6 Untold Truths of Aircraft Ownership

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Күн бұрын

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@leadpan 7 ай бұрын

Purchasing a quality full-coverage (wings, fuselage, empennage, prop, canopy) saved my 150 from sun, rain, wind damage without a hangar

@apfelsnutz 7 ай бұрын

You will find that such a cover only goes to trapping, inside your cover, just the elements you are tring to avoid.

@scottmiller4711 7 ай бұрын

I think that before a person buys and airplane they have to first decide what their "mission" will be for the aircraft. If it is commuting then purchase something reliable, $100 hamburger is a different airplane and traveling with a family is a larger airplane. People also need to understand the value their airplane might have both before and after purchase. Experimental's (I own one) are often not valued as high as a certificated airplane...bottom line is that flying is an expensive hobby and people need to take that to heart before going into it.

@realediciocco1598 7 ай бұрын

As a former owner of multiple airplanes i can say this is spot on and very well done. Hangaring the aircraft is a must and i agree with your thoughts about keeping it outside at times. You are constantly worrying about it and always on your mind. Take care and blue skies and tailwinds always.

@FloridaFlying 7 ай бұрын

Thank you Reale. Are you planning on going to Sun n fun? I’ll be there Friday through Sunday.

@realediciocco1598 7 ай бұрын

Hey Pedro. Unfortunately, not as i will be moving next week. Would have been great to meet up. @FloridaFlying

@robertblaney5033 7 ай бұрын

The 1st rule of aircraft ownership is to NEVER,EVER,EVER add up the cost of owning an aircraft. 😂

@peterrestaino7047 7 ай бұрын

I always thought plane ownership was a fools errand but my hats off to people who do.

@gusbisbal9803 7 ай бұрын

So your a fool to do it but well done? You mean its too much work time and money for the amount of return you get for it and you admire those willing to be that committed to it?

@peterrestaino7047 7 ай бұрын

@@gusbisbal9803 yes

@kwingat 7 ай бұрын

I've heard about airplane coops that seem to make airplane ownership a little more manageable for someone that just wants to fly every so often. I don't have any experience with them, however.

@FloridaFlying 7 ай бұрын

There are many clubs that share ownership of a plane, even experimentals. It’s a good option

@jasonstevens1269 7 ай бұрын

Great video and feedback. As someone who wants to buy an RV-12 your videos are invaluable.

@FloridaFlying 7 ай бұрын

I think you’ll love the RV12. It’s a great plane

@apfelsnutz 7 ай бұрын

This is a excellent video that every aspiring aircraft owner should see...bar none ! All of the ownership topics are covered completely, and should be heeded by those interested in aircraft ownership. Thanks, and good luck !

@Acc0rd79 7 ай бұрын

I own a Beech Sierra over in Kissimmee. I know about the rent going out of control. 592 a month now with tax for my T hangar with Sheltair! It's nuts. The plane was relatively cheap to maintain the first 3 years as I bought mine in 2020 but holy cow from October to January of this year I spent over 11k to fix a cylinder, audio panel and some other things that went bad at the same time. Be ready for some HUGE repair bills.

@FloridaFlying 7 ай бұрын

I am also with Sheltair and I pay about the same. They are about $250 more per month than the county hangars. Oh, and electric is not included. Its sad

@msabol01 7 ай бұрын

Great comments and agree with them all. As a good rule of thumb if you are flying less than 100 hours a year, aircraft ownership isn't for you. Consider joining a club or stick with renting. Each method has advantages and disadvantages. Best things about ownership is you know the airplane and its quirks, only you are flying it, but all costs are on you. Clubs is a happy medium between renting and owning.

@paulwright7239 7 ай бұрын

After earning my ticket last year in a very cost-effective Cessna 150 club, I needed to upgrade to faster airplanes to travel for work. Joined a non-equity club for access to a couple glass panel 172's and a 182, and my costs per hour went up exponentially. Proficiency is critical, especially for a low-time pilot, so the less often you fly the more dangerous you are to yourself and others. I now realize the perfect situation (for me) would be to own a vintage taildragger that I can fly weekly around the patch and short cross-countries to stay sharp, and when you need a faster more capable machine, rent that sh!t. So I'm rebuilding my home cockpit simulator with hardware devices that emulate the Garmin G5, 750/650 units and the G500 autopilot so I can fly the faster stuff competently but am also in the market for a Cessna 140 or Stinson 108. I'm senior in my career and fairly well compensated but there is just no inexpensive way to do it. Flying is really expensive.

@hefeibao 6 ай бұрын

Am in a similar boat. You really just have to bite the financial bullet and fly at least once a month, no doubt.

@RusscanFLY 7 ай бұрын

I want to thank you for this video, because I am currently looking to buy and Airplane after three years renting. I have been on the bubble with buying an airplane, because it just seems so insurmountable! But on the flipside, the rental market is getting crushed! Any of the Flight schools are going to ATP route, and so renting Legacy aircraft is becoming a thing of the past. All of the schools are buying brand new aircraft, that they do not rent to pilots once they get their certificates. The few Flight schools that do rent legacy aircraft, are getting crushed by folks like me, and their own students for those same airplanes. So I am really being pushed into Airplane ownership. But it’s such a scary proposition for sure. Anyway, thanks for the video. One last thought, I cracked up when you listed, the different certified aircraft. Spot on with the one shiny Airplane company! Fly well, brother!

@msabol01 7 ай бұрын

Russ consider a flying club, it's a happy medium. Since you're in my area, check out Delaware Valley Aviation where out of PNE. We have a bit of a wait list but its worth looking at. Also happy to chat with you about ownership, I have my Tomahawk at DYL.

@RusscanFLY 7 ай бұрын

@@msabol01 interesting! I didn’t realize there was a flying club out of PNE! That’s awesome! And yeah, will definitely chat. I’m starting to feel it’s time to start looking at other ways to fly other than renting.

@nunyabidness3075 7 ай бұрын

The issue of where you live ought to be included. My local reliever airport was redesigned to accommodate the airlines again, and there was then no hangar to be had within 45 minutes away. Also, even that one was just not very nice or a good value. I paid similar money for a trashy hangar with a huge taxi time, no actual security, and way out of town. That airport is now getting pressured over noise, too. Well, my wife had her own career which was why we could afford a plane, but didn’t want to live in the far suburbs. This eventually led to selling the plane which just became less fun and more of a chore. It even wasn’t good for travel since the added drive meant we were often going out of the way to use the plane rather than drive. At this time, the airport near our vacation home is getting pressure to close as well. You know, if I wanted all my neighbors to hate me, I would have taken up shooting or raising chickens or something. This country has gone fudnutz.

@speedomars 7 ай бұрын

True you need to fly, but even in Florida, if the aircraft is INSIDE A HANGAR, then the elements are less likely to affect the engine. Cold regions are actually more destructive due to hoses, wiring, tires, softer items freezing and thawing and wearing without noticing how badly. Corrosion affects the propeller, cylinder fins, areas around fuel tanks or bladders, piano-type control hinges, and the battery box the most. Insurance is a crises in aviation, and airfield require it, so man;y are flying without it and getting kicked off airfields. The other costs to consider are hangar or tie-downs, cleaning products, ANNUALS, and losing a component, like a panel that is VERY costly to upgrade or replace. Also, it is possible to get bad fuel once in a while and that can really be expensive.

@dmitryshkut3216 Ай бұрын

"I try to fly at least every 2 weeks" - how many have you done in the last, say, 6 months? I.e. not including trainings (like IFR).

@mhilderbrand7693 7 ай бұрын

Here in Ocala, hangar rent is around $390/month. Can’t imagine $500 plus! I can’t justify owning my Zenith Cruzer, money wise, I just love having my own plane, and love working on it as well!

@FloridaFlying 7 ай бұрын

I grew up and learned to fly in Ocala! Actually my father has a hangar there and yeah, the cost per month is so much better. What you say is true, I cannot find a real way to justify the cost other than I absolutely love working on my plane and just spending time with it. Buy a plane if you love aviation

@ladyhawk7408 Ай бұрын

There are some people who can swing it for cheaper( videos out there claiming ownership of less than owning a car). the reality is this is not a poormans hobby. Most 172 owners I know are spending 10-15k on the low side. but the average right now is 20k+ a year if you do any appreciable amount of flying. Last year my Baron 55 cost almost 150k to maintain and fly(averages around 40k but both engines needed an overhaul )My husband and I do well financially but that bill almost caused my eyes to water.

@1dullgeek 7 ай бұрын

This was great. And matches my experience having owned two certified airplanes. The only thing I would add to this is that my intention was to put my airplane in a hangar. But finding one was very very difficult. I've been on several waiting lists for 3 years and I have no idea when I'm going to get to the top. I'm very interested in building an experimental airplane, and the repairman certificate that would come along with it. But I can't really do that until I know I have a hangar to put it.

@FloridaFlying 7 ай бұрын

This is also true. I was on the waiting list for about 6 months for a hangar. Before then I was at another airport about 45 minutes away in a very large community hangar stuffed to the brim. I recently put myself on a waiting list for the county owned hangars which are about 200-250$ less per month than what I pay now. Tenants for the privately owned hangars (by a major FBO company) are furious at the cost, and every year they raise the rent. The county owned hangars have a waiting list of about 50 people and it’s come to a halt the past few months

@i.r.wayright1457 7 ай бұрын

The first thing you should ask yourself is how many hours a year do you intend to fly it. I worked 42 years as an A&P/I.A. Some of my customers only flew 15 hours and most less than 50. If that is you, get into a flying club or just rent. When you divide your annual cost total by the hours flown, you will soon discover it could be grounds for a divorce (from the plane, if not your wife too.)

@kennethtaylor9609 6 ай бұрын

If you are financing an aircraft, the lender will most likely require that it is insured. Insurance is really not an option.

@seanys 7 ай бұрын

I think I’ll stick to simming. I already feel enough of that pressure to ride my motorbike.

@steve2736 7 ай бұрын

Good video however you may want to include several other considerations. Such as factoring in projected depreciation, annual state personal property taxes, annual conditions etc. Also if you purchased an experimental aircraft which you did not build yourself, you will not be eligible for a Repairman certificate under 65.104. I don’t believe that just anyone can go wrenching on your aircraft. Am I correct?

@FloridaFlying 7 ай бұрын

The repairman certificate is only important for the condition inspections. You can work on your experimental airplane, however when it comes time to do the condition inspection you need an A&P to do it. Since my plane is an experimental light sport, I was able to take a course to get my repairman cert, even though I did not build the plane

@timking2822 7 ай бұрын

You're right.

@johnelliott4521 7 ай бұрын

Fuel costs are otrageous hanger costs nuts. Sold the plane and quit. I used to budget $80 an hour anthing not spent o. Fuel went into an account for annuals. Nothing like a big repair lisy

@pachabeche 7 ай бұрын

Love your vids!

@FloridaFlying 7 ай бұрын

Love you!

@wds6900 7 ай бұрын

The only difference between men & boys are the price of their toys. (and ongoing costs)

@Hacksaw2055 7 ай бұрын

What is the name of your insurance company….?

@yellowboeing6030 7 ай бұрын

As a wise man once told me: If it flies, floats or fcks it cheaper to rent.

@mathieusan 7 ай бұрын

Wait, it's expensive? I never would have thought..

@steveh3550 7 ай бұрын

It is all well and good to think you'll save $$$ to forgo insurance on a plane you purchase. However, many airports, including mine, will not allow one to base their plane there without insurance which include the airport or, in my case, the airport owner, which is the county, to be named as also insured. One cannot do this without...and insurance policy. I only know of one airport locally which does not require this.

@FloridaFlying 7 ай бұрын

This is true and I should have mentioned it. For the aircraft that are tough to insure, do you think there is a policy that only covers the airplane on the ground? I think hangars may accept that

@steveh3550 7 ай бұрын

@@FloridaFlying I can only speak to my airport, where I've been flying since 1979. The "also insured" thing I mentioned is for liability to cover the airport, so far anyway. So, is it possible that one could get ground-op coverage liability only. However, one would have to do some research and speak with their airport authority. Yes, that would be a minimally-priced policy I would think. Our airport requirements continue to evolve: 20 years ago, we only had to have the insurance if we rented a hangar, not for tie downs. Then, they added the hangars to that requirement.

@steveh3550 7 ай бұрын

I meant to write, they added the tie downs. Also, don't know how they'd feel about ground-only...what if a plane crashed on takeoff or landing? I really don't know....

@DanFrederiksen 7 ай бұрын

Hangar is probably very good although 500$ is pretty obviously robbery unless it's very premium land in a city. The hangar looks like it can take a much larger plane but smaller might not be available. In the tragic state of GA, light sport/experimental definitely seems to be the way to go. Literally 5x cheaper to fly than an old cessna 172. And you can look for a few quality guys to split ownership with so costs are almost negligible. From thinking I had to come up with at least 150k to get into flying I was suddenly a co owner of an LSA for 8k$ with hangar and insurance and everything. It's also a great way to step up what you can afford although unfortunately my owner group wasn't willing to change out our slow elvis looking Evektor. If we are thinking crazy thoughts, say an Eclipse 500 twin jet with 6 owners, that could be less than 250k. People pay way more for a WW2 bonanza. And the hangar is the same. 11meter wingspan. Do you bring the kickscooter in the plane? :) you can probably get small ones that can fit in it.

@leefarquharson7804 7 ай бұрын

Thanks for sharing

@BobbyPilot 7 ай бұрын

Tiny comment regarding maintenance for experimental. If you do not have a repairman cert for that experimental aircraft, you still have to have an A&P. You can probably negotiate with an A&P to do a lot of work on your own under their supervision or inspection afterward but its probably not completely correct to say that you have a choice to do the work yourself.

@FloridaFlying 7 ай бұрын

I believe the A&P is required only for the condition inspection of the experimental airplane if you do not have a repairman cert. Essentially anyone can work on it, but when the condition inspection comes it has to be signed by an A&P. Luckily I did get my repairman cert for my plane, so all good there

@keithsremaniak2378 7 ай бұрын

U bought this RV12. How did u get the repairman cert ??

@BobbyPilot 7 ай бұрын

It's an lsa

@FloridaFlying 7 ай бұрын

Look up rainbow aviation LSRM-I. Experimental light sport owners can take a course to get their repairman cert on their ELSA, even if they did not build it

@keithsremaniak2378 7 ай бұрын

@@FloridaFlying ah yes. U are correct. I have RV7A. Was thinking EAB.

@SR22T_Pilot 7 ай бұрын

Accidentally found this channel. Seem funny that my tail number is N2222S

@FloridaFlying 7 ай бұрын

Haha! That’s great. I personally would have chosen a number with less 2s…however it hasn’t been an issue with ATC. Sometimes a tower will say “Quad 2 Victor”. I lovingly refer to it as “Too many 2s Victor”

@SR22T_Pilot 7 ай бұрын

@@FloridaFlying hahaha! My record so far is 6 twos from controller - November 222 22 2S cleared to… I usually call my plane as 22 22S it makes controllers job easier. love my tail number. Distinct and always reason for a good laugh

@GreenBlueWalkthrough 5 ай бұрын

About perfect planes they 100% do exsit by your defnation... You just need to be in the US milltary to fly one... and even then of the hudreds of US milltary aircraft I would say 30% are perfect... How ever unlike cars I don' think chipped paint and bent metal matters for a plane's perfection that just shows it's been used... Like look at any NASA Space shuttle's Orbiter that was used in space and came back dozens of times and cost millions to upkeep... they still have black reetrry scars... So if NASA the 0% risk tollernce org is willing to leave those what not just paint chips and dents?

@mmayes9466 7 ай бұрын

Who is “they?”

@wellington2420 7 ай бұрын

Sorta like owning a horse. The cheapest costs is buying it !!!

@larrysouthern5098 7 ай бұрын

It's like having a baby... whaaaah whaaaaa...ka ching.....

@choppergirl 7 ай бұрын

I own 3 airplanes, it svcks. They take up a lot of space and don't do much of anything. SImulators are more fun and cheaper to fly. You can fly any time risk free and do anything in a simulator. Fly the sim, and actually enjoy flying. Owning and flying an airplane actually svx. It's no fun at all.

@paulwright7239 7 ай бұрын

I've never heard anyone experience both and conclude that simulators are more fun than flying.

@choppergirl 7 ай бұрын

@@paulwright7239 You can push the envelope of aerobatics as far as you can imagine in the sim. As the worlds best aerobatic dance pilot, if I did what I did in a plane it would be as fun as being a marble in a clothes dryer. I'd be throwing up after the first maneuver. Go through some boring straight line flying through some basic turbulence in a private plane and you'll quickly realize, yeah, this pretty much svx! The sim blows actual flying away. Even in an FPV quadcopter where you're not in it. You crash it in the first 5 minutes, your flying is over, it's back home to pull out the credit card and fix it. That ain't fun. The sim, you just flip a switch, you're back in the air. Fly rain or shine, day or night, double click and boom you are in the sky. kzbin.info/www/bejne/aanHlGyEZc1nnq8

@Rich-ey7jv 7 ай бұрын

I've owned 2 planes. Now I just fly Radio Controlled planes. I can buy every RC plane made for less than the one year expense of a hanger.

@choppergirl 7 ай бұрын

@@Rich-ey7jv Shh. I'll tell you a secret. You can buy a flight simulator and fly them all rain or shine, crash all you want, and not spend a dime further. I don't know about you, but when a $500 RC plane craters into the ground, I get very upset and scream out... how is this suppose to be fun??? I just lost 500 bucks and 50 hours of work for what! Nothing.