How Much It Costs To Own An Airplane | My Exact Numbers

Video quality	The size	Download

Information How Much It Costs To Own An Airplane | My Exact Numbers | Mooney M20C

Title	:	How Much It Costs To Own An Airplane \| My Exact Numbers \| Mooney M20C
Lasting	:	9.04
Date of publication	:
Views	:	802 rb

if you had to REPLACE your engine how much would it cost for a brand new one? also is it 4cyl or more?
Comment from : Brocksamson

That’s pretty low usage for owning a plane—-numbers aside, the time spent working on and managing the plane probably equals flight hours-SO YOU’D BETTER LOVE IT
Comment from : Will

THANKS for the valuable information
Comment from : N-Da-Bunka

This guy is the Joe Pera of aviation
Comment from : mem204875604564

Data is incomplete as you do not include reserve for propeller and engine overhaul
Comment from : No Longer Dreaming

Owning a plane is hopeless for the common personbrFord had the right idea, boeing ruined it
Comment from : LitMonika

I was wondering if it would be cheaper to own your own plane to travel instead of flying in a commercial plane I guess not 😔
Comment from : Rupu Barua - The Random

I spend more maintaining my R32 GTR than y'all do for insurance, hangar, and the annual maintenance😓 I should sell it and get a plane
Comment from : JohnnyNismo

Mooney pterodactyl with wood stove engine It is the 2020's people
Comment from : Andre Marais

You didn't factor price of the plane Are you making payments on it? Did you pay it out right - that could put you back $75,000 to $200,000 or more
Comment from : GeoTactics

Just like owning a boat in the Midwest Pay all that money for the boat, a slip, maintenance, gas, insurance and ya get to use it maybe 3 months out of the year haha
Comment from : _Tom_

Is that $9,10200 split in half ($4,55100) or is that the half already meaning the total between the other owner added together is $18,20400 a year?
Comment from : Tom22

Good video,I want to travel around the world in a private air plane, please tell me which is the most safe and economical plane to buy?
Comment from : Benni Thomas

If your mission is primarily VFR no need for the IFR cert Install some updated lighting A safety item
Comment from : ExtremeRecluse

Id guesstimate 23,000$ a year
Comment from : Hadley Scott McIntyre

can you explain a bit more about tach time against the other you mentioned and that you used to figure out your hourly cost at $130?
Comment from : ca1978

Dude you're in Michigan!! Nice man! I'm in Ann Arbor and I'd love to own my private airplane! Thanks for the info brother and I'm definitely subbing
Comment from : UNSTOPPABLE-AR

I think you left a couple things out 1) The loan interest (interest forgone) on the hull value of the airplane 2) Layaway costs on a prop or engine overhaul They will eventually get you, and you can spend $25,000-$45,000 on an engine overhaul, depending on the engine You have to average that out to an hourly cost on the airplane 3) Not all your annuals are going to be $2500 Every once in a while, you get one that's double the cost ADs are plentiful, and they can be expensive to comply with I own 2 - an Amphib 185 and a high-performance aerobatic plane I don't keep track of my expenses I did that once about 12 years ago It just depresses you
Comment from : C K

Highly recommend you get your Instrument Rating or at a minimum do training on flying instrument approaches Your confidence will increase and you'll be a much safer pilot
Comment from : Paul D

Time to update this video
Comment from : J

Are you still based out of Sparta? I have a 150 there
Comment from : Matt Olmstead

Until it hard brakes Lol
Comment from : Dalvy Negron

Whoah! It's from b1963!!/b 😲
Comment from : Tzeffs Main Channel

Cost of plane would have been cool too lol
Comment from : Mclovin7

Best way to minimise cost is to buy a model suitable for training That way you can lease it to a flying school while you are at the office Most pilots fly less than 50 hours per year, about 1 hour per week so avoiding conflict with other students flying your aircraft is not a problem
Comment from : Ian McGarrigle

I’m looking for your talk about the tripacer
Comment from : Chris Gosling

What about landing fees?
Comment from : Alon Shalit

I didn’t have a chance to read all of the comments, so I apologize if this is repeating br1 I really think you need to include the estimated cost of overhaul per hour, because that is essentially deferred maintenance brbr2 I’m sure others had mentioned but a big advantage to owning plane is that you can take it on trips and not be paying anything except for tiedown fees while it is parked at the other location This is the whole reason why I am interested in owning a plane: to go places brbrOn top of that, you could deduct whatever you would have paid to get to the same place by commercial airline or by car from the expenses of owning the plane I’m not saying that you should have done any of that in this video I’m just saying that it’s something that could possibly justify ownership
Comment from : mattspokane

Microsoft Flight Simulator cost me $5999 with no chance of dying (Just kidding, I'm jealous)
Comment from : Will V

Thanks very interesting information
Comment from : Ben-Holl Media

1) Insurance- $2,074/yrbr2) Hanger - $1953/yrbr3) Maintenance- $2570/yrbr4) Variables (Oils, nav lights) $3,000/yrbr5) Fuel $2,025
Comment from : Cuban Surfer

1 kidny a month (not including fuel) It's highly recommended that you start some kind of trafficking ring to harvest enough orgens to pay for an airplanes costs because trust me you're going to run out pretty quickly of your own
Comment from : Science pod

Super informative for those of us aspiring! Thank you!
Comment from : Take It Easy ASMR

Music is so annoying and distracting, I could not complete looking at it So unnecessary
Comment from : Charles R

while you can rent and save money you won’t be able to rent whenever you want or go to major airshows like osh
Comment from : savethedeveloper

What a great video! Thank you for making it 😊
Comment from : Loren Hickok

Sparta is my base airport, too! I'm a Student Pilot there Hopefully I'll see you around
Comment from : Alexander McDiarmid

How much was the plane?
Comment from : Cindy

With you having your PPL do you ever fly to Europe
Comment from : Quin Jackson

can you do any maintenance yourself, or do you have to have a certification?
Comment from : ModMyLife

💪
Comment from : Podróże

My dad had a Mooney M20C He sold it to get a twin, and the new owner wrecked it a few months later The pilot and two passengers all walked away with bruises and cuts, but the plane was a total loss
Comment from : Joel Crane

Looks like a real cum cruiser! Thanks for sharing the details
Comment from : Tim Johnson, PhD

So basically - it's an old piece of shit plane and you're really smart about owning it Good stuff
Comment from : Blaž Bohinc

I'm impress to see than even after decade of aviation, a plane is still a hole to dump money in it
Comment from : Sombre

You can always resale and recoup some bread back
Comment from : Piper042

I live in Michigan on the east coast How were you able to find a partner in owning a plane?
Comment from : Dushawn Brandy

Hello from Holland Mi
Comment from : Music Musings

I live in Byron Center Can we hang out?
Comment from : Brandon Deemter

great video, great tunes! who dat?!
Comment from : Graham Kutner-Simon

To much I can tell you that it ain't worth it
Comment from : Charles Gray

Insurance and maintenance are cheaper that a semitruck
Comment from : Darwin V

Hey I live in Grand Rapids Do you offer flights to Chicago? Would love to take my girlfriend on a plane
Comment from : Storm Saylor

so about 6k a year
Comment from : Idek -

I was an aircraft mechanic for a really long time The high maintenance costs are usually due to ridiculous parts prices and a lot of man hours required by the faa for things like annuals and ad research
Comment from : Cameron H

great video !!!
Comment from : Nick

Isn’t it a Litte unfair to not amortize the plane cost and major future repairs? That seems like it would make renting significantly cheaper than owning You make it sound like a wash
Comment from : Cameron Poole

i think the key here to seperate ownership from renting is 2 things one you can fly it somewhere and stay a few days and come back, not possible with renting, and two the more hours you fly it the more the fixed cost will be divided out so fuel cost will go up but instead of maintenance and hanger costs being divided into 50 hours it could be 200
Comment from : SnazzPatrol

One of the biggest drawbacks of renting is the minimal hours/day to rent plane if you keep it for an entire day This makes it terrible cost prohibitive to travel in a rental if, at your destination, the plane sits unflown at all
Comment from : Mark Gutekunst, DC

What was the initial purchase price of the plane?
Comment from : Sassy Silver

You live super close to me thats awesome
Comment from : Vivian Music

Why did it cost you $2000 on fuel ? Thought these were AIr engines? Aka no fuel required ? Hence no massive fuel tanks in the wings?
Comment from : JoneS SenoJ

Holy crap I was just looking at Sparta's private plane license classes
Comment from : Riley Hess

Guys, He paid $32,500/- to purchase the Airplane with some luck and good deals! He talks about it in the linked video
Comment from : Narendra M

I have a M20C I've tried many times to mount cameras on the plane, as you did, but my shots are always super shaky! What's the secret to smooth shots??? :-)
Comment from : mackenziekid

Forget it, get another hobby
Comment from : carol tenge

It's funny because i actually live just down the road a bit from that airport
Comment from : Jon Westover

Funny that I came across this, I am from Grand Rapids, MI
Comment from : JTB

You are 19 times more likely to die in a private small plane than a car It's a flying coffin LOL
Comment from : King Trawal

Great vid I am thinking about buying but still undecided
Comment from : An American Entrepreneur

and no mention of how much you paid to BUY the plane cant believe the crap channels get away with
Comment from : Badass Videos

I can’t even afford a happy meal… yet I’m here looking into buying a plane lol
Comment from : MrWiiick

Thank you
Comment from : C Q

Good job but here is the but? Try a home built
Comment from : Glen Williams

TOO MUCH
Comment from : Norman Hudecz

was this the total cost or the cost for your half of it?
Comment from : KuKajin

I'd love to fly plains but thay seem to be money pits that is why I fly rc plains
Comment from : john Kosheluk

Its flat and non rotating
Comment from : Tony Diesel

Wonder how those costs would translate to in Europe 🙄
Comment from : FedericoS

Mine only cost 100 bucks including fuelDON'T EVER fly with me
Comment from : Harvey Buckle

Why would anyone want too? Haven't you seen LaBamba or The Buddy Holly Story?
Comment from : The Fearless One

If you have to ask how much ownership costs, forget it- you can't afford itRemember-it costs even more in population centers Also, the newer the plane, the more it costs
Comment from : Bruce Lee

At the end looks so fun to fly
Comment from : John Hershey

The M20C is one of the Mooney I am looking at, the 180hp Lycoming is more reliable than the 200hp version and definitely cheaper to overhaul aside from being more reliable than the 6 cylinder ContinentalbrLooking at the figures on how many Mooney landed gear up, the Johnson bar ones may be more reliable but I don't know how easy it is to use the mechanism in person or you need much force to pull up the thingbrThat said, I've done a calculation that it is worthwhile to own a fixed gear if you fly more than 80-100 hours a year, probably 120-150 hours for a higher powered retractable one, an LSA though would worth to own if you fly more than 50 hours per yearbrYou have a good deal though having a co-ownership but I couldn't find a co-owner in my region
Comment from : wckoek

Did you know that at any given moment, there are more airplanes in the sea than there are submarines in the sky?
Comment from : Collis Williams

I’d want an airplane that could carry my car inside Not super big But big enough to have my car in it
Comment from : MultiCreativeArtist

It’s my understanding that when it comes to retractable-gear aircraft, Mooneys are supposed to be among the least expensive (if not THE least expensive) to maintain, due to its simplicity
Comment from : PidgeyPotion