Purchase advice?
I am looking to purchase my first aircraft either a PA28-161 or C172, now im trying to run figures but just can't seem to think im missing something.
What do i need to allow for for running costs and what is the norm to pay.
I have the obvious
purchase price
hangar / pad
oil
fuel
50 hour check (what is the rough cost)
Arc /Annual (again rough cost)
insurance (rough cost on say a £30,000 aircraft)
Am i missing anything else? i want to make sure i have enough in a personal engine fund and what cost per hour do i charge myself.
its a minefield. any advice or help
VFR