Ei-MPB
17th Aug 2008, 17:52
Hi Lads,
Sorry if this has been discussed before but nothing sprung up for me on the searches!
I've just got my ppl after delays, bad weather and broken arms etc. Now I'm just starting my atpl studies and am looking to hour build while I'm studying. I've seen one plane based at the airfield I fly from Weston in dublin. Its a cessna 172 with a 1/6th share for €12,000.
I've done a few comparison sums against 100 hours in the same plane in the school I'm flying in at the moment.
I don't know if the table will copy in properly, but I've pasted them in below.
Share C172 based on 100 hours over a year
Unit Price Months / Hours Totals
Share 1/6th €12,000.00 €12,000.00
Monthly €125.00 12 €1,500.00
Hourly Wet €80.00 100 €8,000.00
If Share sold for €10000
Total Cost After Sale of Share €11,500.00
REnted school C172 based on 100 hours over a year
Unit Price Months / Hours Totals
Share 1/6th €0.00 €0.00
Monthly €0.00 12 €0.00
Hourly Wet €180.00 100 €18,000.00
Total For 100 hours over 1 year €18,000.00
Assuming the sale of the share after the hour building there's a fairly decent saving. Even if i didn't want to sell it its always there as some sort of equity.
I'm sure someone out there has gone through it this way! Can anyone who is the owner of a share let me know of any hidden costs associated with it! I've looked into the obvious ones like insurance and maintenance etc, but is there anything that you wouldn't think of until it crops up?
Let me know your thoughts!
Thanks,
MPB
Sorry if this has been discussed before but nothing sprung up for me on the searches!
I've just got my ppl after delays, bad weather and broken arms etc. Now I'm just starting my atpl studies and am looking to hour build while I'm studying. I've seen one plane based at the airfield I fly from Weston in dublin. Its a cessna 172 with a 1/6th share for €12,000.
I've done a few comparison sums against 100 hours in the same plane in the school I'm flying in at the moment.
I don't know if the table will copy in properly, but I've pasted them in below.
Share C172 based on 100 hours over a year
Unit Price Months / Hours Totals
Share 1/6th €12,000.00 €12,000.00
Monthly €125.00 12 €1,500.00
Hourly Wet €80.00 100 €8,000.00
If Share sold for €10000
Total Cost After Sale of Share €11,500.00
REnted school C172 based on 100 hours over a year
Unit Price Months / Hours Totals
Share 1/6th €0.00 €0.00
Monthly €0.00 12 €0.00
Hourly Wet €180.00 100 €18,000.00
Total For 100 hours over 1 year €18,000.00
Assuming the sale of the share after the hour building there's a fairly decent saving. Even if i didn't want to sell it its always there as some sort of equity.
I'm sure someone out there has gone through it this way! Can anyone who is the owner of a share let me know of any hidden costs associated with it! I've looked into the obvious ones like insurance and maintenance etc, but is there anything that you wouldn't think of until it crops up?
Let me know your thoughts!
Thanks,
MPB