AVSIG: An Economics Lesson wwswsigarch.jpg (7236 bytes)

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B. Butler (Oregonian)
Top Gun


Reged: 05/15/04
Posts: 9760
Loc: Ashland, Oregon
An Economics Lesson
      #446153 - 12/23/17 06:40 PM Attachment (74 downloads)

I've long deflected inquiries regarding the cost of aircraft ownership by jokey answers like: "I don't do that calculation, because I simply don't want to know..."

So here's the calculation for the ownership of my '68 Piper Arrow for the past year:

Nov 2016 Annual: $2400

One year hangar rental $2700

Inst. Comp. Check $ 400

Physical Exam $ 125

Static & xpdr Check $ 485

Nov 2017 Annual $4800

TOTAL $10,910

HOURS FLOWN 3.5

UNIT COST $ 3117.14/HOUR

I know, I know, counting two annuals is cheating, but, hey, it's my story. Anyhow, the punchline is that yesterday, the wire transfer arrived and Arrow 3730T is about to start its journey to its new home in Ecuador



--------------------
"Why not be a nihilist? A man has to believe in something."
-Bernie Gunther

Edited by B. Butler (Oregonian) (12/23/17 06:41 PM)


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Dave Siciliano (ADS)
Top Gun


Reged: 05/17/04
Posts: 8469
Loc: ADS (Dallas, TX)
Re: An Economics Lesson [Re: B. Butler (Oregonian)]
      #446154 - 12/23/17 07:17 PM

Mixed emotions, Iím sure. Your shining example wonít cause me to do those computations :-)
I do believe my per hour cost is less.

Edited by Dave Siciliano (ADS) (12/23/17 07:19 PM)


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Scott Dunham (RDU)
Top Gun


Reged: 04/29/04
Posts: 6470
Loc: Chapel Hill, NC
Re: An Economics Lesson [Re: B. Butler (Oregonian)]
      #446155 - 12/23/17 08:11 PM

Even if you just figured hangar rent and nothing else, still $850 an hour.

I think Iím going to go hide my copy of Trade-a-Plane....


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Ward Miller POU-NY
Top Gun


Reged: 05/05/04
Posts: 10508
Loc: New York
An Economics Lesson [Re: Scott Dunham (RDU)]
      #446156 - 12/23/17 08:48 PM

But, Scott, the more you fly it, the cheaper it is. I guess if you fly it a
LOT, it's free!


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B. Butler (Oregonian)
Top Gun


Reged: 05/15/04
Posts: 9760
Loc: Ashland, Oregon
Re: An Economics Lesson [Re: Scott Dunham (RDU)]
      #446157 - 12/23/17 08:55 PM

Quote:

Even if you just figured hangar rent and nothing else, still $850 an hour.

I think Iím going to go hide my copy of Trade-a-Plane....




Yeah, special circumstances; the aircraft was for sale, needed to be available, and I spent much of the season doing other stuff anyway.

But in a typical year, I would fly 35 hours, moving the decimal point just one click to the left.

And those numbers dont include the $8K for ADSB compliance and the 35K for the factory reman which I got installed for free, etc. As an elderly retiree on a fixed income, I won't miss it much.

--------------------
"Why not be a nihilist? A man has to believe in something."
-Bernie Gunther


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Scott Dyer [HPN/NY]
Top Gun


Reged: 01/11/03
Posts: 20065
Re: An Economics Lesson [Re: B. Butler (Oregonian)]
      #446158 - 12/23/17 09:17 PM

Bill -- I was thinking about your Arrow in the last couple of weeks, wondering if it had been sold. I'm flying a fair bit with a student (IFR) in one and I'd forgotten what a great airplane it is.

--------------------
www.scottdyercfi.com


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B. Butler (Oregonian)
Top Gun


Reged: 05/15/04
Posts: 9760
Loc: Ashland, Oregon
Re: An Economics Lesson [Re: Scott Dyer [HPN/NY]]
      #446159 - 12/23/17 09:31 PM

Quote:

Bill I'm flying a fair bit with a student (IFR) in one and I'd forgotten what a great airplane it is.




They are. Mine was a very early one, #37, but the validity of the concept was proved through continuous improvement and if I were to receive a small inheritance tomorrow I'd go looking for a turbo-3 immediately.

Due to the high wing-loading, it is a very stable instrument trainer and flies and lands like a bigger airplane.

Cross-countries at 140 knots required a certain tolerance for lower back pain, but we did a lot in 30T, once flying from Anchorage to Nantucket and back.

And even here in the "lesser-48", there is a certain cachet in flying from to a Giants day game and getting home for dinner.

--------------------
"Why not be a nihilist? A man has to believe in something."
-Bernie Gunther


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Scott Dunham (RDU)
Top Gun


Reged: 04/29/04
Posts: 6470
Loc: Chapel Hill, NC
Re: An Economics Lesson [Re: Ward Miller POU-NY]
      #446160 - 12/23/17 09:35 PM

Let me go try that on Katie...

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sreyoB yrraL
AVSIG Member


Reged: 05/16/04
Posts: 9442
Re: An Economics Lesson [Re: Ward Miller POU-NY]
      #446169 - 12/24/17 09:10 AM

Quote:

I guess if you fly it a LOT, it's free!



Well, I'm just one data point but, I fly "my" airplane a lot--700 to 800 hours per year--and it's free to me! LOL


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Andy Alson (HPN/NY)
THE TOP GUN!


Reged: 08/31/01
Posts: 1862
Re: An Economics Lesson [Re: B. Butler (Oregonian)]
      #446170 - 12/24/17 09:17 AM

If you wanted to make it a little better story you could add in the insurance costs and chart and data base subscriptions also.

I had a '72 arrow II for 10 years and really liked it a lot. You'll miss it, I'm sure.

Andy


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