Airplanes are sure expensive to own

dmcummins · 06-17-2014, 01:04 PM

My plane is currently in for its annual inspection. So far it's passed the compression test so that's good. But I have a few things I want done so I'm looking at 3k or more if nothing is found.

I've spent in the six figures the last three years owning the plane, it cost over $1000 per month if I don't fly it. This is not good for my retirement budget. I sure hope nothing is found, but I do want everything checked, safety first.

I remember when I thought Porshe parts were high. Now I worry about $40k engine overhauls and $20k radios.

I may have to rethink on buying a boat.

Bill Douglas · 06-17-2014, 01:19 PM

DM you sure are a devil for punishment. Liking Porsches, airplanes AND boats.

porsche4life · porsche4life's Garage

Nice problem to have...

2porscheguy · 2porscheguy's Garage

Quote:

Originally Posted by Bill Douglas

DM you sure are a devil for punishment. Liking Porsches, airplanes AND boats.

Don't forget about women, Bill....they're expensive too!

So DM:

If it has Fuchs....err....wheels, props, or boobs...it's gonna cost you $$$!

june82000 · june82000's Garage

My fellow A&Ps and I gotta eat too!

Sent from my ADR6425LVW using Tapatalk

aschen · 06-17-2014, 01:38 PM

flies, floats, or fu....has intercorse

Porsche-O-Phile · Porsche-O-Phile's Garage

I'll fly it for you if you don't want to be paying $1,000 a month to have it sit there...

What kind? Can't be a run of the mill C172 or Cherokee...

onewhippedpuppy · 06-17-2014, 01:40 PM

I said no to inheriting my grandfather's V35 Bonanza for exactly that reason. I don't have $12k per year just to look at an airplane collecting dust in a hangar. Still one of the hardest decisions that I've had to make, that airplane has huge sentimental value to me.

porsche4life · porsche4life's Garage

He's got a Bonanza iirc... Nice bird!

gshase · 06-17-2014, 01:45 PM

Next year send me the log books, a current photo of your plane and $250 Poof and you are good for another year. Also if you need a B.F.R. or a flight physical, enclose a current picture of your self and another $100. Cash only....I have been burnt on bad checks.

herr_oberst · 06-17-2014, 01:49 PM

It's gotta be a Bonanza at least to hoover out a wallet like that...

dmcummins · 06-17-2014, 01:52 PM

I've moved to Florida and my hangar rent went from $125 to $320. The annual is around $2000 just for the inspection. I have a few other things being done that will cost another $2000 to $3000. And that is if nothing is found.

I'm flying around 100 - 150hrs a year, I budget $24k. Like cars the problem is I keep wanting to add things that I don't have to have, I just want them.

To make matters worse I'm closing on the new house at the end of the month and the wife is already buying furniture. I hope she can find a part time job.

dmcummins · 06-17-2014, 01:55 PM

Quote:

Originally Posted by gshase

Next year send me the log books, a current photo of your plane and $250 Poof and you are good for another year. Also if you need a B.F.R. or a flight physical, enclose a current picture of your self and another $100. Cash only....I have been burnt on bad checks.

Maybe a plan. I just passed my physical and BFR so I'm still good for a couple of years. Maybe next year for the annual.

There is a local guy that charges $300 for a annual. I think he actually stops by the hangar and kicks the tires. No pics needed.

gshase · 06-17-2014, 01:59 PM

Actually My 170B goes on the rack on next Monday. Bust Out Another Thousand

dmcummins · 06-17-2014, 02:03 PM

Sometimes I think something like an old champ may be the way to go. Or a home built or experimental. Just get away from the certified planes.

herr_oberst · 06-17-2014, 02:13 PM

(Not mine - but I've flown in one like this!)

HardDrive · 06-17-2014, 02:16 PM

How much would it cost to maintain a Piper Cub if one were given to me?

GH85Carrera · GH85Carrera's Garage

We fly our 206 about 500 to 550 hours per year. Yea, airplanes are crazy expensive, even for a airplane the company bought in 1969 for just $17,500.

porsche4life · porsche4life's Garage

Quote:

Originally Posted by GH85Carrera

We fly our 206 about 500 to 550 hours per year. Yea, airplanes are crazy expensive, even for a airplane the company bought in 1969 for just $17,500.

The plane is the cheap part of your setup isn't it?

nvr2mny · nvr2mny's Garage

Yes P4L, the "cost" of the plane is usually the ticket to get into the door of really big expenses! I'm getting ready to buy a Kitfox (120k brand new out the door) for the reason I got into flying in the first place, to have fun. After owning (or their owning me) an new T206H and a Maule M7-260C, I decided to go the LSA route. No medicals and fuel burn @ 5gph. Yeah, it's slow BUT cheap and fun.