

[aerohk]

Best and quickest way to build hours. Instruct students on the side to make them pay for the cost. Killing it girl

[carlapeterson]

Heck yeah! Daddy had several. It was a blessing to fly each of them

[stevenfoster]

WHERE do you get a $44, 000 airplane?? I will get one ASAP

[evanwindom]

Hangar fees, insurance, annual inspections -- all of those happen whether the airplane leaves the ground or not. Then there are the ADs, expendables like oil, filters, and tires, and the stuff you don't count on like the rock chip in the piston of your nose gear strut that shreds the seal and causes all the fluid to drain out. Crack in the fuel pump? Yeah, that one's a party, too. Audio panel goes on the fritz? They don't give those away for Christmas, either. After I owned the airplane free and clear, I averaged three years of expenses, and came up with $695/month just to have the thing sit outside on the ramp, NOT counting laying money aside for replacement of timed-life components like props and engines. I dearly LOVED my Hawk XP with the 210hp STC, but in the 2006 economy, with a house under construction, I just couldn't justify it. Man, I miss that airplane... but not the associated worries and expenses.

[TimSmith-ucpk]

Kay is a gorgeous pilot. Continued success on your flying Kay.

[videogameplayer]

I’d love to buy a plane one day. I’m currently about to finish the requirements for my private pilot license and I passed the instrument written exam as well. Once I become an airline pilot, it would be nice to own a small plane for leisure trips.

[MasterCarguy-pkdq]

Yearly maintenance/annuals= 3k-6k. Hangar=2k, oil=1k, registration usually a few hundred a yr, and Ins though not required= 2k+/-, plus recurrancy checks every 24 mo (it should be every 6), It adds up. Get a IFR ratibg and ins drops 30-40%

[mixterx]

1 - Insurance 2 - Hangar/ storage 3 - Fuel - Avgas 100LL is currently over $6 per gal. 4 - Yearly annual inspections are $2000 +++. None of this includes ramp fees or rental vehicles to drive when you reach your intended destination. The way to effectively own a small aircraft is through your business so all your costs are in written off on your business.

[leedempster]

If you put rainax on all your windows that will also help a lot. With the rain

[dmanduff]

Very tough to be an airplane owner if you're a blue-collar breadwinner for your family. I've had my license for 11 years...and still don't have enough extra money to buy a plane. 😔

[randybedard]

It's like any passion you have, mine, was racing cars. You budget to do the things you love.

[RinkyRoo]

Maybe check the logs to see that you dont get to pay for a prop or engine overhaul right away

[christopherfreeman]

One of my pilot buddies rent out his airplanes to flight schools and charter services and makes a lot.

[keithrickson]

Popped tires? I'm always getting flat spots myself. And changing brake pads every few weeks for some reason.

[theoldaviator]

So it cost 44. How much did you put into it in avionics and upgrades? And would you be better served by something burning 5 to 6 gallons per hour?

[Cheomega]

Is this the price of new or used, what about storage fee and airport fees

[shanehiggins]

Because of the Piaggio p180...I will learn to fly and work towards that incredible goal

[dragankarastojkovic]

What models and year you have for such money?