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What it costs to build an RV10

 
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AirMike



Joined: 27 Feb 2007
Posts: 514
Location: Nevada

PostPosted: Thu Apr 03, 2008 10:47 pm    Post subject: What it costs to build an RV10 Reply with quote

I am getting to the light at the end of the money drain, and since I have been keeping careful records of costs, I figured that I would share them with those who may be considering the big move. It looks like my final cost will come in at around $155,000. Vans seems to move up the price about 3% per year, but 5% may be a better assumption in '08-09. I got nailed for an extra 5% on my Hartzell prop by ordering 2 weeks too late.
Anyway - here s how it computes:
1. Engine - new IO540 Mattituck - OSH Special $39K
2. QB kit - Empenage - Fuse - Wings - Finish - FWF $55K
3. Panel 1x AFS3500 , TT Auto - Garmin MINIMUM IFR - GPS496 - $33K
4. Prop - Hartzell from vans $6500
5. Paint Reserves $8000
6. Interior Reserves $3500 Includes stuff like good vents $300 + paint
This all adds up to $145,000 - where is the extra $10,000 to make $155K

Well..........................Believe me these are the hardest of hard costs, It goes for paint (smoothprime $50/Qt) , Tools $3000, Builders training and assist, things like lights - parking brakes - mistakes - new tools - and the biggest expense FREIGHT which increases daily. I picked up my plane by making 2 trips to Vans. Paid $800 for a van/gas/lodging for the big QB pickup then about $500 for a trip for the FWF & Finish kit in my big SUV. I am not counting my trip to OSH where I got some great discounts.

The biggest potential savings items are:
1. Engine - but be careful there - you can get shafted big time. I know one guy that bought one with the AD and wound up spending $45K for a used two cycle engine. I know another guy who got a run-out one for $6K
2. Paint - Do it yourself - Save about $5K
3. Panel - I am on the low side at 33K - many guys have the shops do panels for them that average about 70K and one ran $110K. I would not do a panel in this plane without a tru-trak autopilot and an SL30
4. Buy early and do not wait if you have the money and have started. I lost $300 on ordering the prop late.

Good luck - it is a blast


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