C150 cost and PA28
Hi,
It is that time again as to if I should buy a C150 or a PA28. The trouble with a C150 is CASA has implemented SIDS and that is a major issue. Below is my estimated costs per aircraft and anyone is entitled to amended these figures. Please note all whole numbers are rounded up.
C150 Operating Costs
Engine (replace every 5 years) $27000.00
Propeller (replace every 7 years) $8000.00
100 hourly $2000.00 (Also not I am planning on flying 100 hours per year and the results indicate this)
SIDS $5000 (Every 3 years)
Insurance $1500.00
Hangarage $3000.00
Total $18045.00
Fuel 98 litres=$171 per 5 hours or $34.00 per hour
Oil= 6 quarts at $13.00 a quart = $78.00
Assuming use 17 quarts for 100 hours= 17 =$1326.00
Total $4726.00
Total yearly cost $22771.00 break down into 100 hours = $228 per hour
PA28 Operating costs
Engine $27000.00 (replace every 5 years)
Propeller (replace every 7 years) $8000.00
100 hourly $2500.00
Insurance $2600.00
Hangarage $3000.00
Total $14645.00
Fuel 121 Litres=$124.00X1.74=$216..00 per 5 hours or $42.00 per hour
Oil 7 quarts=7X$13.00 per bottle=$91.00
Assuming use 14 quarts for 100 hours=$1400.00
Total $16045.00 broken into 100 hours = $161.00 per hour
Now as I have never bought an aircraft before, I do not know if these prices are realistic! Then another thing to consider is buying more economical over renting??
I would appreciate any ones thoughts on this!!!