When you actually analyse the figures, the whole thing is finacially nuts. As previous you must use the thing, otherwise, it all ends up pear shaped, your finances, the aeroplane itself etc.
My Bonanza;-
Hangarage 245.00 per month = 2940.00 per annum
Insurance 1350.00 per annum
Maintenance ( this year) - 6500.00
Unexpected 3500.00
I also pay for instructors to give me additional IR training, which is not included here.
I have an upgrade fund, 600.00 per month, for that engine.
Therefore at 11.5 galls per hour, app 67.50 fuel per hour.
I average 80 hours a year in this one, cost roughly per hour, 178.62, plus the fuel. My wife wants a new kitchen
That said, I pop out to the airfield, where it waits for me, and is in the condition I left it, and go away for the weekend.