ok very true it wont be worth zero, so now you have "75K equity" in a plane. That $150/Hour plus expenses aircraft was probably costing you around $250/hour when you include the rest to operate it. Now since your not paying the bank your only shelling out $100/hour not including gas. Now you go and sell it for lets say what you "paid" for it at 75K (good luck) so with interest, hangar,insurance, annual maintenance maybe a jug or two over the past decade easily 5K a year out of pocket before turning a prop so you put out close to 100K+ so 25K to fly 500 hours equals 50 an hour plus gas. However that is a pretty picture I painted and lets say you ding the prop or need a new engine cracks corrosion new radio etc etc the numbers will then get waaay scarier. End of the day unless you fly 150 hours a year I would partner up with at least two others so the plane gets used that way if their is a big maintenance issue its not all on your shoulders. Also pooling your resources you might be able to get into a little nicer machine than you could afford solo.rob-air wrote:I doubt that a c-172 worth 75k now will be totally worthless in ten years, you could easily get some money back if you can sell it.. wrote: Think about it if you own it for 10 years (simple math here) 75k /10 =$7500 year/50hours =$150hour just to have the plane not including fuel, insurance, maintenance, hangar, charts and pubs.
Bottom line if it fly's floats or F#@$'s rent it!
What really amazes me is the MSRP compare to market value at present time. Let say you find a nice model M or N, you cough out the the 50+k to get it, well that same plane sold brand new for less than half that.
''The 1975 model 172M sold for US$16,055 for the 172, US$17,890 for the Skyhawk and US$20,335 for the Skyhawk II''
-From wiki
I know I know im a total buzz kill however if we are talking about a Pitts or something other than a 172 its completely justifiable.
