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Old October 14th, 2006, 14:40   #2
DE727UPS
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Join Date: Nov 2000
Location: Spokane, WA
Posts: 6,592
Default Re: ownership, costs, and training

I've got a 152 Aerobat with four new cylinders and a Garmin 430 I'm about to try and sell in the low 30's. You can find good 150's all day long in the 20's.

Very few people buy their own plane to learn in. It's very intimidating, I guess. I think it's a great idea, though. You can burn autogas in 150/152's and an annual is around 1K.

If you lease it back, insurance will be very expensive, you'll have to do 100 hour inspections, and you'll lose some control over how it's operated. Whether it pays for itself depends on the situation. I wouldn't go into it expecting to make any money and be happy if you make a little. The big plus is you'll sell it for what you paid for it and save a good bit on rental costs.
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