- Jan 27, 2019
- Reaction score
- Moreton Bay
Its good to evaluate buying vs renting right at the start. True that nobody really knows what type you are going to prefer to own but that can be changed later anyway, every $300 you spend building hours in a hire is $300 less available to buy one (less the fuel / mtce costs of course) but it adds up quickly consider on average you need 70hrs training to go to PPL.
I did all my training at an aero club and like any organisation the rates are stacked up to suit their operation, we were to fly at reduced rpm so they could pay less for fuel while charging out more hours flight time and overhauling the engines less often (tacho time is less). I know that effectively got us a PPL at lower cost along with bumping our bookings whenever a tourist wanted the plane for scenic - depends what price you put on your time and if those logged hours are effective value for the money.
The other factor is you dont get to take a rental anywhere or anytime you like, it has to be booked and if you get stranded with weather etc. you might be paying twice for someone else to get it back. To go on holiday the economics of hiring self fly dont stack up but if you already own it then the actual cost of making that trip is only the cost of fuel and oil and landing / ATC charges all the other costs are going to happen whether you fly that trip or not.
I chose an older Cessna after doing due diligence on the type, visiting more than 2 mtce shops for advice on the pros and cons, Lycoming issues vs. Continental. Avoided a syndicate because I wanted full control over useage and no arguments over mtce standards. I was able to save a lot of costs by doing simple items like corrosion control under advice / supervision, often they would let me use their workshop facilities while I was there for the annual no self respecting LAME would rather do this work if you will its like the garage sign that reads "repairs $100 / hr while you watch $120 / hr while you help $140 / hr"
They had told me an annual on a Cessna would take about 9 hrs vs. 11 or 12 for Cherokee as the removal for inspection work is more. It cost less if I opened up all the inspection panels for them also it doesnt cost any more to maintain 4 seater vs. 2 the inspection items are equally tedious.
Best of luck choosing, either way I dont regret getting into flying. Its an observation that pilots often prefer the type of plane they trained most in, I started with C172 and preferred high wing ever since. Mate was a Piper man, so much hassle getting in & out but it got us there regardless.