I encourage it We offset the cost ours by renting it to a company Check with your insurance agent to get the right policy and make sure you know the refs so you don’t break any with faa
I just received 2 estimates to repack the CAPS ( parachute) in the last month (January of 23). Both estimates came in at just over 20k to have that work done. You also need to order the parts to do that repack at least 6 months ahead of due date for the repack. Just an FYI. Thanks for the video. 👍
Great video, thank you for making this. I own a 182RG, older aircraft, performance is not as good as the Cirrus. The only thing I disagree with in this video is the engine overhaul cost. You quoted $33k, my guess is that an overhaul for this engine is in the $40-45k range. Best wishes, safe flying.
A good review, easy to listen to and pertinent information. Although in my experience your numbers are on the low side. Every other annual will be a bit higher due additional checks ie transponder, pitot static checks etc. My experience with annuals they can easily run 8,000 or more. But like you said things can and vary greatly. I think your numbers are a good starting point. Also expect a top overhaul between 800 and 1200 hours, I see that quite frequently in the larger Continental, If the engine is not handled properly it will cost you. The SR22 has excellent ramp appeal, and it flies reasonably well. A high performance plane that sits right between say a C172 and your higher end aircraft like a Bonanza or a Malibu. The avidyne panels with the stec autopilots work well enough to provide a very capable single IFR platform. The G1000’s have turned out to be a better fit and over the years have outshined Avidyne. The G6 perspective plus is a nice panel. I really like the yaw damp option, it has given the SR a much better ride. A couple things I wished it had, I want a prop lever and manual trim. The cabin is a little tight, I have to recline the seat to keep my head off the ceiling. The seats feels like sitting on a brick or maybe an aluminum honey comb block, sheep skins really help. :) Overall the SR is a solid safe high performance, IFR platform. If you work out of high hot airports the turbochargers are a must. The SR’s have made a solid impact in the flying world and will be around for a long time. I look forward to more videos.
Yes I agree with that I was referring to the effect of the sun on composite after 50 years in the sun We know how metal has held up over time on airplanes because there are thousands of examples but composite planes have only been around for what 20 to 30 years ? Who knows the answer just my two cents
It would be interesting if these cost of ownership videos accounted for the time value of money. If you're flying 100 hours per year it is 20 years until overhaul. At any rate of return better than inflation, the hourly contribution to these funds could be significantly less than what it would be assuming the money sits under the mattress from that hour until overhaul.
Interesting concept There is more to it than that Some components have time limits until overhaul as well The way I look at it is My time vs my money What’s an hour of my time worth?
Excellent video. Could you compare and aircraft flight to a destination by car that is about 250km away. I am interested who would win, the person in the car, or the person in the plane. If they both left home at the same time. So the vehicle person would just drive the 250km. The person in the plane would need travel to the airport, the preflight inspections, the take-off clearance and taxi, then the flight, landing clearance, post flight inspections, putting the aircraft away, and then travel by taxi to the final designation. Assume all regional airports. And all traffic speed limits are adhered to. Who do you think will win, and at what travel distance is the crossover where the plane would beat a car in a doorstep to doorstep race
@@aviationguys247 Thank you. I guessed 250km may be close to the break-even where below that, driving is actually faster and above that, flying gets faster.
250km the car will be much faster in the USA. At 500 miles not km s the plane is winning. For business at that distance the plane wins hands down and starts giving you time back.
I don't understand the rationale of having a parachute. If you have the altitude to use the parachute then you have the altitude to do a power off landing. Am I wrong? Also, parachute landings can cause back injury .
If you have passengers or just become disabled yourself it allows for a way down without the knowledge or ability to land the plane. Just because it is an option does not mean it is the only one. Personally ? I'll take every options I can reasonably get.
I've just been spoiled with either ejection seat or multi-engine. I could do it but if I'm too low to use the chute and I'm flying down to mins and I lose the engine there aren't a lot of options. @@diflyboy9063
Thanks for the comments Yes it’s always cheaper to rent And yes we actually rent our plane and it does pay for itself I think I may do a video on how I’m able to do that
I'm betting the answer is "no". Best you can do is buy one (with a loan), do your global tour (200 hours x ~$200/hour) = resell it for $40,000 less (the cost of your tour plus any payments you made on the plane during those months). I'd recommend buying a used one since it will depreciate a lot less than a new one.
Have a household income above the top 10% ($210k) in an average CoL region and a prioritized spend profile. Many of these aircraft are owned by small business operators or well paid professionals like doctors, lawyers, engineers, computer wiz's, etc.
Renting a plane when you want to fly it has become a real problem. Agree that its almost cheaper to rent, but then when the sun shines, you can never get into it. The better option is a partnership if everyone can get along.
What number/costs do you think were in accurate..? sounded pretty close to me.. but I am no expert on SR22's I think some of the numbers vary based on your location.. In the Northeast, an SR22 overhaul is in the mid $40Ks and a parachute overall is closer to $18K.. One other item is that since buying a used SR22 will likely be at least halfway or more into the overhaul schedule, you should base the hourly cost on 800 hours for an overhaul of the engine and prop and 5 years on the chute overhaul. This will boost your cost/hour flying up quite a bit..
Great explanation and thanks for the detailed cost breakdown... and thanks for shattering my dream of owning an SR22 ...
Thanks for watching
Appreciate the comments
@@aviationguys247 Great videos and content... Please keep them coming...
It would be better if you could summarize it all in a slide with numbers. Listening to audio only is very time consuming and inconvenient.
This has been a helpful cost breakdown. Beginning to think about getting my own bird since renting is really beginning to suck! Thanks again.
I encourage it
We offset the cost ours by renting it to a company
Check with your insurance agent to get the right policy and make sure you know the refs so you don’t break any with faa
I just received 2 estimates to repack the CAPS ( parachute) in the last month (January of 23). Both estimates came in at just over 20k to have that work done. You also need to order the parts to do that repack at least 6 months ahead of due date for the repack. Just an FYI. Thanks for the video. 👍
Wow that’s crazy
And they say inflation is only at 8%
i think that chute is a worthless expense , they are hardly every used
Thanks for your infomations
Great video, thank you for making this.
I own a 182RG, older aircraft, performance is not as good as the Cirrus. The only thing I disagree with in this video is the engine overhaul cost. You quoted $33k, my guess is that an overhaul for this engine is in the $40-45k range.
Best wishes, safe flying.
If you can get an io-550 overhauled, removed and reinstalled for less that 65k you are doing really, really well. So certainly double the 33k estimate
A good review, easy to listen to and pertinent information. Although in my experience your numbers are on the low side. Every other annual will be a bit higher due additional checks ie transponder, pitot static checks etc. My experience with annuals they can easily run 8,000 or more. But like you said things can and vary greatly. I think your numbers are a good starting point. Also expect a top overhaul between 800 and 1200 hours, I see that quite frequently in the larger Continental, If the engine is not handled properly it will cost you. The SR22 has excellent ramp appeal, and it flies reasonably well. A high performance plane that sits right between say a C172 and your higher end aircraft like a Bonanza or a Malibu. The avidyne panels with the stec autopilots work well enough to provide a very capable single IFR platform. The G1000’s have turned out to be a better fit and over the years have outshined Avidyne. The G6 perspective plus is a nice panel. I really like the yaw damp option, it has given the SR a much better ride. A couple things I wished it had, I want a prop lever and manual trim. The cabin is a little tight, I have to recline the seat to keep my head off the ceiling. The seats feels like sitting on a brick or maybe an aluminum honey comb block, sheep skins really help. :) Overall the SR is a solid safe high performance, IFR platform. If you work out of high hot airports the turbochargers are a must. The SR’s have made a solid impact in the flying world and will be around for a long time. I look forward to more videos.
Thanks for your comments and insight
I agree with you
This years annual is more like $12000
I may post an update on the annual after it gets back
I’ve never flown a Cirrus but I can’t wait to get into one
The are so fun to fly
Thanks for the update, very helpful
Thank you
I’m glad it was helpful
Thanks for watching
regarding composite aircraft not being hangered there are plenty of diamond da-20/40 trainers in flight schools that sit outside 100% without issue.
Yes I agree with that
I was referring to the effect of the sun on composite after 50 years in the sun
We know how metal has held up over time on airplanes because there are thousands of examples but composite planes have only been around for what 20 to 30 years ?
Who knows the answer just my two cents
Those big school trainers are only used for a couple of years and then replaced.
@@aviationguys247they will delaminate after 10+ years.
Thanks for numbers update, a visual recap like a spreadsheet would have helped, thank you for content
Ok thanks for the input
I’ll keep it in mind next video
It would be interesting if these cost of ownership videos accounted for the time value of money. If you're flying 100 hours per year it is 20 years until overhaul. At any rate of return better than inflation, the hourly contribution to these funds could be significantly less than what it would be assuming the money sits under the mattress from that hour until overhaul.
Interesting concept
There is more to it than that
Some components have time limits until overhaul as well
The way I look at it is
My time vs my money
What’s an hour of my time worth?
Great video! So, my question is, what is the typical cost to pay the bank back monthly?
Thanks for the well explained cost review, but spreadsheet would be more appreciated.
Thanks for watching
So... Great video. Do you like the SR22? Any major issues with it outside of the normal Wear and tear?
Thank!!
Love the ship
No issues
I wish this one was FIKI other than that great
Can you do a comparison of these numbers with the ones of Diamond DA40 NG?
Thanks!
Sure I will do some research thanks
Much appreciated.@@aviationguys247
i love Diamonds, best safest plane out there
@7:42 you say that your annuals cost you $5000 USD an hour. Is that a mistake? Sounds like jet pricing.
Yes
Average annual cost is $5000 per year
Thanks for watching, I appreciate it
$5000 per annual , total cost of inspection, not per hour….
He definitely said $5000/per hour not annually, which is a mistake, I do understand he meant a year though.
congrats ！ what is the current lead time for a new Cirrus SR22 ？
I hear it’s a 3 year wait once you put 10% down. Over $1,000,000 now
But what a machine
Excellent video. Could you compare and aircraft flight to a destination by car that is about 250km away. I am interested who would win, the person in the car, or the person in the plane.
If they both left home at the same time. So the vehicle person would just drive the 250km. The person in the plane would need travel to the airport, the preflight inspections, the take-off clearance and taxi, then the flight, landing clearance, post flight inspections, putting the aircraft away, and then travel by taxi to the final designation. Assume all regional airports. And all traffic speed limits are adhered to.
Who do you think will win, and at what travel distance is the crossover where the plane would beat a car in a doorstep to doorstep race
Ok next time I take a trip I’ll document it.
250km the plane would be faster but it would be close
A shorter distance not so sure
Thanks for watching
@@aviationguys247 Thank you. I guessed 250km may be close to the break-even where below that, driving is actually faster and above that, flying gets faster.
250km the car will be much faster in the USA.
At 500 miles not km s the plane is winning. For business at that distance the plane wins hands down and starts giving you time back.
I think I've heard that the cost of "airbag" overhaul (replacement?) has recently declined noticeably. Which is shocking in this business.
That’s cool
I’m glad something is coming down in price
I don't understand the rationale of having a parachute. If you have the altitude to use the parachute then you have the altitude to do a power off landing. Am I wrong? Also, parachute landings can cause back injury .
What happens if you have an engine out at night? Having the parachute gives you another option, it’s not “THE” option. 😊
@@conradbeckles465 I'm not sure I would fly that plane at night or IMC for that matter . But good point
If you have passengers or just become disabled yourself it allows for a way down without the knowledge or ability to land the plane. Just because it is an option does not mean it is the only one. Personally ? I'll take every options I can reasonably get.
@@prayingpilot3806if you wouldn’t fly a Cirrus at night, then clearly you aren’t a pilot.
I've just been spoiled with either ejection seat or multi-engine. I could do it but if I'm too low to use the chute and I'm flying down to mins and I lose the engine there aren't a lot of options. @@diflyboy9063
And that’s for the base model. The SR22TS is way more, but if you can find a way to charter it then you can offset those costs. Cheaper to rent.
Thanks for the comments
Yes it’s always cheaper to rent
And yes we actually rent our plane and it does pay for itself
I think I may do a video on how I’m able to do that
If it floats, flies, or f*cks, it's always cheaper to rent!
@@stevenwinegar9355the most accurate comment I’ve seen in a while 😂 👏🏻👏🏻
Can I get Cirrus sr 22 for rant for a tour around the world ?
That would be fun
Thanks for watching
I'm betting the answer is "no". Best you can do is buy one (with a loan), do your global tour (200 hours x ~$200/hour) = resell it for $40,000 less (the cost of your tour plus any payments you made on the plane during those months). I'd recommend buying a used one since it will depreciate a lot less than a new one.
@@jimmiller5600 Thanks Jim. I think this is a good suggestion.
they keep saying, that ' you dont have to be rich to own a plane ' bullshit,run the numbers,, it cost two arms and a leg
It looks like a fantastic aircraft , but what do you all do for a living to be able to afford to fly it , let alone buy it? 🤯
Have a household income above the top 10% ($210k) in an average CoL region and a prioritized spend profile. Many of these aircraft are owned by small business operators or well paid professionals like doctors, lawyers, engineers, computer wiz's, etc.
Sounds cheaper to just rent a plane my god has it gotten expensive.
Renting a plane when you want to fly it has become a real problem. Agree that its almost cheaper to rent, but then when the sun shines, you can never get into it. The better option is a partnership if everyone can get along.
The Skyhawk is cheaper to operate
Yeah that’s for sure
The 'hawk has way less speed, range, weather capability, payload, comfort and safety. But otherwise you can compare them for cost.
A light sport plane is way cheaper than a Skyhawk. We can do this all the way down to an ultralight or hangglider if you want.
Yes for sure
And tons of fun to fly
@@speedomars Agreed, but every step down limits usage due to weather, speed, payload and range.
Not sure where your numbers are coming from unless this vid is from 10 years ago
What number/costs do you think were in accurate..? sounded pretty close to me.. but I am no expert on SR22's
I think some of the numbers vary based on your location.. In the Northeast, an SR22 overhaul is in the mid $40Ks and a parachute overall is closer to $18K.. One other item is that since buying a used SR22 will likely be at least halfway or more into the overhaul schedule, you should base the hourly cost on 800 hours for an overhaul of the engine and prop and 5 years on the chute overhaul. This will boost your cost/hour flying up quite a bit..
These are current numbers
What do you think is inaccurate and I’ll confirm my numbers?
Sounded pretty close for me.
@@breyton490 I’ve never heard of 800 hr overhauls or prop? 5 year chute rebuild, that is not the manufacturer suggestions….
Sorry the SR 22 is JUNK. I would never buy one. I have a 06 Saratoga 2 TC fantastic plane to own.
Some may disagree :-)
Spare the air and save the planet..!