How much MONEY did my AIRPLANE cost??

So, any guess on how much money my airplane cost? I added up all the receipts I have for the Blue Angels Cruzer and came up with a total cost of the airplane. Keep in mind-I point out in the video that I don't have ALL of the receipts. But I think I still listed the total within a $1,000 of the real total cost.
I wanted to make this video to give the potential builder a realistic number he or she might consider if planning a to build an airplane kit. Besides the kit, engine, and avionics, there's a lot of items that are needed that you may not have thought about!
#kitplanecost #aircraft #airplane #aviation #flying #money

[@n206ja]

I followed the "amnesia" method for cost-accounting my STOL 750. Every time I bought an expensive part for my plane (and they're ALL expensive! Ha!) I would try to forget what I spent as quickly as possible! LOL! As others have pointed out, about 3 times the cost of the kit is a pretty realistic estimate for total completion costs. Thanks for the detailed accounting of your costs - it'll help potential builders have a realistic estimate of building an experimental aircraft.

[@AnonyMous-jf4lc]

You pretty much followed the 1/3 rule as most people say. 1/3 kit 1/3 power 1/3 avionics/misc. Nice to see it broken down on such a fine example, too.

[@generalcanby5847]

Appreciate your candor and full disclosure Mark.

[@1225drob]

Thanks for this video! I love the transition from just building videos, to flying videos, now just additional information videos. Again,, thx!

[@duanestace6303]

Nice one Mark. Thank you for doing this video, very informative!

[@jamesboudreau4430]

Another good video! I’m building a Cruzer now and my planning brought me to a figure around $70,000 so nice to see that I’m probably not to far off.👍🏻

[@JEMPL27]

Man, you are so humble! Thanks for sharing!!! Super cool!!!😎

[@scsirob]

My rule of thumb is 1/3rd for the kit, 1/3rd for the engine, and 1/3rd for the rest. Usually close enough to be realistic

[@autolabpro3186]

Thank you!🏁🏁🏁🏁This is a great video... covers all the points for a new build🏁🏁🏁🏁!

[@spyrosg3172]

Nicely explained. It puts to perspective some people's claims that they're building an RV-7 for $75,000...

[@randysullivan1604]

Thanks for all of the information!!

[@MrAvallier]

Great video keep them coming. I’m building a 701 and will share some videos in the future.

[@theresacaron4238]

Great video on the costs associated with the Cruiser, very informative. Now how about an update on the 750 paint and firewall to get it ready for your landing gear? Can't wait to see your project grow legs and rubber. Back to work!

[@timrobinson6404]

Thank You for sharing.

[@davidrobins4025]

Really nice to know the costs involved in building your kit plane. Thank you.

[@flyod26]

Thanks for the info!

[@denverdietrich5278]

Awesome video!

[@lpainter100]

Good stuff. Real world costs not counting your time. The experience = priceless.

[@whathasxgottodowithit3919.]

You have your own very nice unique Aircraft and that is priceless. :-)

[@STOLPILOT]

Thanks for sharing your cost breakdown! I'm just finishing up my comparably equipped 750 STOL and coming in at just over $71k. Will add a couple of AP servos, paint and vinyl and expect to hit close to $75k as well. Doing it again (which I just might), I would seriously consider a Viking or Apex engine (rather than the 912iS) but those weren't available when I started my project. Thinking about it sometimes gives me a big lump in my throat but I have friends who have spent far more on trucks, RV's, jetboats, 4-wheelers, snowmobiles and other toys so pick your poison I guess...