You don't REALLY want to fly because if you want something in life then take it or make it. If it doesnt work thats only because its not a priorty in life for you right now belive me. Im not a hater im only telling you a fact. Sorry for my poor english writing I hope there's not also grammar nazis reading this. Peace stay positive boys and fly safe.
Almost 10 years ago I almost got my PPL, so close. A few months ago I was unexpectedly spending a few days in hospital, watching life pass me by and Stefan you reignited the dream. I’m finishing it! See you at YMMB one day. Thanks :)
As someone who has recently gone through it and knows: does flight time ever expire when going for a PPL (I'm in the US, if that matters)? Given the cost and the reality that I don't see myself flying more than a few times a year even when I do get my license (life being busy, other interests, etc) my current plan is to just fly a few hours a year and in 5-10 years accumulate enough to have a license, but I want to make sure I won't have expiring hours or something.
"there's nothing like getting into the airplane and your headset is already plugged in" That is probably one of the main reasons I went with sole ownership of an SR22. Great video, great questions. I too went through my first purchase last year. It was enlightening, frightening, frustrating, enraging (met one sleaze bag I'm glad I didn't buy from), educational and in the end extremely rewarding.
When I was young my 'requirements list' for my bird was blue eyes, blonde, svelte and fun, now I am older and my 'requirements list' for my new bird is airspeed, range and glide slope ratio....
I rented for a long time but got frustrated at not being able to do long trips. The only rental options were flight schools where students have to come first. Then there were the strict rental policies: a written exam to blow your nose, and a check ride to sneeze... I set a budget that included most of the usual GA suspects: Cherokee, 172, AA5, Sundowner, etc. Something like an Arrow or a Cardinal wasn't out of the question. A share in an Arrow or a Cardinal would have me reaching for my checkbook. I ended up with a charming old Beech 23 Musketeer, bought from some nice local fellows who weren't flying it enough. Look over the plane and documents, test flight, research issues and ADs, pre-purchase inspection, deal! Along the way I flew a Citabria to get a taste of what taildraggers were like. A 152 would suit me fine except I'm a very tight fit and was concerned about getting out quickly in an emergency. The Tomahawk was interesting but there aren't many around. Financially, it's utter nonsense. None of which matters when I line up on the runway. :-)
I'm watching this at 2am thinking "oh this is useful"... when I can't even afford a plane ticket at the moment with my business collapsing due to the pandemic... *sigh*
Great video and advice! I have owned an airplane where it was located at an airport nearby and I now own an airplane and I live on an airpark. I cannot tell you how incredible it is to just pull your plane out, take off and go where you need to go. It is pure freedom. And the ability to just step into the hangar at any time to tinker with the plane, polish it, work with the avionics, etc is completely next level in the aviation game. Good luck with the SR22. Gorgeous plane!
When I finished my PPL I was lucky enough to buy a piper Tomahawk for my hour building. Then sell it 25 hours later for my dream airplane, a comanche. I will never go back to renting. The rewardingness and the freedom of flying my own plane far outweighs the cost benefit of renting.
Great video Stefan I reckon Step 1 - how much can I afford Step 2 - how much do I actually want to spend! Step 3 - Do I want to sink capital and have fixed costs? Also, can I afford to pay for an unexpected BIG cost - these can be very big! The mission and list of must / should haves are really good tips but be honest with yourself. A good first question is - am I going to use this as a means of transport or just for the fun / challenge of flying. I got my PPL after retiring early and was sure that I wanted to buy a plane for the freedom that would give me. Luckily I bumped into someone who was a part owner in a group of 5 that had a share for sale. I liked that they checked ME out as much as I checked the plane. I did the deal and have not regretted it for a single moment as availability is excellent and I only pay 1/5th of the fixed costs. The plane is a really nice Archer that has been well maintained and has IFR avionics. For a group I think the number 1 aim is to have like minded people. No good having one person who wants to spend as little as possible when the others want to have everything that needs doing, done asap. I really enjoy interacting with my co-owners and fly with one of them all the time. If you are looking to buy a share, try to find a plane that has had some money spent on it as the cost is never reflected fully in the value. Plus you should be able to buy a say 20% share for less than 20% of the sale value of the plane - not sure why that is but it seems to be the case. If you are not sure of your mission then I think a non-equity group is a good place to go as you fly the same plane every time, it is likely to be much nicer than a typical rental and you can walk away if the plane ends up not meeting your mission or you just fancy something different
Great information. - renting - shared ownership * - non-equity group * - outright ownership - part-owner * I like the shared and group with options to fly specifically for various activities.
Great video. Another factor against renting is that it’s hard to find most planes available for rent. Sure you can find a Cherokee, a 172 or an SR20-SR22T even, but I haven’t seen anything beyond that typically for rent. So if you need a different plane, renting is not an option.
Biggin Hill is a fantastic airshow, I was so disappointed when it ceased happening a while back. Thankfully it was reintroduced fairly recently, one of my favourite memories was seeing The Reds in formation with a Virgin Atlantic 747-400. Miss Demeanour was always a crowd favourite with her colourful livery!
The TBM 940 meets every requirement I could want out of an aircraft. Unfortunately my budget is Cessna 152 money. All I have to do is start my own, lucrative business and become a millionaire.....GOALS
The PA28 Cherokee , I believe is the best practical family aircraft, that has operated over the last 60 years. The PA28 has a great track record for corrosion free, airframe. Shows an honest 100kts indicated. Excellent short field landing aircraft. especially with 3 POW and 10 gallon tanks either side. 600 yard strips fine if you know how to fly the PA28. Excellent spinning aircraft, and very stable in fully developed power on stalls.The 0320 Lycoming's are bullet proof. The maintenance much lower then a C172. retired CPL
Another thought ( because I’ve been here): if you’re buying an older aircraft intending to restore it then it’s far far cheaper to buy someone else’s restoration. You will never get your investment dollars back.
I will definitely be buying an aircraft some day, but my fiance says we need a home first!! Hard to argue with her when she's so supportive of flying though!
This is extremely informative. Thanks for a great video Stef. It hits home for for me because I know, living in the Adirondacks of NY, I know my ultimate goal is a STOL and water capable aircraft so I can find remote beaches relatively near me, so cross country speed is not my concern at all. I need back country performance and fuel efficiency. I have the fortune of being good friends with an A&P mechanic that can help with pre-examining an potential purchase. Still a long way away, but that's the goal. Thanks again for the encouraging content.
Extremely helpful! I’ve been loving your content recently, and found the flight sim week hilarious to watch! Add Utah to your round the world flight, we’ve got some incredible mountain flying over here 🤙🏻
I came across a plane for sale on FB marketplace about 2 years ago. The price was really low, but the plane had good bones and the prior owner was a well respected A&P who’d recently passed away. His widow was selling it. I bought it, put $4k into the first annual and had my first plane. I sold it shortly afterwards, used those funds to buy my second plane. Seriously considering selling it since GA prices are through the roof in the US and seeing if I can get a third, more capable aircraft.
Hi mate. Thanks for this explanation. I would have liked to see some more specifics on financials, but I understand why you wouldn't want to present then :) The metric at the end about flying hours and your point about a flying school /rental place not wanting to rent you an aircraft for 4 hours flight time for 4 or 5 days is a key point. Thanks, great video. Subscribed.
Stef I’ve been listening to the Australian Aviation magazine podcasts and they had a good discussion about private pilots getting out there and still flying. I think you consider it now too.
Stefan - Great insight! Can you also do a video on your experience owning the SR22? What have you liked? What's been a pain with respect to maintenance or financially? That's the bird I would like to own but would like to know your experience. I thought I heard you make a comment that you have a management company that oversees that. Thanks for the great content!
Interesting video with a good input from Philippe. Sound advice but from my experience the permit aircraft i have owned have always appreciated in value over time. True, it might be cheaper to rent in terms of the hours flown but there again I can fly a short distance and spend a day on the ground without having to worry about block times etc. Out of lockdown I can also turn up and fly whenever and wherever I want.
I've owned a plane... For me finding a cert. service rep and I did the annuals with his approval worked for me. Don't let anyone tell you it's cheap, owning is not cheap. It cost an owner $ even if it's just sitting in the hanger on bad weather days. You have time limit maintenance and repairs, period. Things wear and fail and need to be replaced or fixed. Engine overhauls are big money depending on engine. Say a 6 cyc would be around 65k +/-. My point, owning is not cheap and can't be justified. It's money your willing to spend to enjoy flight and never have to worry about all the aircraft's rented and you can't fly. I flew any time I wanted and went to places as long as I wanted. I flew coast to coast and back (usa). I just sold mine after 15 yrs and plan to buy another, faster xcountry bird. To me short flights are boring now did so many. Time to travel longer flights and enjoy more places sooner. PS also keep in mind experimental aircraft's.
Useful video thanks, but for those flying less than 60 hours or so, sharing is a great option. Your headset may not be plugged in and your sunglasses may not be in the pouch, but it’s still way better than renting. Also, being involved in the total care of an aircraft increases the enjoyment of the whole flying experience.
It’s about how many hours you do but most importantly that you need a very bloody good reason to buy ie for an actual purpose ... after owning three aircraft in my 30yrs of flying if you don’t have a reason and I don’t mean “I just want to fly” then it’s not a good decision to buy. There can often be so many surprise expenses that come up at annual inspection time or worse just in general operation that it can really hurt especially if your not well set financially.
Very good , informative , you asked all the right questions , same questions asked when I was pondering that path . Love the channel Stef . Happy flying 😊
For taking trips to vacation even for a long weekend, renting makes zero sense. Flight schools make it clear they don't want you using their plane for that. I might be one of very few but I came out ahead after buying a low hour Mooney M20F from an American Airlines pilot. Ugly paint and interior but it had all the LoPresti speed mods including the cowl, good bones at a great price with low hours on the engine. I spent about 20% updating the plane (new paint, windows, & interior, upgraded autopilot, weather, & navs). Flew it for about 450 hours and got every penny out of it when I sold it. Cruise @ 160 knots on 10 gph! There are deals out there you just need to be diligent.
Woohoo I did my rent v buy spreadsheet last week and got 65hrs as the sweet spot to buy over rent too. I got a 2 part shared ownership model at about 45hrs crossover
Yeah, I'm in a flight club now and somewhere abouts 75 hours plus or minus a year seems to be an average pivot, depending on what you want to buy, fixed costs (hanger, etc.).
Something i have been thinking about for a good few years now as i am not a fan of renting some beaten aircraft from a flight school and having to pay their extorniate annual membership just for the privilege of 2 hours or so a month. Good video Stefan.Hope you good down there.
Mission (type of flying) can also impact solely whether to buy or rent regardless of aircraft. Many FBOs have requirements for long distance. For example, one will not let you take the 2016 172/g over night and more than a few hundred miles unless you hav an IFR rating. Two reasons, first it is in more capable hands from a professional corporate perspective and two, it’s a populär rental. You would have better luck in the old steam gauge 172s but performance is down and they are pretty drab inside. The other place I rented when Ibeas a new pilot, let me take the DA40 overnight but I also had a working relationship with them. Short version, even if you are flying a bit less than the numbers in the video, ownership may be the better option if the majority of your flights are cross country.
I've bought and flown at least 90 planes of myriad types and sizes over my 40 years as a pilot and will continue to buy and fly them. I've also crashed and totaled at least three quarters of them. But I've always walked away unscathed. Oh yeah I only fly r.c. planes...
Nice video! I will get my ppl licence next year and my father wants to buy me a cessna like a 172 or a 150. So, from where and from whom can I buy it? I would prefer a new plane if possible, if not a plane in perfect conditions. Considering a budget of 100k advise me as fast as possible. I am seriously interested for the next 2 years. Please answer me as soon as you can... thnx 😊
Big benefit for me is I'm saving to first buy home with good amount of flat land go for pilot license then when I find perfect plane for me I can tarp it and have hangar built free hangaring cuts out biggest cost
This is a pretty good video Stef, as always. I'd recommend taking a look at the cost breakdown done by friendly skies film as it shows that owning can be cheaper than renting. And even cheaper than an SUV if you want it to be.
Nice video, although I wish you guys did discuss UltraLite flying. I know that in America, that is the cheapest way if you’re recreationally flying. I know that Australia has a lot of laws, but looks like they might be getting changed. And you can always bend them anyway, who would know. And yes I condone that in aviation as long as you don’t hurt or in danger other people. So for any of those who do that, use your own strips, stay away from built-up areas, and keep other people safe. Bending rules is okay sometimes, but putting other people in danger is never okay.But here is the question: if you want to do all this stuff legally, would it cost about the same in Australia to operate an ultralight? I know it will cost more with the licensing and stuff, but would it be around about the same, or would there be hidden costs in Australia.
I can't even imagine how would I afford SR22. Reading up online from various owners it's around $20k a month! The plane itself costs around a million dollars!
0:26 Totally relate to this part of the video my first plane was icon a5. But now I’m looking for a private jet could you suggest which one to go for. Alaways watching from India.
Thanks for such a great and very informative video. Perhaps you could make a video about your own situation and finances to make a really detailed video on costs owning a plane like yours with the flying you do🙈
Great video. Much appreciated. I like that 60 hour rule. Of course that's about what is needed just to get licensed in USA so wonder if buying while learning is a better way to go? Thoughts?
It’s like a boat. You can buy it new for 100k and then it’s worth 50k right away, but after 10 years it’s worth 20k and it will stay worth 20k as long as it floats
1. Ask the seller to demonstrate functionality of ALL installed instruments & systems before you even go for a ride. 2. Have an inspection by the mechanic who will actually maintaining the plane. NO ONE ELSE WILL GIVE A CRAP how good the plane is. 3. Have an extra 30% of the plane’s value on hand to repair/replace/repaint/upgrade/etc. everything you discover you don’t like in the first year.
Thank you Stefan, that was very helpful. Just to have an idea could you let us know how many hours you fly with your cirrus sr22 and how much the overall yearly cost is including hangar, maintenance, insurance, fuel etc. Thanks again, Sam
I remember you spoke to me about Biggin Hill earlier this year !! Also you have more hair now than that great photo of you as a youngster !! Ok I am jealous !! Most informative as always mate and cannot wait to see you back in the air...hopefully sooner than later !! Trust all is well at home !!
Really good informative video & well put together . Enjoyed the broker’s input & clarity to decision making . However only wished that you would have talked about insurance cost based on models , pilot experience , location etc .
I can’t even afford a car why am I watching this ?
Welcome to my world. I've been trying to fly since I was 10. Still driving.
Because some planes are cheaper than cars
For inspiration I guess...
You don't REALLY want to fly because if you want something in life then take it or make it. If it doesnt work thats only because its not a priorty in life for you right now belive me. Im not a hater im only telling you a fact. Sorry for my poor english writing I hope there's not also grammar nazis reading this. Peace stay positive boys and fly safe.
@@patb686 exactly i dont own even a car but by early next year i know ill own a plane lol
Him: You don’t buy a truck to bring your kids to school in the morning
Americans: *sweating*
Real Americans roll coal on their way to school.
lol.. being American I relate
finally, a true stereotype
Then imagine how it his is in a small town in Texas
Bro I’m from Texas and I thought it was normal
Step 1. Have money
Step 2. Have even more money
step 3 have even more money
Step 4 Have even more money than you had before.
Step 5.. have more money than step 4
Step 6. Add up money from step 1-5, and have more money.
step 7 if you think you have enough, sorry not enough need to have more more money.
Almost 10 years ago I almost got my PPL, so close. A few months ago I was unexpectedly spending a few days in hospital, watching life pass me by and Stefan you reignited the dream. I’m finishing it!
See you at YMMB one day.
Thanks :)
Hope you finish my dream. I’m currently in a cadetship program from British airways. Goodluck!
i'm over 50 and training PPL now. people ask me aren't you afraid of dying? I'm like Hell no, i'm afraid of not living!
Great dream to make reality. Are you flying now. How is it going?
Yes I got my PPL last year and I’m doing my PIFR now. I’ve been flying as often as possible despite all the covid lockdowns and loving it.
As someone who has recently gone through it and knows: does flight time ever expire when going for a PPL (I'm in the US, if that matters)? Given the cost and the reality that I don't see myself flying more than a few times a year even when I do get my license (life being busy, other interests, etc) my current plan is to just fly a few hours a year and in 5-10 years accumulate enough to have a license, but I want to make sure I won't have expiring hours or something.
"there's nothing like getting into the airplane and your headset is already plugged in" That is probably one of the main reasons I went with sole ownership of an SR22. Great video, great questions. I too went through my first purchase last year. It was enlightening, frightening, frustrating, enraging (met one sleaze bag I'm glad I didn't buy from), educational and in the end extremely rewarding.
Great great great advise and you hit every item on someone’s checklist on how to go about buying an airplane.
Niko's Wings advice unless it is a typo
I agree Niko, love your channel
When I was young my 'requirements list' for my bird was blue eyes, blonde, svelte and fun, now I am older and my 'requirements list' for my new bird is airspeed, range and glide slope ratio....
I rented for a long time but got frustrated at not being able to do long trips. The only rental options were flight schools where students have to come first. Then there were the strict rental policies: a written exam to blow your nose, and a check ride to sneeze...
I set a budget that included most of the usual GA suspects: Cherokee, 172, AA5, Sundowner, etc. Something like an Arrow or a Cardinal wasn't out of the question. A share in an Arrow or a Cardinal would have me reaching for my checkbook. I ended up with a charming old Beech 23 Musketeer, bought from some nice local fellows who weren't flying it enough. Look over the plane and documents, test flight, research issues and ADs, pre-purchase inspection, deal! Along the way I flew a Citabria to get a taste of what taildraggers were like. A 152 would suit me fine except I'm a very tight fit and was concerned about getting out quickly in an emergency. The Tomahawk was interesting but there aren't many around.
Financially, it's utter nonsense. None of which matters when I line up on the runway. :-)
Right on! - This, and the promise of "Boring videos" (as per your About) made me click subscribe... 👍😎
The last line says it all..Happy Flying!!!
I'm watching this at 2am thinking "oh this is useful"... when I can't even afford a plane ticket at the moment with my business collapsing due to the pandemic... *sigh*
I hope it gets better.
I hope you can rebuild your business better than ever after this pandemic.
Don't loose your hope and confidants . We people are limiting our own skills and that's why we often think about quitting
@@kishoress4936 Thank you, I'm slowly trying to rebuild it :)
@@-paulmp I wish you the most success :)
Great video and advice! I have owned an airplane where it was located at an airport nearby and I now own an airplane and I live on an airpark. I cannot tell you how incredible it is to just pull your plane out, take off and go where you need to go. It is pure freedom. And the ability to just step into the hangar at any time to tinker with the plane, polish it, work with the avionics, etc is completely next level in the aviation game. Good luck with the SR22. Gorgeous plane!
The old saying in aviation is to wind up with a million you need to start with 2 million.
I have just ordered my A-380. Thanks for the guide.
Lol I ordered my Boeing 757 because the a380 is going out of factories and is becoming obsolete
@@epicscout9826 u cannot even own a toy plane
@@epicscout9826 haha
i bought a 767
When I finished my PPL I was lucky enough to buy a piper Tomahawk for my hour building. Then sell it 25 hours later for my dream airplane, a comanche. I will never go back to renting. The rewardingness and the freedom of flying my own plane far outweighs the cost benefit of renting.
Great video Stefan
I reckon
Step 1 - how much can I afford
Step 2 - how much do I actually want to spend!
Step 3 - Do I want to sink capital and have fixed costs? Also, can I afford to pay for an unexpected BIG cost - these can be very big!
The mission and list of must / should haves are really good tips but be honest with yourself. A good first question is - am I going to use this as a means of transport or just for the fun / challenge of flying.
I got my PPL after retiring early and was sure that I wanted to buy a plane for the freedom that would give me. Luckily I bumped into someone who was a part owner in a group of 5 that had a share for sale. I liked that they checked ME out as much as I checked the plane. I did the deal and have not regretted it for a single moment as availability is excellent and I only pay 1/5th of the fixed costs. The plane is a really nice Archer that has been well maintained and has IFR avionics. For a group I think the number 1 aim is to have like minded people. No good having one person who wants to spend as little as possible when the others want to have everything that needs doing, done asap. I really enjoy interacting with my co-owners and fly with one of them all the time. If you are looking to buy a share, try to find a plane that has had some money spent on it as the cost is never reflected fully in the value. Plus you should be able to buy a say 20% share for less than 20% of the sale value of the plane - not sure why that is but it seems to be the case.
If you are not sure of your mission then I think a non-equity group is a good place to go as you fly the same plane every time, it is likely to be much nicer than a typical rental and you can walk away if the plane ends up not meeting your mission or you just fancy something different
I'm planning to do my flight training by buying my own plane and hiring my own instructor. This video really helped me gain that confidence to buy.
Great information.
- renting
- shared ownership *
- non-equity group *
- outright ownership
- part-owner
* I like the shared and group with options to fly specifically for various activities.
Thanks! Just bought a plane for personal! Gonna whip this thang to school every day skrt skrt!
Jason: I brought my camaro to school
You: OH YEA WELL JASON I BROUGH MY PLANE TO SCHOOL BIAATCH
I was litterally about to buy a airplane when you made this
What is it?
@@skyforce2132 It's an adverb, but that's not important now.
THIS IS A VERY GOOD CONTENT
thank you.
thank you.
I like to fly every week and wanted a plane that didn't cost me my first born! Plus I like it clean and neat and don't share well. Thanks
Great video. Another factor against renting is that it’s hard to find most planes available for rent. Sure you can find a Cherokee, a 172 or an SR20-SR22T even, but I haven’t seen anything beyond that typically for rent. So if you need a different plane, renting is not an option.
Biggin Hill is a fantastic airshow, I was so disappointed when it ceased happening a while back. Thankfully it was reintroduced fairly recently, one of my favourite memories was seeing The Reds in formation with a Virgin Atlantic 747-400. Miss Demeanour was always a crowd favourite with her colourful livery!
Thx I recently bought a a380 thanks to this video
SO refreshing to learn how some real-world questions can be unpacked, when seriously considering ownership or rental. Thanks, Stef. CAVU. 😎👍
Thanks for watching Mike, glad you found that useful.
Most people watching this aren’t watching it to actually buy a plane but because it’s cool.
I like the subtle "dial-up modem" sound when you were connecting with your buddy.
The TBM 940 meets every requirement I could want out of an aircraft. Unfortunately my budget is Cessna 152 money. All I have to do is start my own, lucrative business and become a millionaire.....GOALS
The PA28 Cherokee , I believe is the best practical family aircraft, that has operated over the last 60 years. The PA28 has a great track record for corrosion free, airframe. Shows an honest 100kts indicated. Excellent short field landing aircraft. especially with 3 POW and 10 gallon tanks either side. 600 yard strips fine if you know how to fly the PA28. Excellent spinning aircraft, and very stable in fully developed power on stalls.The 0320 Lycoming's are bullet proof. The maintenance much lower then a C172. retired CPL
Another thought ( because I’ve been here): if you’re buying an older aircraft intending to restore it then it’s far far cheaper to buy someone else’s restoration. You will never get your investment dollars back.
My 2 are the Archer 181 2007 upwards and the Cirrus SR22 also 07 upwards
I will definitely be buying an aircraft some day, but my fiance says we need a home first!! Hard to argue with her when she's so supportive of flying though!
Buy a big enough plane and it can be your home.
@SpeedyCM can't argue with the logic
@@SpeedyCM now that's big brain thinking!
This is extremely informative. Thanks for a great video Stef. It hits home for for me because I know, living in the Adirondacks of NY, I know my ultimate goal is a STOL and water capable aircraft so I can find remote beaches relatively near me, so cross country speed is not my concern at all. I need back country performance and fuel efficiency. I have the fortune of being good friends with an A&P mechanic that can help with pre-examining an potential purchase. Still a long way away, but that's the goal. Thanks again for the encouraging content.
Just ordered my B-2 bomber. Thank you guys 😇
Lmao
Extremely helpful! I’ve been loving your content recently, and found the flight sim week hilarious to watch! Add Utah to your round the world flight, we’ve got some incredible mountain flying over here 🤙🏻
I came across a plane for sale on FB marketplace about 2 years ago. The price was really low, but the plane had good bones and the prior owner was a well respected A&P who’d recently passed away. His widow was selling it. I bought it, put $4k into the first annual and had my first plane. I sold it shortly afterwards, used those funds to buy my second plane. Seriously considering selling it since GA prices are through the roof in the US and seeing if I can get a third, more capable aircraft.
Hi mate. Thanks for this explanation. I would have liked to see some more specifics on financials, but I understand why you wouldn't want to present then :) The metric at the end about flying hours and your point about a flying school /rental place not wanting to rent you an aircraft for 4 hours flight time for 4 or 5 days is a key point. Thanks, great video. Subscribed.
I can't afford to upgrade MSFS for the SR22 in that, let alone a real one, yet I here I am learning how to buy a plane.
Stef I’ve been listening to the Australian Aviation magazine podcasts and they had a good discussion about private pilots getting out there and still flying. I think you consider it now too.
Thank you so much for all the information, and another great video. Can’t wait to see the future with EYZ! 😊
Thanks for watching, big plans for EYZ in the future once we're all flying again. I'm excited to share that here on the channel.
The Dial Up Connection tone was the best!
Stefan - Great insight! Can you also do a video on your experience owning the SR22? What have you liked? What's been a pain with respect to maintenance or financially? That's the bird I would like to own but would like to know your experience. I thought I heard you make a comment that you have a management company that oversees that. Thanks for the great content!
I'll probably buy an f4 for sure. Thanks for the tutorial.
Excellent video - highly relavent information delivered concisely in a short period of time.
and I was just about to sign on the dotted line ... Good vid Stef, Philippe is a cool guy!
Interesting video with a good input from Philippe. Sound advice but from my experience the permit aircraft i have owned have always appreciated in value over time. True, it might be cheaper to rent in terms of the hours flown but there again I can fly a short distance and spend a day on the ground without having to worry about block times etc. Out of lockdown I can also turn up and fly whenever and wherever I want.
I've owned a plane... For me finding a cert. service rep and I did the annuals with his approval worked for me. Don't let anyone tell you it's cheap, owning is not cheap. It cost an owner $ even if it's just sitting in the hanger on bad weather days. You have time limit maintenance and repairs, period. Things wear and fail and need to be replaced or fixed. Engine overhauls are big money depending on engine. Say a 6 cyc would be around 65k +/-. My point, owning is not cheap and can't be justified. It's money your willing to spend to enjoy flight and never have to worry about all the aircraft's rented and you can't fly. I flew any time I wanted and went to places as long as I wanted. I flew coast to coast and back (usa). I just sold mine after 15 yrs and plan to buy another, faster xcountry bird. To me short flights are boring now did so many. Time to travel longer flights and enjoy more places sooner. PS also keep in mind experimental aircraft's.
Useful video thanks, but for those flying less than 60 hours or so, sharing is a great option. Your headset may not be plugged in and your sunglasses may not be in the pouch, but it’s still way better than renting. Also, being involved in the total care of an aircraft increases the enjoyment of the whole flying experience.
It’s about how many hours you do but most importantly that you need a very bloody good reason to buy ie for an actual purpose ... after owning three aircraft in my 30yrs of flying if you don’t have a reason and I don’t mean “I just want to fly” then it’s not a good decision to buy. There can often be so many surprise expenses that come up at annual inspection time or worse just in general operation that it can really hurt especially if your not well set financially.
If it flies,floats, or fu
Very good , informative , you asked all the right questions , same questions asked when I was pondering that path . Love the channel Stef . Happy flying 😊
Great video Steph...it would be interesting to know your figures for EYZ to get some idea of how much it costs to own and maintain a cirrus.
For taking trips to vacation even for a long weekend, renting makes zero sense. Flight schools make it clear they don't want you using their plane for that. I might be one of very few but I came out ahead after buying a low hour Mooney M20F from an American Airlines pilot. Ugly paint and interior but it had all the LoPresti speed mods including the cowl, good bones at a great price with low hours on the engine. I spent about 20% updating the plane (new paint, windows, & interior, upgraded autopilot, weather, & navs). Flew it for about 450 hours and got every penny out of it when I sold it. Cruise @ 160 knots on 10 gph! There are deals out there you just need to be diligent.
Woohoo I did my rent v buy spreadsheet last week and got 65hrs as the sweet spot to buy over rent too. I got a 2 part shared ownership model at about 45hrs crossover
Yeah, I'm in a flight club now and somewhere abouts 75 hours plus or minus a year seems to be an average pivot, depending on what you want to buy, fixed costs (hanger, etc.).
Amazing video mate, thanks for keeping my lamp of inspiration burning on this
Hi Stef... Amazing video! You almost got me to the point of almost wanting to buy a plane... I was this close. Take care and see ya in a future video.
Thanks, good to hear the information was useful. Thanks for watching.
Something i have been thinking about for a good few years now as i am not a fan of renting some beaten aircraft from a flight school and having to pay their extorniate annual membership just for the privilege of 2 hours or so a month.
Good video Stefan.Hope you good down there.
Mission (type of flying) can also impact solely whether to buy or rent regardless of aircraft. Many FBOs have requirements for long distance. For example, one will not let you take the 2016 172/g over night and more than a few hundred miles unless you hav an IFR rating. Two reasons, first it is in more capable hands from a professional corporate perspective and two, it’s a populär rental. You would have better luck in the old steam gauge 172s but performance is down and they are pretty drab inside. The other place I rented when Ibeas a new pilot, let me take the DA40 overnight but
I also had a working relationship with them. Short version, even if you are flying a bit less than the numbers in the video, ownership may be the better option if the majority of your flights are cross country.
I've bought and flown at least 90 planes of myriad types and sizes over my 40 years as a pilot and will continue to buy and fly them. I've also crashed and totaled at least three quarters of them. But I've always walked away unscathed.
Oh yeah I only fly r.c. planes...
all the good stuff i had considered before making the decision on buying my first plane soon mate so really enjoyed the segment :)
The only thing cheap with airplanes are the owners.
Very interesting. Lots of great information. Thanks Stefan and Phillippe. Stay healthy.
Nice video!
I will get my ppl licence next year and my father wants to buy me a cessna like a 172 or a 150.
So, from where and from whom can I buy it?
I would prefer a new plane if possible, if not a plane in perfect conditions.
Considering a budget of 100k advise me as fast as possible.
I am seriously interested for the next 2 years.
Please answer me as soon as you can... thnx 😊
I wanted low wing, stick not yoke and modern avionics. Originally I wanted IFR but that'll be plane #2. Very happy with plane #1
Great Video. Thanks for the information.
Big benefit for me is I'm saving to first buy home with good amount of flat land go for pilot license then when I find perfect plane for me I can tarp it and have hangar built free hangaring cuts out biggest cost
Thanks for giving me some info on how to buy an aircraft Stef!
Thanks for watching, glad that was helpful.
This is a pretty good video Stef, as always. I'd recommend taking a look at the cost breakdown done by friendly skies film as it shows that owning can be cheaper than renting. And even cheaper than an SUV if you want it to be.
Excellent questions, thank you for the video, gave me a lot of perspective!!
Another great video from one of the greatest youtubers ever! Sick editing skills mate!
Nice video, although I wish you guys did discuss UltraLite flying. I know that in America, that is the cheapest way if you’re recreationally flying. I know that Australia has a lot of laws, but looks like they might be getting changed. And you can always bend them anyway, who would know. And yes I condone that in aviation as long as you don’t hurt or in danger other people. So for any of those who do that, use your own strips, stay away from built-up areas, and keep other people safe. Bending rules is okay sometimes, but putting other people in danger is never okay.But here is the question: if you want to do all this stuff legally, would it cost about the same in Australia to operate an ultralight? I know it will cost more with the licensing and stuff, but would it be around about the same, or would there be hidden costs in Australia.
This is a great video and Philippe’s advice is much appreciated. Thank you for sharing Stefan!
I can't even imagine how would I afford SR22. Reading up online from various owners it's around $20k a month! The plane itself costs around a million dollars!
0:26 Totally relate to this part of the video my first plane was icon a5.
But now I’m looking for a private jet could you suggest which one to go for.
Alaways watching from India.
Great video Stef, Thanks for the tips it'll help me buy my dream PC-12!
Thanks Stefan! Always great content and love the channel.
Thanks for such a great and very informative video. Perhaps you could make a video about your own situation and finances to make a really detailed video on costs owning a plane like yours with the flying you do🙈
Very helpful! Thanks so much for this video! Great job!
for air conditioning you just have to open the canopy the air will feel good on your face muscels
Drinking game: take a shot every time he says “eChO yAnKeE zUlU”
Great video. Much appreciated. I like that 60 hour rule. Of course that's about what is needed just to get licensed in USA so wonder if buying while learning is a better way to go? Thoughts?
It’s like a boat. You can buy it new for 100k and then it’s worth 50k right away, but after 10 years it’s worth 20k and it will stay worth 20k as long as it floats
I'm liking the cows google image search
Wonderful video and clarity
Thanks Stefan ..im close to buying my first plane...was going to before this virus started but gotta make sure it cool, now!!
1:07 🤔 wasn't that KJN (kilo Juliet November)
1. Ask the seller to demonstrate functionality of ALL installed instruments & systems before you even go for a ride.
2. Have an inspection by the mechanic who will actually maintaining the plane. NO ONE ELSE WILL GIVE A CRAP how good the plane is.
3. Have an extra 30% of the plane’s value on hand to repair/replace/repaint/upgrade/etc. everything you discover you don’t like in the first year.
Best video I have seen on this topic, well done Stef.
dude! Thanlk you so much for your videos!!! They are great quality! keep up the amazing work! - FROM a Fellow aviator in Melbourne!!!
great tutorial, 10 seconds in and I got 4 creditcards to buy my first plane
Thank you Stefan, that was very helpful. Just to have an idea could you let us know how many hours you fly with your cirrus sr22 and how much the overall yearly cost is including hangar, maintenance, insurance, fuel etc. Thanks again, Sam
I was just thinking about this the other day...
I remember you spoke to me about Biggin Hill earlier this year !! Also you have more hair now than that great photo of you as a youngster !! Ok I am jealous !! Most informative as always mate and cannot wait to see you back in the air...hopefully sooner than later !! Trust all is well at home !!
My plan is to buy my wings in the US where I will be for the next 2 years as Aussie is more expensive and less choice; right?
Really good informative video & well put together . Enjoyed the broker’s input & clarity to decision making . However only wished that you would have talked about insurance cost based on models , pilot experience , location etc .
Excellent video ... much appreciated. Thanks!
Super super helpful video! Thank you!
Thanks for watching Brian, glad you got some help from it.
Sensational video Stef as always Thank you I really liked this one 👌
Sooo when are you flying around the world?
I’m interested in those kitfox planes with advanced avionics.
hope you see this comment!
who is that at back in black&white photo frame ?