What's It Really Like to Own a Private Plane? Cirrus SR22T

Have you ever wondered what it’s like to own a private plane?

Join me as I break down the true costs of owning a Cirrus SR22T and reveal how you can potentially own this incredible aircraft for practically nothing.

A couple of years ago, I bought a 3-year-old Cirrus SR22T. In this video, I'll go over the fixed and variable costs of ownership and explain why I chose this airplane over cheaper options. Discover the features that make the SR22T stand out, from its advanced avionics and safety systems to its impressive performance and comfort.

Why I Chose the Cirrus SR22T:
New SR22T: ~$1.1 million
Pre-owned SR22T: $300k to $900k
My choice: 2-year-old model for newer avionics and safety features
Cost of Ownership:

Fixed Costs:
Insurance: $3,800 to $5,000 per year
Hangar Fees: $4,800 to $12,000 per year
Annual Inspection: $5,000 per year
Subscriptions: $600 per year

Variable Costs:
Fuel: $124 per hour
Maintenance: $25 per hour
Reserves: $38 per hour
Total Annual Costs (100 flight hours):

Fixed Costs: $16,600
Variable Costs: $18,700
Total: $35,300 per year
Cost per Hour: $353
Want to know how you can own this plane for practically nothing? Check out my detailed video on this topic here.

Cirrus Aircraft Background:
Founded in 1984 by Allen and Dale Klapmeier
Headquartered in Duluth, Minnesota

Aircraft Specifications:
Speed: 185 knots
Engine Power: 310 HP
Fuel Efficiency: 17.8 gallons per hour
Range: 1,100 nautical miles
Service Ceiling: 25,000 feet

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Tony is the owner of an INC 5000-rated Real Estate Investment Company. He has been featured in Bigger Pockets, Wholesaling INC, Steve Trang's Real Estate Disruptors, Joe Fairless' Best Ever Podcast, and many other top podcasts and platforms.

When Tony is not working on his business, he enjoys flying his plane. You can see videos on that and how he uses airplanes to save money on taxes.

Don't forget to like the video, comment, subscribe to my channel, and share this with a friend if I'm doing my job and providing value to you and your network. If I'm not doing my job please let me know in the comments how I can be better, your feedback is greatly appreciated. See you in the next video!

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[highendaudio]

As an SR22 owner your numbers are a bit off. The parachute repack with line cutters, rockets, etc is around $25k. A new engine with labor and all parts is around $85k for a NA and $135k for a turbo. TBO is 2200, although some turbos need a top overhaul at 1100 or so.

But what’s interesting is that my SR22 is the best thing I’ve ever bought. The boat was the worst (sold it). I use it so much for work. It turns 4 hour in traffic drives into 45 minute flights. Make that into a round trip and you’re saving 6.5 hours of travel time. Priceless.

[ColinDonnelly-ryso]

I can’t even afford to rent my Cessna 😭

[williambeatty]

The cost to own and operate a Cirrus SR-22 are ridiculous high. Aviation in general has become crazy expensive. This guy in the video has to be very wealthy to think it's affordable.