Bought a c-150

[DaveJ]

I went through the exercise to figure out the cost of my Arrow over the past 20 years. Insurance, maintenance, two engine overhauls, two paint jobs, avionics, tiedown, etc. worked out to $110/hour for 75-100 of flying hours per year.

 

[cforst513]

i'm doing my commercial initial as multi and doing the single add-on in a regular 172

 

[LearLove]

My estimate on 150 costs (not hard but good ballpark):based on 10 hours/month flying.

MX and eng reserve = 20/hr
fuel = 4/gal
burn = 6gal/hr

I plan to buy one without taking a loan so no payment if factored:

NO Hangar - will use outside tiedown and have canvas cover.

tiedown (Philly area) - $80
fuel = 10X6X4=$240
MX = 20X10=$200
total = 520/month or $52/hr - (I pay 77/hr for the 152 I rent at this time.)

MX at 200 per month is 2400 per year for anual, basic needs and $$$ in the bank for eng. overhaul. I figure on buying a mid time engine 150 so at 100 hours per year it will be about 10 years until the engine needs and overhaul (crossing fingers). If I can keep the anual and other MX to $750-$1500 per year I'll save about $1000 per year to put away for the overhaul by the time it needs it.

O sh!t I forgot insurance, If I remember correctly I was quoted about 2 years ago at 750 for the year. 750/12= 63
63+520 = 585 or about 60 bucks per hour to own my 150.

Not to bad for a hobby/excuse to hang with your local airport friends/bums. My other hobby is cycling and I usually spend about 150/month on that. A good day is ride to the airport, hang out, fly with friends to get something to eat, fly back, ride home and toss something on the grill.