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March 18th, 2008, 13:32
| #1 |
| Junior Member  Join Date: Mar 2008 Location: Cleveland, TN
Posts: 35
 |  Buying an Airplane I am seriously thinking about buying an airplane to do my training in. What would be a good plane for getting all your ratings in? About how much would it cost? |
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March 18th, 2008, 13:50
| #2 |
| Old Skool  Join Date: Jul 2003 Location: Boca Raton
Posts: 6,057
| Re: Buying an Airplane Don't mean to be a pain in the rear, but there is a multitude of threads on this subject with a ton of info. Same with your thread about landing, I started one some time ago that has a bunch of good info in there as well. Anyways, a friend and I were looking to buy an aircraft since the beginning of the year but due to unforeseen financial conditions we can no longer do it. I didn't research Cessnas too much but they seem to be more expensive than the Pipers I've seen. We were looking for a PA-140/160 and our budget was around $35,000. We also would need some money to fly ourselves and a mechanic to the aircraft location for the inspection, fly it back, then do an annual inspection. Then we'd have to pay for tie-down (not much of a problem because I work at an FBO and I can get a nice discount) and insurance which I got a quote from AOPA for a little over $100 a month. After all that you still have to consider operating expense such as oil changes every 50 hours and obviously fuel and any other little things. Also, from what I heard, you need to have some spare cash and be ready to drop a couple thousand at any time for any repair that might come up. That's all the research I've done so far. I'll let others expand.  |
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March 18th, 2008, 16:13
| #3 |
| Junior Member  Join Date: Oct 2004 Location: Medina, OH
Posts: 95
| Re: Buying an Airplane Also bear in mind that to have one airplane that you could do all your ratings, you'd need a retract. However, if you were to buy something like a 152/172/Cherokee/AA1-5 or other fixed gear single, you could do the majority of your training, get your private/instrument, build time while preparing for comm., then get some final instruction for comm. in an Arrow/172-182RG or similar to get the 10hrs complex before the comm. checkride. Cost will be dependent on condition, engine/airframe hours, avionics/equipment etc. As for resale, from what I've heard it would be easier to sell a four seater when you're done with it. Check out the AOPA website for starters, they have info for prospective buyers on the site. Also think about partnerships or clubs if there are any around. I see you're in Cleveland- where are you flying now?
__________________ Just when you think you're of average intelligence, someone comes along and elevates you to genius. |
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March 18th, 2008, 19:49
| #5 |
| Old Skool  Join Date: Jun 2006 Location: St. Petersburg, FL
Posts: 2,410
| Re: Buying an Airplane Not worth it cost wise on your own - a group ownership arrangement is great until one of the owners buries your plane in the ocean. |
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March 18th, 2008, 21:39
| #6 |
| Junior Member Join Date: Mar 2008 Location: Cleveland, TN
Posts: 35
| Re: Buying an Airplane I'm in Cleveland, TN.  I'm flying out of K3M3. |
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March 18th, 2008, 22:54
| #7 |
| Senior Member Join Date: Aug 2006 Location: In the sticks
Posts: 596
| Re: Buying an Airplane What kind of plane is that in your avatar? |
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March 19th, 2008, 00:50
| #8 |
| Old Skool  Join Date: Nov 2000 Location: Spokane, WA
Posts: 6,482
| Re: Buying an Airplane I think buying a Cessna 150 to do some of your training, and a lot of timebuilding in, is a great idea. You can even save money by burning autogas.
__________________ Click here to see how I became a UPS pilot http://www.jetcareers.com/content/view/65/132/ |
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