You're doing an excellent job!! my first time visiting one of your videos.. Don't put negative lables on yourself like "being socially awkward." -these are "social constructs" typically used by cyberbullies to demoralize people. on a side note - when I was learing in the 70's I had about 7 CFI's and I did about 170 hours before I took my check ride ... I could have done it in 40 hrs .. but I wanted to be proficient .. I practically remember the entire King Flight School video by John & Martha King. The DPE told me ...He was impressed with my oral, and practical exam .. he said keep it up ....
I've seen lots of folks buy a plane who didn't fully understand the non-hourly costs like engine overhaul. Might come out ahead, or might spend more money. I know lots of people who LOVE that they bought an airplane, but cost is never the reason.
While that is definitely true, I look at it from the aspect that if I bought I could now sell or teach in it and recoup that money. Doing a straight rental from a school, you get nothing back.
@@PilotJoeFL That's true.... or you could have had a $40,000 engine overhaul come early... or have a student or renter do a hard landing and write off the structure.... and I'm sure insurance won't fight you to pay out... You're probably right, statistically it's likely you'd come out slightly ahead, I've just not seen it in practice. Of the 40 or so private aircraft owners I've seen, maybe 1 or 2 made bank, the others spent more money. Not sure the regs near you, but in Canada you wouldn't be able to teach on it without an operators certificate, essentially opening a whole new flight school with operations manuals and that whole deal. Something that people don't often think through before writing that cheque.
If the goal is private (40-80hrs) then rental is perhaps $6,000-$10,000. Far less than any reliable and decent aircraft would be to purchase. Ongoing expense at 50hrs annually (minimum perhaps 25hrs to stay proficient) will cost around $4,000-$10,000 per year. The lower end for aircraft rental is conceivably less than just hangar rent if you own one. Unless you are flying at least 100hrs per year, and probably closer to 200, there is no cost saving for a private pilot to own their own aircraft. Perhaps a 1/4 share is the best route (1/4 of the price for an unplanned overhaul is a far easier pill to eat than the whole). If you are going to train all the way through to commercial, just get a C-152 and fly those 250hrs start to finish. Unless you get stuck with an overhaul, you will be ahead. And to go for instructor ticket, trade up to or start out with a 172. They can be had in good mid-hours condition for $75,000 or overhauled with a paint job or good panel for $100k and up. (Payments are 12 or even 20 year terms. Not recommended to go that high).
You're doing an excellent job!! my first time visiting one of your videos.. Don't put negative lables on yourself like "being socially awkward." -these are "social constructs" typically used by cyberbullies to demoralize people. on a side note - when I was learing in the 70's I had about 7 CFI's and I did about 170 hours before I took my check ride ... I could have done it in 40 hrs .. but I wanted to be proficient .. I practically remember the entire King Flight School video by John & Martha King. The DPE told me ...He was impressed with my oral, and practical exam .. he said keep it up ....
Thats awesome! Thanks for watching and welcome to the channel.
Great info , we have very similar experiences man!
Thank you for the advice.
I am currently 2 weeks into my PPL.
Best of luck with the training! You got this!
I've seen lots of folks buy a plane who didn't fully understand the non-hourly costs like engine overhaul. Might come out ahead, or might spend more money.
I know lots of people who LOVE that they bought an airplane, but cost is never the reason.
While that is definitely true, I look at it from the aspect that if I bought I could now sell or teach in it and recoup that money. Doing a straight rental from a school, you get nothing back.
@@PilotJoeFL That's true.... or you could have had a $40,000 engine overhaul come early... or have a student or renter do a hard landing and write off the structure.... and I'm sure insurance won't fight you to pay out...
You're probably right, statistically it's likely you'd come out slightly ahead, I've just not seen it in practice. Of the 40 or so private aircraft owners I've seen, maybe 1 or 2 made bank, the others spent more money.
Not sure the regs near you, but in Canada you wouldn't be able to teach on it without an operators certificate, essentially opening a whole new flight school with operations manuals and that whole deal. Something that people don't often think through before writing that cheque.
Thank you for the vid!
If the goal is private (40-80hrs) then rental is perhaps $6,000-$10,000. Far less than any reliable and decent aircraft would be to purchase.
Ongoing expense at 50hrs annually (minimum perhaps 25hrs to stay proficient) will cost around $4,000-$10,000 per year. The lower end for aircraft rental is conceivably less than just hangar rent if you own one. Unless you are flying at least 100hrs per year, and probably closer to 200, there is no cost saving for a private pilot to own their own aircraft. Perhaps a 1/4 share is the best route (1/4 of the price for an unplanned overhaul is a far easier pill to eat than the whole).
If you are going to train all the way through to commercial, just get a C-152 and fly those 250hrs start to finish. Unless you get stuck with an overhaul, you will be ahead. And to go for instructor ticket, trade up to or start out with a 172. They can be had in good mid-hours condition for $75,000 or overhauled with a paint job or good panel for $100k and up. (Payments are 12 or even 20 year terms. Not recommended to go that high).