cessna 150/152 ownership costs

[Flying Illini]

Just trying to satisfy my curiousity so ANY info is appreciated!
I'm curious about all costs involved in the ownership of a cessna 150 or 152. I am interested in the costs associated with an aircraft that would be VFR worthy...an IFR worthy bird would be nice but may cost a little more (does IFR capability affect insurance?). I have seen prices ranging from $16,000-$25,000 for the aircraft. I am also interested in (obviously just an average or price range on these) yearly costs for fuel, oil, insurance (one or two CFI-I's would own the plane), maintenance costs, annual inspection costs, tie-down/hangar (in midwest), registration, and any other costs that I may have left out.
I am just trying to get a ballpark figure for what the total yearly cost and hourly costs will be if the airplane flies 150-200hrs a year.
It would be great to have someone familiar with owning a 150/152 chime in but like I said before, I will take any info anyone has to offer...even if it is all geared to a 172...I figure a 152 would definitely be less!

Thanks in advance!

<edited to add this> P.S. I know that there may be alot more involved in aircraft ownership than listed above. If I missed anything, please let me know!

 

[AirSeattle]

I've owned my C-150 for almost 10-years now. I use it mostly for transportation to an island airstrip hideout in the San Juan Islands north of Seattle, so I don't fly alot each year.

My typical costs include:

515.00/yr insurance
500-750/yr for annual
44.00/month tie-down
plus direct operating costs, all in the Seattle area.

Alot. Yes considering the fact that I fly it around 40 hours per year. Would I sell it. HELL NO!!! I really like the fact that I own my own airplane. (I will say that now that I fly the CRJ, I really SUCK at flying a single-engine Cessna for fun!)

Fly Safe in all you do!

joel

 

[Flying Illini]

Thanks AirSeattle. Just curious, what is your average fuel burn an hour?

Anyone closer to the midwest have any info?

 

[siucavflight]

6 GPH

 

[flywithastick]

Airplane ownership...

Unplanned top OH - $2000

New AD - $1500

Annual - $1000

Burned up radio - $500

Knowing your plane is waiting in the hanger, no wait, no scheduling, number one in line for you - PRICELESS!

Life is good!

For more answers than you have questions, go see the AOPA (.org). No GA pilot should leave home without it! Seriously - join AOPA. IMVHO, one's really kind of a slacker if they fly GA and don't join.

 

[U-I pilot]

what is your average fuel burn an hour?

The 152's we have (that you must not have gotten much time in) burn about 6/hour as well.

How are the turbines treating ya? Any trips to MDW? Any problems with the seatbelt at night?
TTYL man.

 

[de727ups]

152's

I have a 152 aerobat. I bought it this year for 23.5K, very VFR. The engine had a bottom end overhaul just prior to my buying it. Paint and interior are good. It burns 6 gals per hour and hasn't had any major problems in the first 100 hours. There are some minor things that need to be addressed when we do the annual that I keep putting off but nothing that will total more than an additional $500. Private use insurance was only $700 a year. For instructional use, you'd better sit down for this, I pay $2000 a year and it's liability only....no hull coverage. If you want hull...it's about 10% of the hull value each year. Hull will be required if you finance the plane. I'm making students pay for their own renters insurance prior to solo. 10K coverage and it cost's them $300 a year. Beyond that...I self insure as a means to keep the rental costs down.

Annuals/100 hours shouldn't be more than 1K and could be as little as $500 with no sqawks. It's true that you can get hit with a big AD or unplanned maintenance problem but it's not that common. I can't think of a time I've really been burned since I've owned planes for the last 20 years.

The best thing you could do it find a mechanic who is interested in trading flying time for wrenching time. By him lots of beer and be his best friend cause he could save you thousands of dollars. Anyone know of one in the Spokane area?

IFR doesn't affect insurance other than it increases the value of the hull.

One thing you might need to consider is does your state have use tax? When you buy a car, do you have to write a check for 6 to 8 percent of it's value to the state before you can register it. In my state, it's like 8 percent......quite a shock if you weren't expecting it.

 

[Flying Illini]

FlyChicaga, nope, went to Lexington this morning in 94, sorry. I keep listening for you when I'm up there though.
U-I Pilot, I only flew the 152's a little bit, mostly spin instruction.
Thanks for all the info, the state tax possiblity has given me something to look into (among a few other items!).

 

[Flying Illini]

de727ups,
you mentioned that to give instruction in your airplane it cost an extra 2g's. Would that insurance be necessary if both owners are CFI's and only plan to give each other BFR's or IPC's?

Also, you mentioned that if you finance the airplane you are required to have hull insurance...is that a bank requirement (to protect their investment)?

 

[de727ups]

Yes to your last question. You only need instruction and rental insurance (the expensive kind) if you are doing instruction for compensation or renting the plane to students. If you and your CFI friend are only going to fly with each other and not offer instruction and rental...then I wouldn't worry about it. In fact, I'm almost convinced that if I was going to be the only instructor and I was only doing IFR training...ie....I was always in the plane. I'd probably just go with private use insurance and take my chances....

 

[Flyingtoohigh]

If both you and your CFII friend are on the title, then you're both owners and anytime either of you fly it, together or separate, it's private use, IMHO.

 

[Illini Pilot]

there was a link i found on here once that had a detailed breakdown of every cost imaginable for tons of GA planes. can't remember but maybe someone else remembers it or do a search