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How much does it REALLY cost to own a plane? | My Cheap Plane’s Annual Inspection
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- Опубліковано 22 січ 2022
- Go subscribe to my new Aviation Channel! / @flightforward5758
The comments of my top video “My Cheap $35,000 Airplane” are flooded with people asking “But how much does it ACTUALLY cost to own a plane?” so, in today’s video I decided to share with you some of the costs associated with ownership.
I’ll be doing my plane’s annual inspection which tends to be one of the heavier costs you can expect as an airplane owner, and it’s especially crucial for owners of old planes like my $35,000 Piper Cherokee.
If you’re interested in getting to know more about what it takes to maintain a plane, this is the video for you.
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Step 1 Buy the aircraft, but choose a model suitable for training. Piper PA38, Cessna 152 or similar.
Step 2 Lease the aircraft to a local flying school so it's earning for you while you are at the office.
Step 3. Ensure your flying lessons don't clash with another student.
Step 4. if you get steps 1,2 and 3 right you get your licence for free and you still own a valuable asset.
Step 5, Optional, I sold my aircraft to the flying school and used the cash to buy a 4 seater to better suit my family needs.
You can do similar.
Do you want to come on the channel to talk about it?
@@Karl__Pierre Happy to tell my personal experience, What do you want to know ?
@@MENSA.lady2 I mean in video format on a live or something like that to explain to the public the particulars?
@@Karl__Pierre Sadly I don't have the means but happy to co-operate if you can put something together,
@Ian McGarrigle where are you bases?
Karl. Luv your channel. You can really keep the costs down. Getting annual for 300-600 with nothing major if you owner assist. This was for a Grumman cheetah. I’m happy to do the grunt work like open access panels removing wheel pants. If a person has any mechanical aptitude it is a great way to build confidence in your aircraft as well as better understand the systems. Shopping for the “right” person is essential.Prices vary a lot with mechanics. I’ve had great experiences.
I have not. Totally a pain and bummed out that I now need a major overhaul
That was a great interview if I was a pilot and I had a plane just based on his the way he spoke and talked about the aircrafts I would definitely take him for an annual or anything else that came up with my airplane. I think you got a winner there.
Wow $7.61/gallon . Naples has it at $4.18 and even HWO at $4.98. I heard FXE was high and even the tie downs cost is high. A cover helps water intrusion and at least interior. Mine sits outside as well but covered. Some water still comes in despite windows sealed and replaced, door seal replaced.
That’s crazy high
Annuals will be very affordable if you can do most of the work yourself with the help of an A&P present. Then get an A&P to verify and check your work. A&P can sign a 100 hour inspection only but you need and IA to sign your annual.
Glad I came across your channel. I love aviation and one of my dreams were to fly my very own airplane. Sometimes I get turned off by some of the crashes but I still want to fly. I had a friend that was a pilot die in a crash back in 2016 or 2017 in a fiery crash in Fort Lauderdale so that kinda turned me off a bit but I have a reawakened passion for flying again now that I see how affordable it can be. Thanks. Look forward to seeing your new channel
As am i
Just took out the Piper 28-151… I love it. Definitely going to buy one.
AD = Airworthiness Directive
If I understand correctly, the FAA requires those things be fixed to be safe to fly.
Yes correct
Thanks for the video! This is helpful for people like me who are struggling with renting, but are scared with the commitment of owning. Fly well brother!
Stay tuned.
Would love to see the aircraft get new interior, paint and some refurbishment before you move on to a new aircraft. These would make great videos as well, hoping you can get some add revenue to supplement a project like that. Keep up putting out great informative content!
Thanks! I'll cover anything like that but I'm actually going to sell this and document the process on my other channel make sure you subscribe to that it's 100% aviation just started it. Flight Forward
0:08 That video and the “whiskey comment” got my subscription 😂😂😂
Haha
thanks for this video!!! very helpful questions that all of us folks who want to buy a plane want to know
Glad you enjoyed it!
AD=airworthiness directive?
Thanks! At the time only thing on my mind was Advance directives which is Healthcare talk for pull the plug if I'm brain dead.
@@Karl__Pierre oh my goodness. At 30 thousand feet healthcare jargon is the last thing you need. Hopefully Okay Google or Hey Siri respond quickly to get you the information you need without saying,” this is what I found on web, do want to hear more?”
Exciting news about Flight Forward! That’s the show!!
Could be one variation. Actually heading to Brazil in 3 hours to film episode 2
Airworthiness directives!
Yup thanks
Great general discussion!
Thanks
If you're ever in the Pensacola area and want some company, I'd love to go fly with you! I'll cover gas and we can talk real estate and aviation :D
Appreciated this. Thanks for sharing.
Thanks for watching make sure you Subscribe to Flight Forward my new aviation channel!
Love the video. Just starting Cross Country and looking to buy after checkride.
Nice!!! What are you eyeing?
@@Karl__Pierre As a time builder Ercoupe 415C or D, C-172. I’m budgeting myself 35K with 5k for the first annual
curious why you fill it up to fly 15 miles more weight uses more fuel to take off and fly
To know that my tanks are full
Great interview, good information. Thank you.
Our pleasure!
Look there are a lot of poor whites that would love to fly also. I look at you as a professional for what you fly, you have to have abilities you have it. Encouraging people who have a desire to fly and can be mentored in ways to achieve that is great. If I see a black a Latino and Asian with a captain's hat and bars in the cockpit that man's qualified I don't give a damn what color he is he's qualified that's how I look at it.
Good luck with the new channel
alll flavors love to fly.
I am not sure if you missed that but I did state economically disadvantaged which includes all the poor whites in America. There are in the same boat where they take themselves out of being pilots due to the cost and association that aviation is too expensive for them. Rewatch what I said.
Did you add some other cost into the fuel? $8 x 30 gallons is $240 was there another 60 expense?
Haha yes I know. I was thinking 40 gallons even though I said thirty since each inboard holds 24 gallons. Brain fart and the result of filming and not reading a teleprompter
AD = Airworthiness Directive
Nice video!!
Yup thanks
Curious how much to store your plane, or to tour around USA. Do you pay for landing and takeoff? Can you sleep in your plane at air strips? Are private air strips open to use?
Storage is $200/month, landing fees are super low to free at most airports. Low is Lome $2-6 bucks! You could sleep in the plane but no temp control so gotta be careful. Usually the private strips you could contact and Usually its ok but there are soooooo many GA airports the private ones and few and far in between.
Also, AD's stand for Airworthiness Directives
Yes thank you for that. I work in healthcare and it also stands for Advanced Directives so scrambled the thoughts. This is why I now use a teleprompter haha
@Karl__Pierre haha I understand. I work at a law firm, our specialty is Estate Planning. We make Advanced Healthcare Directives to work in coordination with Powers of Attorney and Living Wills!
Didn't you have a channel that talked about airbnb in medellin colombia?
Yes this is the same channel. I talk about global living and ways to.afford sharing different aspects of my life.
@Karl__Pierre awesome man. I remember started watching could years ago and a couple others from that area that eventually lead to me going to medellin and several other cities and towns in colombia with the woman I married in colombia
Great informational vid
Thank you
MudDauber wasps can be the kiss of death in a pitot tube. The charter DC-3 that crashed on approach to West End years ago had to return to the Palm Beach International ramp before taking off to remove one that apparently was just pushed further in instead. of being removed. Jack and Annie Levinson of WPB had chartered the junket as a graduation present for their high school sons and their classmates. All perished about 3 miles from the island. Serious business.
Yup now have a tube cover!
Are there FULL aircraft covers from prop to tail, so the investment don't just sit there taking a beating from the weather & sun?
Yes of course but super annoying to do.
Thank you for those great info. Please do work us with the insurance best one ?
I'm not sure what your asking for insurance? Can you please clarify?
Great video!
Glad you enjoyed it
Really liked how he says ‘costs’ - is that a Boston accent?
Lawng island
Did I hear correct - 30 gallons x 8 = $320????
Miss spoke, when recording real time it happens you're thinking 40 say 30 and so on
Hey what’s going on Karl, I’m a 25 year old entrepreneur who has sooooo many questions to ask you about aviation like school cost, the time it takes for schooling and about commercial licenses as well
Hop on a live and follow me on my other channel.
Well, it could cost upwards of $10k just to get your license... So yeah- flying is cost prohibitive from the jump.
Ok well if that's how you see it. If money is an issue the goal should be make more money. That's something you can do as long as you have an avergae IQ.
Karl just make a video saying it’s super cheap so I can send it to my wife
Lolololol
Are there any decent aviation side hustles to offset fuel and maintenance?
Perhaps doing sunset flights if you have your commercial license
gender reveals lol
Bro at the first hangar, back guy was tripping hard, i dont want that guy to maintain my airplane
That's your choice as an owner
Two things get a pitot cover. Have someone show you a tiedown knot. That way you can release the ropes with a single tug. You'll thank me later.
Thanks
How dangerous is it? I’m interested
Not that dangerous. Just have to stay ahead of your airplane and keep flying.
I have been looking into it? What’s the safest plane to get started with?
umm, 30x7 is only 210 so why did you pay 320 for 30g of fuel?
Bad math
Will you ever fly your plane to Colombia?
Yes but need a to be if equipped.
get a cessna 310 next
Next is a Malibu or a da20
Airworthiness Directive?
Yes thank you brain fart while filming
AD = Airworthiness Directives
Correct
why not up keep the plane
Look to my shorts to see what I did.
Airworthiness Directives
Yes of course
Just impromptu brain fart
I have researched alot .. and it is not cheap to own....for new pilots !!! sure it's exciting to get your license where to go you go from there ... but even renting vs owning is very expensive. this is why youtubers dont really give a clear distinction of just how much it cost.. let alone the engine overhaul ranging from 15k- 20k A cheap airplane to own yea....but to keep...?? you you have to have a good bank roll plus incoming income to sustain it noticed he didnt talk about the overhaul just the annual 3-5k wowow...I have looked at every angle to see how I could.... Talk about the Overhaul how it cost most steer away from this ....
Overhaul was 40k this is a 6 cylinder. Aviation gets expensive as you are saying the only option is to make more money to afford it or rent periodically
Basically like recalls on cars
ADs....sort of but at the expense of the pilot
@@Karl__Pierre True
and mandatory
30 x 8 =320????
Haha yes I was thinking 40 gallons but said 30.
Whatever!
Great video! I'm looking to obtain my pilot license but I'm thinking I should purchase a plane first. Currently doing ground school myself via mobile apps. Is it a good idea to get an A&P to check out a prospective plane with me before purchasing it?
I’d go up and fly a little bit and make sure it’s something you want to do. Insurance for a student pilot is expensive. Check with insurance company’s first before you pick out your plane. Unless money isn’t any issue.
@@pettsnjam Thank you for the good suggestions!!
Absolutely
but... how much does it Quwast?
Quwast is the Long Island NY pronunciation of Cost and can also be spelled Kuwaost
@@Karl__Pierre ROFL, I didn't expect you to reply lol. I was just making myself laugh. Love your vids.
@@skydriver5709 I reply to 100% of comments
@@Karl__Pierre That's very respectable, because most content creators just upload and barely connect with viewers. I hit 40 and I've spent 2 decades flying simulators and RC planes. Never thought an actual pilot's certificate was feasible for me so I just had fun with those things, but recently an old high school friend of mine reached out, and he works on Embraer jets for a living, has a lot of connections and talked me into starting flight school to get my certificate, and possibly go into commercial from there, and work with him. So I've rekindled my interest in flying real planes and have been watching your videos for a few months.
👍🏿
thanks
One thing you have failed to cover is TBO on these engines and what it costs when that overhaul is required. You seem offended that you’re being called out for not covering additional costs. It’s irresponsible to not disclose these potential costs and the implication it has on selling the aircraft before you do one. Encouraging more people to fly is also irresponsible given that aviation has near uncontrolled emissions regardless if G100UL has an STC now.
I'm not offended it's just annoying when someone comes along and says why didn't you do x or what about y. Particularly on aviation videos the audience is a bunch of one uppers, it's a really annoying group. I'm actually in the process of revamping the plane. Paint, interior, overhaul. Now that I've been through it I can accurately report. 90% of people will find value and the 10% of know it alls will fill the gaps in the comment section.
@@Karl__Pierre i get it and i really do know how you feel, i have a video that gets shit from people as well and its many years old now. I can certainly appreciate how excited you are and rightfully so. Im an A&P mechanic in training with aviation experience and military electronics training, to give you some context. Highlighting every aspect during your ownership journey will garner more respect from the community and give less for the trolls to comment on. Ill be watching your journey as I continue on mine.
Have you played Microsoft Flight Simulator? You are a cool brother.
Yes I have but not seriously
240 not 320 lol
Doing math and recording unscripted yields these results
So $8 x 30 gallons = $240. Still a lot but not $320 😂
Was thinking 40 gallons but speaking on 30
@@Karl__Pierre I was just having some fun with you Karl - I have no doubt that you can multiply correctly :-)
Also, you probably looked it up already, but if not, an AD stands for Airworthiness Directive. For example, Piper has a serious one out now for a wing spar inspection for the Warrior. And the mechanic that you interviewed said that you would need 100 hour inspections; not true unless you are flying for hire. Otherwise you can fly as many hours as you like between annuals.
@@kennymcwilliams8972 I would think he'd be saying that as a safety issue because a lot of airplanes have some maintenance due at 50-100 hours of flying but you're right, only for hire
Dude, please paint your aircraft
You'll see