aircraft ownership costs?

Davina Shindler: Insurance depends on what you buy, what kind of time you have and how much hull you get.Hangar rent varies per the airport, ask around your area, particularly the perimeter airports.Annual depends on what you get and where you get your maintenance done, and how much help you do or do not provide.Average airframe again depends on what you get....Show more

Mitsuko Manne: BenDer covered it, you should try some on-line ownership information sites as well like What2fly http://www.what2fly.com/operating_cost/ AOPA http://www.aopa.org/aircraft/ and if you are looking at a particular model the site for the owners like Cessna Pilots http://www.cessna.org/ or Cessna Owners http://www.cessnaowner.org/ Piper Owners http://www.piperowner.org/ etc. They have good solid information from owners!

Melvina Bieri: The cost of insurance will depend upon the value of the aircraft, the type of aircraft, your experience as a pilot, and how you intend to use it. The ! cost can vary widely. There are $50k airplanes that are relatively cheap to insure, and there are $50k airplanes that are very expensive to insure. Cost alone does not determine insurance cost.A plane with retractable landing gear will be more costly to insure than a fixed-gear airplane. A faster, more complex aircraft is usually more expensive to insure than a slower, simpler one, but not always. More seats means more liability equals greater expense. An airplane flown from unpaved runways is more expensive to insure than one only flown from pavement. Some planes have a statistically higher accident rate and are therefore more expensive to insure. A tailwheel aircraft is generally more expensive to insure than one with nose wheel steering. Keeping an aircraft hangared will reduce the insurance cost, while keeping it outside will increase the cost, especially in areas prone to hail or high winds. The only way to get an accurate idea of cost is to call an insurance company,! such as Avemco, and get a quote based upon a specific airplan! e. My airplane costs under $1000 per year to insure, but I'm an ATP with 30 years experience and over 15,000 flying hours behind me and over 1,000 hours in type. A new private pilot might have to pay 5 times that much to insure the same airplane The "Midwest" is a very large geographical area and cost of hangars varies hugely from airport to airport. Your question is analogous to asking what apartments cost in the Midwest. In downtown Chicago, an apartment is a heck of a lot more expensive than in Chagrin Falls. Likewise with airports and hangars. Expect to pay more in larger cities and at bigger, busier, airports than at smaller, rural ones. The size and type of hangar greatly affects the price as well. The difference can be several hundreds of dollars per month, if not more. Some airports also have waiting lists that are years long (at my airport, the average wait is 7 years), so you may be forced to get an outdoor tie-down space instead. Call or visit the managers off! ice at the airports near you and ask about rental rates for hangars and tie downs.Maintenance costs are highly variable too. Again, it depends upon the type and complexity of the airplane you own. Without knowing what make and model of airplane you are interested in buying, it is impossible to quote a dollar figure. Condition is an overall consideration too, as well as the history of the aircraft and how it has been previously flown and maintained. Annual inspections can range from hundreds to thousands of dollars. Likewise with general monthly upkeep. Some airplanes are far more expensive to maintain and overhaul than others. Some are prone to problems and some are not. Average airframe hours can vary widely as well. While this number will affect the price of many aircraft, it is not an overall indicator of condition or quality. For most small, general aviation airplanes, a few thousand hours is normal. I've seen airplanes with only a few hundred hours that were in worse c! ondition than some with thousands upon thousands of hours. I once looke! d at a forty year old Cessna 172 that had over 20,000 hours on it, and in my opinion it was a far better airplane to buy than several I looked at that had a few thousand hours on them. In other words, you have provided insufficient information. Until we have a better idea of the airplanes you are considering, you might as well ask what the weather is like in the United States. Without asking "where", the answer could fill an encyclopedia.Lastly, there are many books and a lot of internet articles devoted to the costs and considerations of airplane ownership. Avail yourself of them....Show more

Jen Maday: aviation is a painfully expensive hobby nowadays.plan for at least $100 per hour of flight time. this includes gas, plus an allowance for maintenance, insurance, and so on. if the engine doesn't have long before its overhaul, budget accordingly (5 figures for an o-320 or o-360).hours by themselves don't always predict whether the plane is any good. a plane used for fl! ight training, for example, may have low hours but zillions of landings. some of them rough. but it will have been maintained to commercial standards.i learned a great deal about what it's like to own and run a plane by osmosis while i was learning to fly....Show more