Aircraft Ownership Costowner costs
Hourly costs are the extra costs for each flying lesson, whether water or gass. Totals per year and per hour shall be calculated on the basis of estimates of the number of flying hour per year. In order to find the best rates for your local car hire and petrol, look for a local airfield at airnav.com. With the exception of rents, all lessons are tachograph lessons (the duration is indicated by the counter attached to the tachometer, which collects 1:1 when cruising and slows down when idling).
To compare with the letting, please fill in the letting prices and, if necessary, the club fees. The majority of lettings are Hobbs wets, so the cost of box hire is in Hobbs wets (cost per unit the aircraft runs, includes fuel). The system uses an estimate tacho/Hobbs convert ratio that you can customize (set it to 1 if you want to enter lease costs in dry tacho hours).
Remember that pilots have a tendency to spend much more flying time than tenants. In order to cover more cost per year, simply raise the cost of the cost per year survey. For example, you can assess the cost of opportunities for your capital expenditure. In order to involve more cost per hour, raise the hour reserves. You can easily duplicate the cost of overhauling a Gemini, and while you're at it, probably the cruuse gal/hr, yearly, insurances and reserves.
It' s about the liberty to go anytime, remain as long as you want, always find the aircraft in the state in which you abandoned it, know the aircraft and its service histories, and have the ability to operate hard-to-hire aircraft as well. When you want to own an aircraft and have the means to buy it, I suggest you simply look at the annual total and see if you can buy it.
Buy the airplane then and keep in mind that every lesson you spend flying is less expensive than the last one.....