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Old 10th Apr 2013, 01:15
  #18 (permalink)  
500ft
 
Join Date: Feb 2013
Location: New Zealand
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Cool

My local aero club in NZ charges $175 an hour for a Cessna 152. But remember unlike a rental car that includes fuel so excluding fuel the cost is about $100 hour. I currently fly 30 or hours a year so that $3000 year

In the past I have done some calcs in regards to buying my own plane (estimates of costs only)

To buy a Cessna 152 around here would cost about $30-$40000 my mortgage is about 5% so opportunity cost of not putting that money on my mortgage $2000 year, Insurance $2000 year, Hangarage $3000 year (more if I want to be less than 1.5 hours from home), Annual inspection $2000, Engine fund $600 etc etc.

That is $9600 without any unexpected costs which will come up, so if I only fly 30 hours that is $320 hour. That also assumes no depreciation on the aircraft itself

So my aeroclub is an absolute bargain at $100, I am saving $220 every hour I fly, I should fly some more hours so I save even more. In fact my Wife calls that spaving (spending to save)

The strange thing is I still want to buy my own plane, how do I justify that? Easy I am going to lie to myself on my cost spreadsheet .
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