Owning a light aircraft - costs involved
Hi all,
Forgive me if this has been answered before - I have searched without luck!
Totally hypothetical question. If I were to decide to buy a single-engined light aircraft (such as a Pa28, Pa38, C152, C172) there are, obviously, a lot more costs involved than the initial acquisition. I was just wondering what sort of ballpark figures are involved for things such as insurance, maintenance, hangarage/based airfield costs, etc. I understand that these will naturally vary considerably, but any indications would be appreciated (based on somewhere like Elstree).
Also would it be a possibility to hire a privately-owned aircraft to a flying club or school, so that it at least partially funds itself?
Many thanks!
Leon