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GreasySideUp
Joined: 24 Oct 2007
Posts: 44
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 Posted: Sat Nov 03, 2007 7:16 am Post subject: Price of Ownership What does it cost you? |
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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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HawkerPilot2015
Joined: 10 Jan 2006
Posts: 503
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| Posted: Sat Nov 03, 2007 4:31 pm Post subject: Re: Price of Ownership What does it cost you? |
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Josh,
Find a good mechanic and work with him on annuals and any MX that pops up. You will learn more about the airplane and save some bucks too. My mechanic does not mind me being involved and has taught me a lot about general maintenance. Plus, a friend has been a wealth of info due to him having a -52. These boards of been great as well. Maintenance is cheap insurance! My airplane had suffered some neglect over the years and I have paid for that. Now, things are MUCH better than they EVER were in the past. Simple maintenance has been the key to this airplanes health. I have a few issues to clean up but for the most part, things are good. You may do two oil changes a year...I fly my airplane less than 50 hours a year. I bought a 55 gallon drum of oil (yeah..you may need one) and pay about $1.50 a quart. Parts for the -50 can bet a bit of a challenge so if you replace something, keep what broke! I have a few spares...
Insurance: talk to Tom Johnson at airpower insurance. He has a -50 and is a great friend to the owners of these airplanes. He to has been helpful troubleshooting issues.
I cannot attest to the cost of the airplanes but I would guess they would be a bit more because of more complex systems, flaps....ect. These are not the Cessna's at the flying school...they take more care but they return a billion times more than a Cessna ever could.
Fuel is always a variable. I am working a deal where I "hedge" fuel with the FBO. Keeps my cost known for a while at least.
Buy right the first time and you will avoid a lot of problems...trust me! It took me awhile but I have a good airplane that I am not worried about tossing around the sky. I made some monumental errors when I bought mine. I bought more on emotion than sense... I asked a lot of the right questions and got some less than....well.....lets just say a lot of things were not as advertised. Lots of lessons learned.
As for the per hour cost, it certainly depends on hours flown but I can assure you, it is not cheap but what in aviation is?
Lastly, the -50 is a wonderful airplane and I cannot think of a single person who has either flown one or owned one that will not echo that statement. It combines fantastic capabilities with a little bit of a warbird feel. It is shit hot form airplane and can hold its own in a bit of good natured jousting. It has an awesome ramp presence and anyone who tells you that that does not matter is full of shit! (I bet you roll into an airport in your Viper and if you are the only one on the ramp, you feel pretty cool....be honest!) The -50 is the same.
One more thing...there are very few of these airplanes left in the world. I think there are more Spitfires flying than Yak-50's. Know what you are buying and know what you will have. Cherish it and keep it healthy. Be proud to own it and revel in the fact that you own a f'ing rocking airplane! You will be the custodian of one of Yaks best models. I sometimes feel as though I rescued my airplane from a life it did not deserve. If the previous owner wants it back, he can have it for TWICE what I paid him for it.
Josh, you still have my number, feel free to call any time!
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