Renting from Private owners

Bobby868 · Post by **Bobby868** » Thu Oct 26, 2006 1:15 pm

I own. And I disagree that owning is cheaper than renting. Unless you are going to fly 100hrs+ a year.

People often think that flight schools are ripping them off but it only takes a little maintenance troubles and you begin to see where the money goes.

I rented my plane out to a fellow last years. He bought 50hrs off of me. He lightly commented about all the money I was making off of him. even I thought I might be making some cash. I took in about $5000.00 for that time. the annual was close to $10,000.00 so in the long run, even after that rental bit, I still spent alot of cash on that plane over and above the intial purchase price.

If anyone that tells you, you can save money owning a plane rather than renting has either never owned a plane or is trying to sell you one.

Just my 2cents

Doc · Post by **Doc** » Thu Oct 26, 2006 1:36 pm

You can buy a pretty nice 150 for the price of a decked out Harley! And you still get an air cooled engine, two seats...but they toss in a windshield and wings!

C-150Pilot · Post by **C-150Pilot** » Thu Oct 26, 2006 1:52 pm

Is this possible with a recreational license also? Iheard that it is impossible to get on the insurance policy...

Cat Driver · Post by **Cat Driver** » Thu Oct 26, 2006 2:03 pm

" the annual was close to $10,000.00 so in the long run, even after that rental bit, I still spent alot of cash on that plane over and above the intial purchase price. "

If you paid $10,000 for an annual there sure as hell was more than an annual done.

Obviously the airplane has maintenance issues, what did you have to get fixed?

dangerous · Post by **dangerous** » Fri Oct 27, 2006 10:04 am

C-150Pilot wrote:Is this possible with a recreational license also? Iheard that it is impossible to get on the insurance policy...

You don't even have to be a pilot to own an airplane.