Real cost of ownership
Posted: Tue Feb 24, 2009 2:26 pm
Hi Everyone
I have a few questions regarding aircraft ownership. (I'm on a PPL but looking for something in the lines of a BB/KF, motorglider,cubby. i.e. definite 3-axis.) if anyone knows of answers already posted, please point me there. And please forgive me if some of the questions seem ignorant/silly.
1. Firstly, let's assume I've already had a chance to fly one of the above, and decided one which one, how do you go about financing it? What do they (banks?) need for security, deposit amount etc.? For argument's sake let's take the value at between R150k and R250k. Is it the same as financing a car or similar asset?
2. What are the costs in terms of hangarage. Let's assume it needs to be kept indoors. Do you pay monthly/annually? Assuming ideally Pretoria/Midrand area for hangarage. How much can you expect to pay?
3. Fuel - Can you run most of the engines on mogas or do you have to use avgas? Again, forgive my ignorance, but I'm sure I read somewhere that some engines actually prefer mogas, is this true? And will this bring the hourly cost down if you use mogas?
4. I believe the maintenance "dos&don'ts" can be looked up in the CAA's AIP/AICs so that one has been answered in the meantime!
5. Insurance - how is this calculated - hull value, typical hours flown p/a, pilot's TT?
So to sum up. I'd love to own a plane (who wouldn't !) and maybe I can afford one, maybe not. I'm sure someone must have made some calculations to get down to the true cost of what all this adds up to. I know for a fact that buying it is only the beginning as a friend of mine who bought a C182 found out. The maintenance easily 'outperforms' the initial capital outlay!(and it's not even giving him problems...! I know it's not fair to compare the BB and cubby types to a C182 but it's pointless having the money to buy the monster and only finding out 6 months down the line that you've spent more than that on fuel/maintenance...
Thanks for your input.
I have a few questions regarding aircraft ownership. (I'm on a PPL but looking for something in the lines of a BB/KF, motorglider,cubby. i.e. definite 3-axis.) if anyone knows of answers already posted, please point me there. And please forgive me if some of the questions seem ignorant/silly.
1. Firstly, let's assume I've already had a chance to fly one of the above, and decided one which one, how do you go about financing it? What do they (banks?) need for security, deposit amount etc.? For argument's sake let's take the value at between R150k and R250k. Is it the same as financing a car or similar asset?
2. What are the costs in terms of hangarage. Let's assume it needs to be kept indoors. Do you pay monthly/annually? Assuming ideally Pretoria/Midrand area for hangarage. How much can you expect to pay?
3. Fuel - Can you run most of the engines on mogas or do you have to use avgas? Again, forgive my ignorance, but I'm sure I read somewhere that some engines actually prefer mogas, is this true? And will this bring the hourly cost down if you use mogas?
4. I believe the maintenance "dos&don'ts" can be looked up in the CAA's AIP/AICs so that one has been answered in the meantime!
5. Insurance - how is this calculated - hull value, typical hours flown p/a, pilot's TT?
So to sum up. I'd love to own a plane (who wouldn't !) and maybe I can afford one, maybe not. I'm sure someone must have made some calculations to get down to the true cost of what all this adds up to. I know for a fact that buying it is only the beginning as a friend of mine who bought a C182 found out. The maintenance easily 'outperforms' the initial capital outlay!(and it's not even giving him problems...! I know it's not fair to compare the BB and cubby types to a C182 but it's pointless having the money to buy the monster and only finding out 6 months down the line that you've spent more than that on fuel/maintenance...
Thanks for your input.