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Price of Ownership What does it cost you?

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dabear(at)damned.org
Guest

Posted: Sat Nov 03, 2007 12:52 pm Post subject: Price of Ownership What does it cost you?

My first response would be.... You really don't want to know.   

 

 

 But here is a quick look at an average I've paid over the last 500 hours on my CJ:  (Note M14P engine and 3 bladed Prop)

 

                    

              

              

              

              Notes                 Fixed Costs       

              Month       Year       

                        Hanger       

              400       4,800       Depends on area ($300-$600)                 Annual        

              

              3,500       First Annual WILL be higher                 Insurance       

              

              3,000       Depends on time and hull ($2,600-$3,800)                 VA Tax       

              

              500       Virginia Annual Property Tax                 Parachute Repack twice year       

              

              240       2 Chutes $60 each for repack                 

              

              

              12,040       

                        

              

              

              

              

                        Aprox Costs       

              

              

              

                        Fuel/Gal       

              4.25       

              

                        Oil/Liter       

              3.10       

              ($580 for 55 Gal Drum of 25W60)                 Oil Filter       

              10.00       

              (Highly Recommend Oil Filter system)                 Air System Filter       

              7.00       

              (Get refurb kit from Doug)                 

              

              

              

              

                        

              

              

              

              

                        

              

              

              

              

                        Hourly Costs       

              Hour       

              

                        Fuel (at) 14Gal/Hour       

              59.50       

              (Cruise 11.5 Gal/Hour to Acro 18Gal/Hour)                 Oil (at) 1.5 liter/hour       

              4.65       

              

                        

              

              

              

              

                        Air Sys Filter/20 hours       

              0.35       

              

                        

              

              

              

              

                        Oil Change every 50 hours       

              1.25       

              (Doesn't include MMO, don't ask   )                 17 Liter of Oil       52.70       

              

              

                        Oil Filter       10.00       

              

              

                        

              62.70       

              

              

                        

              

              

              

              

                        Engine Replacement       20,000.00       13.33       

              

                        1500 hour replacement       1500       

              

              

                        

              

              

              

              

                        Prop Replacement       11,000.00       7.33       

              

                        1500 Hour replacement       1500       

              

              

                        

              

              

              

              

                        

              

              

              

              

                        Nose & Main Gear Actuators       450.00       0.90       

              

                        Flap Actuators       250       0.50       

              

                        Replace 500 hours       500       

              

              

                        

              

              

              

              

                        

              

              

              

              

                        Hourly Costs       

              87.82       

              

                        

              

              

              

              

                        Fixed Costs/Hour(at) 75 Hours Year       

              

              160.5333       

                        Fixed & Hourly/Hour       

              248.35       

              

                        

              

              

              

              

                        Fixed Costs/Hour (at) 100 Hours Year       

              

              120.4       

                        Fixed & Hourly/Hour       

              208.22       

              

                        

              

              

              

              

                        Fixed Costs/Hour(at) 125 Hours Year       

              

              96.32       

                        Fixed & Hourly/Hour       

              184.14       

              

                 

 This is on the high end I believe and doesn't include things that break.  I'd like to know what others are paying for annuals. I'd also like to know how this compares to other owners.

 

 

 Dabear

 Note:  Didn't include cost of flight suits, annual donation to Yak List, or RPA membership.

 

 

 GreasySideUp wrote: [quote]    	  Quote: 	
		  --> Yak-List message posted by: "GreasySideUp" <greasysideup(at)hotmail.com> (greasysideup(at)hotmail.com)



I am looking at Yak 50's but would love input from 52/55 and Chang owners as well - I assume costs will be similar.



I'm sitting down this weekend to get a no kidding gnats behind assessment for what this thing is going to cost me, do any of you mind sharing your no kidding expenses down to the smallest thing I'm not thinking of.  



In addition what are the best loan and insurance rates you have and who are they through.  How much are your typical annuals really costing, what do you do for oil changes (How often, how much oil do these even hold) etc.  Also curious about engine and misc mx funds.  This will be my first aircraft, I would rather over budget than under budget - it will be much easier giving money back to my wife at the end of the year than asking for more;)  Probably looking at 10-15hrs/month until the initial fun wears off then 5 after that.  Not much at all during the winter.



Expenses I'm looking at



Loan

Hanger

annual

insurance

misc mx

fuel

oil



Anything I'm missing?



Thanks,



-j



  	
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cpayne(at)joimail.com
Guest

Posted: Sat Nov 03, 2007 2:46 pm Post subject: Price of Ownership What does it cost you?

Answer: Depends... I kinda know but if I took the trouble to add it up, I'd trade for an RV or something like that. If you hold a Commercial or better, some of your expenses are covered by airshows where you can have a good time. My annual inspection costs $150, parts about $1,000, labor is mine, hanger $300/mo, insurance is under $2K but then I'm over 1000 hours in type.

  

 Like lots of other guys, I fly other peoples airplanes too, and get paid a meager sum but don't have nearly as much fun as having a Yak/CJ.

  

  

 Craig Payne

 cpayne(at)joimail.com (cpayne(at)joimail.com)

  

  

 

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viperdoc(at)mindspring.co
Guest

Posted: Sat Nov 03, 2007 5:11 pm Post subject: Price of Ownership What does it cost you?

You would not sell her! You would give up you right testicle first! Admit

it!

Josh, he is dead on about the 50. Disadvantage, you cannot take anyone up

with you go play but then again....

Doc



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ChangDriver

Joined: 15 Sep 2007
Posts: 266

Posted: Sat Nov 03, 2007 5:35 pm Post subject: Re: Price of Ownership What does it cost you?

I did a rough cost estimate taking into account fixed and variable expenses when I decided to purchase a CJ.  At 100 hours per year, I estimated $162 per hour. My CJ has the stock 285 engine and hangars here are $500 to $600 per month.  There is no financing so no interest.  This might actually be a bit on the low side but it was close enough.



This compares to the local rental rate for a Cessna 182 with G-1000 equipment ($165).  What would you rather fly??  I bought the CJ!!



Craig

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