How to rent a 172 from somebody

[Wolfy]

I'm going through a 141 instrument course right now, and very happy with it. I'm also doing my commercial at the same time. I decided to go 141 because of the lower time requirements. I actually got some free cross country time, so I went in to the course with more than I expected. By the time I'm ready for the commercial check ride, I might already have about 235 hours. It's hard to justify all the extra dual I need to do 141 and how structured it is by the school for 15 hours. I'm thinking about getting my instrument, then just go in to time building for my commercial. This brings me to my actual question.

There's a couple at the airport I work at with a beautiful 1973 C-172M. It also has a G430, the GPS in the plane I may end up flying for a job. Very lucky. This couple really doesn't fly the plane often. The husband was a tail gunner in a B-17, to give you an idea of age. I'd like to somehow buy a share or just rent the plane from them. The wife is the only one who flies, and she doesn't have too much time or her instrument, so I probably wouldn't add much to the insurance cost. Anybody have experience with this? I'm thinking of how to approach them, what I should pay, how we would do it and how not to get on bad terms with the FBO flight school at the field.

[dc3flyer]

Offer to pay for the added insurance. That is a place to start.

Then I would either ask them to give you a $number per hour, or you could suggest something. They will probably know their operating costs, so they should be able to give you a number fairly quickly.

Try to make it fair for everyone, but remember that you are the one that wants something. In the end you will both get something out of the deal.