vetteracer
Well-known member
- Joined
- May 29, 2004
- Posts
- 361
I owned a Grumman AA-1 Yankee.
Great little plane, fun to fly. I used if for cross country time building and did my CFI in it.
I paid around 600.00 a year for insurance and had it in a hangar. The hanger rent was 100.00 per month.
I put around 400 hours on the plane in 2 years. Each annual was about 1200 dollars. I put a new canopy and windshield in it and few instruments and the have you.
I sold the plane for 2500 more then I paid for it so the only money I was out, was that for hangar, fuel, and oil. The plane came with an Auto fuel STC so that saved me a ton in fuel costs. I bought my oil from the local distributor so about half price of that from the FBO. Landing lights I bought at tractor supply, same make, model, just 45 dollars cheaper.
I figured it cost around 22 dollars an hour to operate. The more you fly, the more you save. And if you have another guy go in on the plane with you your fixed overhead is cut in half.
I borrowed the 14,500 dollars for the plane from the bank. The payment was 175.00 dollars a month.
If I were you I would look at a Grumman tiger of Cheetah. Great plane for the money and will most likely be IFR certified and that way you can do your instrument rating in it as well. I see them going for 40K-50K. Cheaper and faster then a 172.
Mark
Great little plane, fun to fly. I used if for cross country time building and did my CFI in it.
I paid around 600.00 a year for insurance and had it in a hangar. The hanger rent was 100.00 per month.
I put around 400 hours on the plane in 2 years. Each annual was about 1200 dollars. I put a new canopy and windshield in it and few instruments and the have you.
I sold the plane for 2500 more then I paid for it so the only money I was out, was that for hangar, fuel, and oil. The plane came with an Auto fuel STC so that saved me a ton in fuel costs. I bought my oil from the local distributor so about half price of that from the FBO. Landing lights I bought at tractor supply, same make, model, just 45 dollars cheaper.
I figured it cost around 22 dollars an hour to operate. The more you fly, the more you save. And if you have another guy go in on the plane with you your fixed overhead is cut in half.
I borrowed the 14,500 dollars for the plane from the bank. The payment was 175.00 dollars a month.
If I were you I would look at a Grumman tiger of Cheetah. Great plane for the money and will most likely be IFR certified and that way you can do your instrument rating in it as well. I see them going for 40K-50K. Cheaper and faster then a 172.
Mark
. Not much out there right now for a commercial pilot with 2-300h TT. You can always get lucky but for most, it is hard to find something. May be if you have some tailwheel experience you can try som banner towing. I would say charter is out of the question unless you know someone. Try the different subsections of the forum to get an idea. Good luck.
