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Old May 6th, 2008, 17:28   #5
Matt13C
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Join Date: Feb 2008
Location: Philly
Posts: 561
Default Re: To buy or not to buy an airplane.....

I thought about it. But most 152's are not IFR rated also the Comm has to be taken in a complex aircraft as I understand, which the 152 is not.

I could not find any savings after I calculated the cost of tie down, fuel, oil and normal repairs.

Even if it takes him 70 hours to get his PPL, assuming he has the bare minimum 10 hours solo, he is only saving 3000 on you teaching him for free. He can easily find a 152 to rent that would be the same or cheaper than owning it per hour flown. Plus, he still will need to pay for his comm, instrument, multi and anything beyond that.

If he plans on keeping it, then I say go for it, but I could not find any benefit to buying over renting when it came to only building time.
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