annual costs of owning a plane
A small airplane such as a Cessna 172 can cost up to $30 per hour in fuel alone during flight. If you fly 200 hours in a year, it’ll cost $6,000 in fuel alone per year. Whether or not you can justify the cost of a private aircraft depends largely on your sense of financial security and your opinion on quality of life. You can get an estimate of aircraft operating costs on AOPA's website or at conklindd.com. For a small single-engine fixed-gear aircraft like a Cessna 172, operating costs can be between $100-$200 per flight hour. When you are determining how much you can afford, you’ll have to include these costs. You can get an estimate of aircraft operating costs on AOPA's website or at conklindd.com. For a small single-engine fixed-gear aircraft like a Cessna 172, operating costs can be between $100-$200 per flight hour. Overhaul costs can easily run around $18,000 so an aircraft with a run-out engine will cost quite a bit less than one with a newly rebuilt engine. The good news is most pilots who fly for recreation fly fewer than 100 hours per year. As I recall, 35 to 50 hours per year is more typical. The typical cost of an annual inspection for Cessna 172 or a Piper Warrior class airplane is $1,500 – $2,500 for a plane with no major issues or ADs since the last annual. That is based on a shop doing it. My flying costs. This page is all about the costs and expenses of flying G-BSEP, the 1959 Cessna 172 that I co-own with a couple of other pilots at Redhill. Our group is fairly typical of many aircraft ownership groups, so this page gives a reasonable guide to the financial side of group ownership. The annual inspection should run around $1,000 per year although if something needs to be fixed it will be more. One disadvantage of aircraft ownership is you will want to fix your airplane when the mechanic informs you he needs $5,000 to repair it. Expect to pay anywhere from $600 a year and up for your [annual aircraft insurance] premium depending on the airplane, your time in type and your total hours. $1,100 a year seems to be fairly typical of a Cessna 172 class airplane flown by a VFR pilot. That was what I was paying when I first bought my PA-28 Warrior. Expect to pay anywhere from $600 a year and up for your [annual aircraft insurance] premium depending on the airplane, your time in type and your total hours. $1,100 a year seems to be fairly typical of a Cessna 172 class airplane flown by a VFR pilot. The above table shows that owning and running an aircraft is a hugely expensive proposition in this country, in addition to the purchase cost of 20,000 to 50,000 (depending on the aircraft's condition, equipment and number of hours remaining on the engine).
20,000 to 50,000