Interesting comments... I have owned a S/E aircraft for 35 yrs and have learnt very early that the most important part of containing costs is to have an engineer that knows what he is doing, knows the aeroplane type, is honest and lets you do some of the work like gut the cabin and remove panels etc... that certainly saves a bit and you get to know the a/c in the process.
Whatever you get, the first inspection will be the costly one as any engineer seeing it for the first time will usually go over it with a fine tooth comb. After that (if u stay with the same chap) then the costs should be better. Does not pay to move about, so get it right first time up! Avoid the larger workshops unless you are happy to pay for all their overheads etc.
Fixed costs I take to mean those that occur even if the a/c does not fly. This would be annual inspection, insurance and parking/hangarage if applicable. Remember the tyres usually go flat quicker if you don't fly!!
My costs have never exceeded $1500 for an annual inspection and I have used 4 engineers in that time. I never exceed 100hrs pa. Back in the days of a major inspection (3yrs) they sometimes cost a couple of grand. These days I find it is a good idea to rip it apart and do a big one about every 10 yrs - especially if the a/c is getting old.
Insurance has been covered, but you are mad not to at least get ground risks and libility coverage. Anything more than 3% for the hull and you are been diddled!
My hangar cost close to $60k at a country field with no landing charges and it makes a great shed for all sorts of things. I don't cost that into my a/c costs.
Once you start flying, in addition to fuel & oil, landing & ATC charges etc., you have to consider additional annual/100hrly inspections if you exceed 100hrs pa, provision for engine and prop o/h and any other components with a life limit and radio & E&I maintenance and inspections.
Provision for overhaul or replacing lifed components should be estimated well above what they cost now. Plan ahead and source such stuff well in advance.
One has to remember that to justify private ownership you usually have to multiply the lot by what I call a "fun factor"...! That usually cancels out everything else. A bit like having a boat, but you don't get wet!!
enjoy....
