Guy Buchanan
Joined: 16 Jul 2006
Posts: 1204
Location: Ramona, CA
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 Posted: Sun Jan 20, 2008 9:56 am Post subject: Financial Report |
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As there was some recent discussion on what it costs to build a
Kitfox, I thought I'd offer this brief financial report on the life
of my Kitfox:
Total Kitfox related expenses: $58,010.62 over the last 42 months and
206 hours, including procurement, fabrication, insurance,
maintenance, storage, fuel, and everything else.
Total Kitfox assets: ~$25,000 Kitfox, ~$4,000 trailer.
Net cost: $29,010.62 total; $8290 / year; $690 / month; $140 / hour.
And this for a "cheap" Kitfox kept in a $100 / month toy box. Note,
however, that much of this cost is associated with fabrication, and
that for last year, a more typical year, it looks like:
Total expenses: $6,540 for 120 hours and 12 months. (Boy my flying
has really fallen off. 10 hours per month, 2.5 per week is pretty lame.)
Cost: $545 / month; $54.50 / hour.
However, the cost of a rebuild must be included at $7.33 per hour for
a total of $61.83 per hour. This works out to about 2.9 times the cost of fuel.
Guy Buchanan
San Diego, CA
K-IV 1200 / 582-C / Warp / 100% done, thanks mostly to Bob Ducar.
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_________________
Guy Buchanan
Deceased K-IV 1200
A glider pilot too. |
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