Quote:
Originally Posted by mrivc211  Can any one these planes be financed for $10,000/month? Thats his budget not including gas. I knkow a PC-12 goes for 3-4 million, so thats probably out of the questions as it would cost around $20,000/month or more. My buddies new cessna 172 was 220K and cost him 1,800/month. Thats roughly 1 million dollars for $10,000 payment.
Used 2005-08 Cessna 400's are running about $500,000. Only problem is no family trips in it. |
If his overall budget before gas is 10k a month he will need a piston. Hangar on a turbine will run about $1000-3000 a month depending on location. Inspections on a King Air will run you $20,000 a year if nothing is wrong and you are only flying 200 hours a year. Any problem and that figure goes way up. The insurance on a King Air with a million hull and liability will be about $16,000 for an average time pilot. If he uses it for business a lot he will probally want more liability and that figure will go up. A pilot will cost him $50,000 a year (and that is a low number for turbine pilot) and that is not including the $7,000 a year recurrent or the hotel and food bills he will have on the road. The bills add up,
quick. So far this year we have spent about $3600 on
landing fees alone (thank you signature!). And your guy has not even made his first payment on the plane yet!
It sounds like he would be a lot better off buying a Cessna 340 and chartering for the family trips.
Alex.