Aircraft Ownership vs Rental: is it worth BUYING A PLANE?
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- Опубликовано: 8 фев 2021
- "Is buying a plane the right thing for me?" After two years of renting, I'm now six months into aircraft ownership. And I can safely say the latter brought me huge benefits. Come with me as I walk you through how I drastically reduced my hourly cost for flying, and how owning 84U is making me a better pilot every day. Portuguese captions available // Legendas em português disponíveis!
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Flying adventures on INSTAGRAM: @fly_with_bruno
**All footage is mine.
Soundtrack:
(**Please support the artists by downloading their original music)
Ian Post - New World
Dryve - Autotech
**DISCLAIMER**:
This video SHOULD NOT be used for training. If you're a student pilot, refer to an FAA Certified Flight Instructor for official study materials and videos. 
Развлечения
This channel needs to be bigger. You totally deserve it Bruno!!
Thanks buddy! Appreciate your support. More to come!
@@FlyWithBruno I didn’t even notice how small this channel was until I saw this comment. The quality of the videos is on par with those with 100K+ subs.
Keep it up! My first video was the one where you got stuck in your plane 😂 Funny, but inspirational
@@NationX thanks buddy! I appreciate the kind words and the support! 🙏
This was excellent! The production quality was top notch! Well done Bruno.. I am excited for your channel to grow!
Being an aircraft owner as well, one category that I cannot put a value on, is how much the owner experience has taught about myself. I look forward to "hanging out" with my airplane as if I was hanging out with an old friend. Sometimes it is the best part of my week! You nailed that feeling! Excellent!
Thank you Andrew! And you're absolutely right about the "hanging out" part: my plane is like my best friend! Even when I head to the airport and end up not flying for whatever reason, just being there makes me feel great. I always find something to work on, test, mess with and, more often than not, learn something new. And that's priceless! Blue skies, buddy!
Nice video!! I’ve been flying for about 15 years and have owned three aircraft in that time. I’ve found the average break even point for most GA aircraft you could rent, is right around 90 hours a year. If you fly more than that it will cost you less to own. If you fly less than that it will cost you less to rent. Typically. Individual results may vary.
Thanks buddy! And I appreciate you sharing your ownership experience. My math was the same as yours, but I considered 100hr/year for the break even point. I will certainly fly more than that, so it was a no-brainer at that point. Blue skies!
I figured out that the break even point if you fly ULA would be like 50 hours, but newer ultralight are expensive than some used plane.
I figure I would fly 70-80 hours per year max if I fly weekly, I'm struggling in deciding to buy a light sports though.
I would be curious how many hours for those of you that own a plane fly per year.
I've found the same (assuming you don't have a lot of stuff to fix). It's around 90-100 hours. I end up flying around 40-60 hours a year (busy life, just haven't had more time). And its running about $135-140 / he. BUT in ownership you have to remember they do appreciate. So you end up gaining some back. Bottom line though, you have to fly 90-100 hours a year (and have to be able to afford that) for it to be worthwhile. Anyone that says flying as a hobby can be done economically is full of it. Not true. You have to have $$ to be able to afford this habit and I'm almost at the point of being priced out of it.
@@sendwhator so addicted your willing to work overtime and sell your moms good spoons 😂
Such a high-quality video, cant wait to see this channel grow!
Thanks buddy! Really appreciate the support. Blue skies and tail winds, my friend!
Well done, buddy. I always find it helpful to hear other pilot's decision process about such a purchase. And I agree that the time and ficus you dedicated to aviation will keep you safe and make you a better pilot. As always, great music choices 👍
Thanks Mike! The knowledge and experience that comes with owning a plane is truly a game-changer in a pilot's learning curve. I'm so glad I did it! Thanks for watching and for the support. Blue skies, buddy!
Absolutely amazing video! Keep up the hard work because we all appreciate it! Fly high!
Thanks Jacob! Much appreciated! Blue skies!
My 17 yr old son just started pilot school at EFI in French Valley Murrieta so we are always watching random videos and trying to absorb all we can. This was a great video. Really enjoyed it. Informative and well put together. Thank You!!!
Thank you!!
The production quality of these videos is great man!
Thanks buddy, really appreciate it!
Your videos look great and the production quality is really standing out. Gives me some Inspiration to try to up the quality of my videos.
Thanks buddy, really appreciate it!
Eu dei o like e depois voltei pra ver se não tinha outra coisa pra fazer a mais.. .porque esse vídeo ficou muiiiito bom!! Parabéns cara, show!
Valeu xará! Obrigado pela força! Tamo junto 🙌🏻
Great video, can't wait for our formation flights!
Me neither man! We’ll do it very soon! 🙌🏻👍🏻
Subbed before this blows up! Great production, keep on doing this and happy landings!
Thank you so much for the support, buddy! Blue skies and tail winds 🙏🙌🏻
Great video. Thanks for the break down on the numbers. Hopefully I’ll get to make the same leap one day!
Thanks for watching and glad you liked it, Brent! Good luck and happy to provide more info or answer any questions you may have along the way. Fly safe!
Most straight to the point video i saw . Thanks !
Thank you!
good videos my dude, you need more views, good quality and editing. keep it up!
I appreciate it! Thanks for your support, Ryan!
Excellent video, Bruno.
I recently bought my own plane last year and the breakdown for the operational cost(s) were briliant.
Ill see you in the pattern, my friend.
Thank you, Sir!
That last part is gold, “be good at what you do, not just for the checkride, but for you.” Goes for a lot of other things, don’t be just enough to pass the test, but be good enough to do it all in your sleep.
Great video! I just finished 8 months of ownership on my Comanche and couldn’t agree more!
Thanks buddy! Great to meet fellow owners that are having the same experience. Blue skies and tail winds!
I like the voice overdub for the consistent, clear, and quality sound
Thanks Marc!
When you pointed at the yoke I realized it’s the same kind of Grumman as the Twin Cougar I teach in!
" ... for the sake of getting better at the thing that I Love the most."
Powerful words that ALL of us should always keep in mind!!
Gracias por tus videos, fotos, e INSPIRACION!
Carlos
"When things don't go as planned, will you be ready?"
Gracias amigo! And thank you for your support. Blue skies, tail winds and fly safe my friend!
Que vídeo incrível Bruno! Parabéns.
Valeu bro! Bons vôos!
Great video Bruno! I think you sold me on purchasing an airplane after my instrument checkride. :)
Thanks Tim! Glad it helped, and looking forward to see you soaring the skies in your own bird. Keep crushing on your Instrument training!
Great video mate!
Thank you!
Awesome video! Thanks!
Thanks for watching, buddy! Fly safe!
Great video! Couldn't agree more.
Thanks Tom! Much appreciated! Fly safe and blue skies!
Great vid dude
Can’t wait to own my own 🎉
Thank you, Gerry! 🙏
Nice video! Owning definitely makes you a better pilot. Aircraft ownership reduces a barrier to flight in that you have spontaneous capability to fly when your schedule allows.
Exactly! The freedom and flexibility to fly makes all the difference, and doing it often is what makes a pilot safer and more experienced. Thanks for watching and for your support, Peter! Fly safe my friend.
As part owner of a Grumman Tiger for the past 7 years, I've seen my fair share of aviation expenses...things breaking, annuals, overhauls, and upgrades..I don't know if I saved any money over renting..I feel like I spent more..of course, I stopped adding up..what airplane ownership gives you is convenience and comfort knowing who flew the airplane last hour..for me that makes it worth it..
Hey buddy! You have a far longer experience in ownership than me, so I definitely appreciate your inputs. There are a lot of variables in play, including how often the plane is used, and the issues each particular airframe may be naturally prone to have. So far, I haven't had any major issues that required large investments, but they may come up in the future. As for overhaul, my it will be another 1500 hours on my engine until I need to worry about it, and at my current flying rate it means at least 10 years before I need to worry about it--which is why it's not part of my math. It's always great to "meet" other Grumman owners and the experiences they've been through! Fly safe and blue skies :)
@@FlyWithBruno keep it that way, my friend! On the positive side, airplanes appreciate in value..
@@FlyWithBruno let me know if/when you are going to be in the ATL area, will go for a flight
@@AV8OR51 I definitely will! Thanks man! And one thing that I forgot to mention: I 100% agree with you that the major benefit of ownership is the freedom, flexibility and knowing how the plane was "treated" before you fly it. That ultimately means safety, as you get to know the plane more and more, learn its particularities and knowing what to expect from it in different scenarios. Would love to get to fly with you someday, I'll reach out when I'm in the area!
Great video, thx
Sensacional. To comecando minha jornada, esperando aprovacao p comecar meu PPL em Utah. Um dia, quem sabe, aircraft ownership estara em meu futuro. Keep up the good work.
Obrigado bro! Boa sorte, a jornada é incrível e inesquecível! Melhor coisa que já fiz na vida. Aproveita, e tenha certeza que cada coisa vem a seu tempo. Blue skies and tail winds!
Great video!
Thank you!
Awesome video. I am a student pilot and preparing for my solo cross country. I dream of buying my plane one day.
Yeah but he never mentioned the price of the plane
Thank you!
Good Video, man..
Thanks buddy!
Great video. Thanks for sharing! Appreciated that you highlighted the safety aspects of ownership (upgrading avionics to increase situational awareness, knowing your plane inside out...literally, taking your time to pre-flight, and most of all, flying a lot!)
Thanks for watching and for your comment, George! I'm enjoying every minute with my plane, and if you're dedicated to Aviation having one is certainly a game-changer. Blue skies and tail winds!
Dont get locked in rental planes though! :p
LOL I'll keep that in mind!!
Well done Bruno. I just subscribe to your channel. I too want to own my an airplane. I like the looks of the Grumman.
Thanks Johnnie! Appreciate your support, buddy. The Grumman is the underdog of American aviation, and I’m so glad I went for it. Great plane, and a great learning platform too! Good luck on your search, and I’m happy to help with any questions you may have. Fly safe!
You should also factor in an engine overhaul into that operation cost because one day you’re going to have a $30,000 overhaul waiting around the corner. I know you said you don’t do this but I also factor in my other hourly maintenance costs just because it can get crazy.
My last two maintenance bills for my piper arrow were around $5,000 each so factoring in a decent chunk hourly for maintenance has helped a bit with those bills when they pop up.
I use my plane for flight instruction so I factor in every single cost above Into my hourly rate and end up flying around 70-80 hours a month so I put a lot more wear and tear on my plane.
If you’re flying less than that you might be able to get away with selling the airplane before you have an engine overhaul due.
Very good points. I fly an average of 10 hours per month, so wear and tear is minimal (or at least has been for now). I have set money aside for unpredicted maintenance costs, but haven't really had issues since I got the plane. At 600 hours SMOH, I have at least another 1400 hours on that engine, which means roughly 10 years before I need to worry about an overhaul (unless there's a need to do it sooner, of course). Thanks for watching and commenting, buddy! Fly safe.
@@FlyWithBruno Apologize if I came off in a negative way, if you’ve got that much time left on your engine And keep your monthly flying average around the same then you’ll probably end up selling the plane before you have to overhaul it. Smart move buying a fixed gear plane as well since those are much less labor-intensive to maintain for just casual flying.
I just joined you on the ownership side of things.
They very first thing I get to do as an owner, an annual.
Same thing I did! I got the keys right the day the annual was completed.
I paid for it on August 29th. I hope it goes in for annual tomorrow October 16.
The mechanic said I may not have the factory new engine I was told I have and have paperwork for.
I think it’s gunna get interesting.
I'm in the market now, looking at Beechcraft Sundowners and Socata TB-10s (I like a roomy plane). I've gone over the numbers over and over. On paper it makes complete sense, but I STILL ask myself, "Is it worth it"? Thank you for this!
Glad you enjoyed it, man! And best of luck in your search. It’s a big decision, but it’s SO worth it. Having a plane changed my life, and I guarantee it will change yours too 😃
For once in the history of RUclips, someone uses background music correctly to enhance their video in a non-obnoxious way. Nice job.
Great video! I'm wondering what's the hourly cost looks like if you add hanger fees and maintenance costs to the equation.
Thanks Steve! Yeah, that cost changed a bit with hangar, but I’d say I’m still below $100/hr
I discovered your channel after hearing the "stuck door" comms. You should make a video about that!
Thanks buddy! That video is in the works, will be out this week! Thanks for your support. Blue skies!
@@FlyWithBruno Awesome! Blue skies and tailwinds to ya!
Ditto that! Wouldn’t want it the other way around anymore.
Thanks buddy! Fly safe and blue skies :)
That’s awesome dude! Are you thinking of flying for an airline when you get your 1,500 hours?
Thanks Moises! For now, a career in Aviation is not my goal... But who knows what the future holds :) I'm logging hours to become a better, safer and more proficient pilot, but as I get to 1500 I may consider the options.
great video -- made me calculate my estimated hourly on my airplane .. which i think is about $79 ..
Glad you enjoyed, Ricardo! Fly safe!
Great video. I am a student pilot and went all in purchasing my Cherokee 140 last September. I wanted to train in the airplane I was going to eventually take my loved ones in. Build confidence and know everything about it. I’m a month away from taking my PPL check ride and know flying the same plane consistently has been a key. I’ve got a few videos on blue_yonder_360 of my CFI and I flying 7055R home to Denver and my training progression, check it out as I continue with your great videos.
Thanks for sharing, buddy! And glad you're training in your own plane! You know this already, but it makes all the difference! I wish could have bought my plane sooner :) I just subscribed to your channel and look forward to watching you take 55R on new adventures! Thanks for you support, and blue skies!
Great video! I’m concerned about anyone taking your math to heart
Thanks! The math changed since, but the hourly cost is still lower than what I used to pay for renting
Bruno I follow you on Instagram I’ve seen you flying around the local area, I have a 2 place Grumman based out of MGJ, hope to see you around the patch
Hey buddy! Thanks for watching and for your support! I'm assuming your Grumman is a Yankee (AA1A), correct? It's a beautiful plane! I fly to MGJ often, have a friend who's based there. Next time I'm there I'll hit you up! Blue skies, buddy!
@@FlyWithBruno absolutely! My plane is yellow so it’s hard to miss
I don't understand...
Hanger $4,000 - 8,000 per year. People say it ends costing you more if you don't hanger the plane.
Insurance $3,500 - 7,000 per year if you stay under $250k for the plane.
Annual $2,000 - 4,000 per year
These are the fixed costs, $9,500 - 19,000 per year depending on the market you live and the plane you buy.
After that, fuel is $6.50 - 7.50 per gallon at 8-11 gallons per hour = $52 - 82.50 per hour to fly
So on the low end if you fly 100 hours per year, you're around $150 per hour as an owner, on the high end, $277 per hour. Replacing the engine at 2,000 hours for $50,000 adds another $25 per hour to your flying costs. Then buying the plane is $150,000 to whatever you're willing to pay for the plane. And when something goes wrong...oh my....
I'm not saying owning is wrong, but lets look at the real numbers and make a decision. You are spending more than $45 per hour on fuel alone.
Yeah..
My insurance is less than half of what you put here, and I didn’t add the cost of overhaul because it’s not something I’ll need to think about for the next 7-10 years (based on my current engine time). My fuel consumption is also less than what you said. And fuel at my home airport is also less than your numbers above.
My costs did go up based on the numerous investments I made on the plane over the years, but I’m still not at $150. Even if I was, the point of this video is to show ownership teaches you a lot and makes you a better and safer pilot.
Nice vid. I suppose the largest factor is how much you fly per year. Apart from being able to purchase it of course. If you need to take a loan, that is another monthly fee that comes on top. If you need to take out a loan to buy an aircraft that will fly less than 100 hours per year, I don't think it's worth it. On another note, imagine how much your hourly would go down if you did your CFI and thaught in the plane you own.
Very good points Martijn. A loan wasn't an option for me, as I'm not a US citizen and it's just harder to get the credit... But it sure changes the math for those who can. I set myself a goal to fly at least 10 hours per month, so I can always stay proficient and current. And 120 hours per year definitely makes a difference when you compare owning vs renting. But you're right: if you fly less than 100 hours, it may be better to keep renting. I'm going for my Commercial license, but haven't decided if I'm going to do CFI. Maybe in the future... Thanks for watching and for your support buddy, and fly safe!
I've owned 8 airplanes and had spells where I rented over the 50 years of my flying hobby.
Although I enjoyed the camaraderie of the folks at the flight schools where I rented, I realized that airplane ownership was the only way to actually use my pilot's license to it's full potential.
For me, I enjoyed taking trips with my plane. Sometimes, like when I was dating my future wife, the trips were short. I would fly 100 miles to Cape Cod to see her and spend the weekend.Then I would fly to work on Monday morning. My plane would get maybe 3 hours of flying on it during the course of 3 days. Most FBOs require or charge 3 hours per day to secure their plane. Otherwise, they lose money from potential renters - especially during a weekend.
Other times, I would take my plane on 1000 mile trips for a couple weeks. Hate to think what that bill would be!
I'm an A&P and manage to keep costs down on maintenance so that also helps. FBOs don't care if your an a mechanic or not. Usually they are pissed because I find things wrong with the plane that most pilots wouldn't!
Just my 2 cents...
You’re absolute right!! Thanks for sharing your story!
45$ an hour doesn't even cover fuel today on long island
Yep, prices have gone waaaay up since then, unfortunately :(
Great avionics update! I’m from NYC living in FL. I’m looking to buy a plane to save money in the initial license. What do you think? Should I rent for the license or owning is the way to go? I feel buying is the way but many are telling me that it is very expensive. Thank you.
If you can own for your license it'll be much better, but that isn't always a reality for everyone. It wasn't for me. I'd say rent for your licenses, and then buy once you know you're committed to Aviation for life :)
I appreciate the reply, I unfortunately put flying on hold due to the expense. Happy new year!
That's a beautiful plane🤘
Thank you!
sounds great but at $4.50 average per gallon of fuel, how do you approach to those numbers?
AvGas unfortunately went waaaay up since them :(
I’m definitely buying an aircraft for my training.
I don’t just want to be a current pilot, I want to be a proficient pilot.
Ownership will definitely help you become a better and safer pilot!
What’s The Brand Of The Airplane de Your Flying In The Moad
Grumman AA5A Cheetah!
hanger costs are the biggest issue for a lot of people for owning. finding a hanger and paying 500 a month for it. Not to mention the loan payment to pay for the airplane but really its the hanger that's the biggest issue i think
You're not wrong. Depending on where you live/fly out of, hangars can be north of 1K/month. It's a investment though, because it likely will prevent maintenance issues that can be cause by having the plane exposed to weather and nature year-round.
What resources did you use to help you find the plane you bought?
A lot of research on my own
How did it feel to be a customer of the rental aircraft fleet places , and worry about who had the plane out last, and if they stressed the airframe, cracked a wing strut, or something else that could affect your own safety? Do you feel safer knowing you are the only person flying this aircraft? I think I would feel safer. Nice avionics man. :-) Your plane is beautiful.
Renting planes may seems cheaper, but it really depends on how much flying you do per month/year. And you have to deal with situations like you mentioned: not knowing who flew that plane before you, what they did, etc. Ownership allows you to really get to know the plane you're flying, it's unique features, and ultimately makes you a safer pilot IMO. Another good thing is you care much more about maintenance and learn a ton about it, with also makes you a better & safer pilot. Thanks for the kind words and for watching, buddy!
What is your exact plane?
Grumman AA5A Cheetah
Comparing apples and potatoes in this analysis. Nice plane though, have fun and fly safe!
Thanks!
And you can get one for a round 15000 and it doesn't matter if it's experimental or not you can still learn to fly init
Hmmm... Grumman Cheetah on the low side burns about 7 gallons/hour. Aviation fuel is about $4.00/gallon. That’s about $28/hour. If oil change, tie down, annual and insurance run $4000/year (very conservative) you would have to fly about 235 hours per year to get to an average of $45/hour ($4000/235=$17.00+$28.00=$45.00). That’s a lot of flying in the northeast where winter months can leave you grounded for weeks at a time. This also doesn’t take into consideration the hourly set aside you should be making for an eventual engine overhaul. That said even if your $45/hour is low by 50% it still beats renting. And having the plane available when you want it and knowing who has been flying it (you) is a major plus.
Thanks for your comment, Paul! My annual+insurance package rounds up to $2,300/year, and I don’t set aside money for an engine overhaul because that’s still 1,500 hours in the future (or 10+ years of flying, at my current rate). Hence the $45/hour result in my case. That said, I totally agree with you that it’s less about the money, and more about the freedom and safety owning a plane grants you. Fly safe and blue skies, buddy!
@@FlyWithBruno What are your hanger cost? I was based out of Republic for a number of years and back then outside tie down was a minimum of $120/month.
@@pmh1nic The space I have in the hangar is temporary, and it was lent to me by a friend. So cost is zero. But I pay $85 per month for my tie-down, which I will go back to once Winter is over. Nowadays it's impossible to get a tie-down spot at FRG, let alone a hangar. The waiting list goes on for years! It would be much more convenient to me though, at least 40 minutes less driving in and out.
@@FlyWithBruno Nice to have good friends :). I didn’t realize FRG was so tough to get into these days. Hopefully something will open up for you sooner rather than later. With LI traffic you can spend more time driving to the airport than flying. All the best to you as you build time and experience. Family (four kids) cut into my flying aspirations. Enjoy and stay safe.
@@pmh1nic yep, FRG became insane! And yes, I spend a lot more time commuting to HWV and back from my house than I wanted to... But HWV was the best option I had for now. Thanks for the kind words, and I wish the very best to you and the family! And if you're ever in the area and feel like going on a flight, hit me up and I'll be happy to take you up. Stay safe and blue skies, buddy!
Could you share how much did you buy your Grumman and how much did the avionics upgrade costed you?
I payed 50k for the plane (the seller and I agreed on the AOPA's Vref estimated value, based on engine & airframe hours), plus another 20k for the upgrades.
@@FlyWithBruno Thank you! I am looking to get a Grumman in the UK. Which variant do you have?
@@FlyWithBruno 20K for all the avionics upgrade?? If so, it’s very reasonable .....
@@yannismakridis I have the AA5A Cheetah with the 160hp engine STC!
@@kanjiishii1350 yeah, that was my total cost and indeed was very reasonable! I did it with Icarus Avionics at KHWV, those guys are great and do an excellent job for a fair price
So if you have a $1500 breakdown (which is very very easy to have). It will officially make it more expensive.
The benefits of ownership go way beyond the costs though
4 hours a weekend sounds like about $700? or $2,800 per month. That sounds like a ton of money (for a regular guy like myself). Can you tell us what you do for work to afford that? that just sounds way out of my league
In the US there are lots of options. But none are really cheap unless you go with an ultralight, or powered parachute type flying. Fun to be sure, and affordable even with jobs paying less than $40k per year. But you won't be traveling cross country with them. Local use only.
Certified aircraft will be costly in that you are limited in what you are allowed to do yourself as far as upgrades and maintenance. It adds significantly to the headaches, costs, logistics.
Average flight hours for most private pilots in the US is about 60 hours per year or 5 hours per month. That's not much. If you are a new pilot, you pretty much need to restrict yourself to fair weather flying only and gaining experience. My own personal opinion is that you should not take anyone with you for your first 100 hours flight time. Would you want to have heart surgery with the doctor that has only done one heart operation ever? I wouldn't.
Experimental aircraft can be found on the used market like the Sonex lineup. You can find them for about $25-35k price wise. Small and limited luggage capacity. But it can be flow in fair weather across the state lines to go visit family and friends.
Depending on your location in the country, the weather patterns may force you to get your IFR rating, because otherwise you will be stuck on the ground mostly.
Hangar availability is a big issue in major locations. And the cost is going to be steep for you to keep a "hobby" airplane in. Sure, you could park it outside with the beat up old Pipers and Cessnas that definitely show their age. But you will do so at risk of weather damage, sun damage, rodents, birds, snow, ice, high wind days, etc.
How are you REALLY going to wind up using or not using the airplane? Are you in good enough health to keep your medical? How old are you? Lots of questions.
You will be restricted by weather. It was nice flying into some airport on Thursday night and visiting with people, but now it's Sunday and the weather has turned to total crap and you need to be at work at 7am Monday. Hmmm...you got yourself a bit of a problem. "Get there itis" has killed many pilots of all experience levels.
Airplanes that sit unused with engines off tend to not age well. Those engines like to be running. Many a camshaft has died and early death due to lack of use and lubrication.
Are you willing to go out today and buy a $40,000 car? You will probably get more use from the car than an airplane of the same cost. Can you afford that car? If not, how are you going to afford the airplane that you have to pay to park it? Aviation is not cheap and is not a "must have" for most people on hourly wage jobs.
If you have kids and a wife, well, yea, the ultralight thing flying around the local area may be as close as you're going to get.
For average Joe, it's a very expensive hobby. Great you bought and airplane and spent $6,500 on getting your pilot certificate. Now what? Now you have a lot more bills than you had before any of that happened. What if you get laid off? What if your wife wants to move to a different state or country?
Barnstormers is filled with planes for sale because pilots have lost their medical, or started a build project and bit off way more than they had time and energy for.
You have to have a serious sit down with yourself and lay it all out on paper. Heck if you have never flown before, you might not even like flying in a small plane. Some of them are so tight that you can't even sit with one inch of space between your shoulders. The Sonex model A comes to mind.
What are you really going to do with that airplane on a month to month basis? If you live in the North, are you going to go out to the airport each week and do all that is needed to get that snow covered airplane ready to fly? What if your airport is an hour away from home?
People talk a lot about TBO. Time between overhauls. Many engines if properly maintained and used, will easily exceed TBO. For most pilots purchasing a plane, if the engine has lower time on it, you simply will not fly enough to even make it to overhaul unless there is a failure that dictates it. There are not enough free hours in most peoples lives to even worry about it. You think maybe you will fly 200 or 300 hours a year as average working stiff Joe? Not a chance. You will be lucky to hit the 60 mark per year. If you want to fly more than that, you have to get a job in aviation, and then it's a job, not a hobby.
Aviation is a gee whiz kind of thing. You go to Airventure one year and "gee whiz, that's cool, how can I get me one of those?" And then the reality of actually doing that will set in, unless your Joe rich guy with loads of money to toss away.
And just because you bought a plane, doesn't mean your wife and friends share your love of aviation. The reality is that most of the time, that right seat will probably be empty most of the time you fly.
It's not a money saving hobby. It's a very expensive hobby. Are you willing to sacrifice all that is needed to keep it as a hobby for years and years?
What he said!
New goal in life: Private license and plane ownership.
Way to go!!
But what about the cost of an overhaul?
Great question, and thanks for asking! My engine is barely getting to 600 hours SMOH, and it's rated at 2000 hours. Since I fly an average of 100 hours per year, that gives me 10-15 years before I have to worry about an overhaul. And that's why it wasn't part of my math. But it is a very important thing to consider if you're buying a plane with an engine that may need an overhaul in the near future. Thanks for watching and for your support buddy, and fly safe!
@@FlyWithBruno I just passed my checkride a few weeks ago (ASEL PPL) and am renting, but I have dreams of owning in the future. Like
your videos - thanks for making them.
@@pfd_mark_taylor amazing man, CONGRATS! I passed my PPL checkride two years ago, and I know the feeling. Keep flying and getting proficient, being a good pilot is all about the experience. Blue skies, tail winds and hope you join the owners club soon!
I wondered how many hours per year for you guys who own a plane fly actually?
I flew 173 hours last year
@@FlyWithBruno I've heard around 150 hours year is around the borderline worth it to own.
Do you think it is better to own at 173 hours?
@@wckoek I wouldn’t have flown 173 hours in one year if I didn’t own my plane, and the freedom that comes with it. As for the $150, it really depends on what type of plane you’re flying, and the fuel burn and maintenance costs associated with it. The Grumman AA-5A is a fairly cheap aircraft to maintain and fly, which is one of the reasons I opted for it.
@@FlyWithBruno in my region, renting is expensive but 2 seater that is less than 150hp is about what I can make sense to keep.
I know I would also fly more if I own, but I only have time to fly at weekends, and probably 2 hours or less per week, makes it around 100 hours or less per year.
But of course the freedom comes with ownership, I will give some thoughts on buying it this year if I found a good deal.
U didn't show a balance sheet. Nill
I outlined all my costs, not sure what a balance sheet would add to this
2:43 but renting is also an investment so cost of plane should have been taken into account in my opinion.
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What's your investment worth now compared to what it was when you bought it! Ahhhh
Almost triple the value!
Look how wealthy your wife will be some day!
You didn't include the cost of the plane? That's one of the biggest break even points, or even fuel burn on this plane vs a rental!!!
Math is flawed and not apples to apples.
It’s not flawed, because the math is different for every owner. I’m not looking for a “break-even”, or even to “profit” from this endeavor. What I was looking for was to not have to write a $400+ check every time I flew a plane for 2 hours. Mission accomplished. The cost of the plane is behind me, I payed it all at once and I’m only looking at the costs ahead of me now. Fly safe ✌🏼
Your hourly cost is entirely incorrect by a huge margin
That rental fee that you’re comparing it to included engine con contingency, which you are not .
Unfair comparison
Over the years I found that my actual cost is around $100/hr
OMG I could not and did not listen to this the music in the black ground was horrible. Why? Ask yourself
Thanks for watching!
@@FlyWithBruno I didn't watch it.
Why are you guys obsessed with playing music over important information? Please reconsider in future videos.
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lmao you don't include overhaul, that's gonna fuck you over big time later
You mean the thing that I won’t have to worry about for another 7 or 8 years? Of course I didn’t include it. My engine is far from TBO and running very strong. I bought my plane with 543 hours SMOH.