gimballock

Well, every pile of rubbish on the road should have Third Party Property Damage insurance. I think anything that moves and has the potential to cause damage should have the same.... so, when we say 'insurance', it's generally assumed to be 'hull insurance' I.e. Full coverage to both parties which can cost thousands per year, as opposed to basic 'cover your a$$' insurance, which is assumed to be much cheaper.

I think it depends on the aircraft. Anything over 10,000 should be insured or anything encumbered by a loan. A little run-about that you bought outright might be better off uninsured. A guy in one of my hangars has a Tyro running a 277 that he doesn't insure.

Yes, I think that some considerations should come under the category of "It's just one of those things." A number of owners I have spoken to don't even bother annuating costs - they just put fuel and oil into it and pay the bills (tyres, re-skinning etc) as they come up. After a while it gets a bit like claiming "Neighbour's dog kept me awake all night with its barking!" as a deduction on your tax return... or the cost of replacing fuzzy dice as a running cost for your car! The question is: Where do you draw the line between necessary and unnecessary?

Ooooooh! Tempting! But this is exactly what I'm looking for - an honest little aeroplane that costs little to buy, cost little to run, costs little to store when not in use. If there's one now, there's bound to be another one when I've convinced The Boss that we can afford it.

Had a look at it. Yes, it looks nice. Yes, it's a steal! Now, if I could only convince the "Finance and Logisitics Manager" (the wife) whose main objection (moreso than the initial cost of he aircraft) are the ongoing costs which, as it turns out, is the reason I started this thread. I'd love a little whizz-around aircraft like this! But, unless it costs little to run and store when not in use, is a return to the initial problem. Also, it's not actually a finish-built aircraft, so it's a "Need a workshop and some more money" situation. Ultimately, it's looking more and more like "Wait until you win Lotto and then we'll talk about it!"

All these debates have raged in my head for years but the short of it is that, as it is, I barely fly 10 hours per year at the current rates. All I tend to do is dual circuits and revision for an hour, once every 3 months in a Jabiru J160 for $120 per hour (private hire ex-instructor) or a Tecnam P96 for $160 per hour (private hire ex-instructor!) Trying to come up with strategies to improve this situation. I'm not expecting that, if I muck around with a spreadsheet, I'll suddenly discover that it's possible for me to own my very own Cirrus SR-22 where I never could before. I'm expecting it to be more of the case that I end up owning some rag-and-bone ultralight that runs a Rotax 277 (or the like!) just so I have something to beat around in to get my fix.... and I was hoping that, if I could do the numbers right, I could run one for less that 90 bucks an hour. Yes, my rough estimates for an aircraft like this were starting at about $6000 per year. Yes, I like the idea of folding wings (developing a fascination for the Flying Flea!) as hangarage is prohibitive - almost as expensive as renting a 1 bedroom apartment!

Yes, I thought it was a bit of a stretch. I've been driving 200 miles out to the back of nowhere every weekend to chase my flying dreams since my late teens. (When you get into gliding, often you have little choice!) But consider, I have a choice: Drive 120km to the airfield which has *very* cheap hangarage (for owning) and reduced private hire fees (for non-owning) or; Drive 5 mins up the road where hangarage is normal-to-expensive (for owning) and more expensive aircraft hire fees (for non-owning). If I was to fly every weekend, a 240km round trip would add up to be more than the cost of hangarage locally. (The fuel in my little rollerskate is only about 15-20 bucks for the trip but I'd be racking up the kms on the car and go through tyres 3 times as fast.) But you are correct - If my intention is to drastically increase my flying frequency, the choice is the same! Good point, Kiwi!

I've seen a Hummel up close and I think that something about it captures my ideal type of aircraft - sleek, teardrop shaped, but small and simple. Just not entirely sure if I would fit into one - I am 6'2" and about 95kg. As it is, any running cost spreadsheet would need a field for "Annual cost of Chiropractor/Physiotherapy/etc bills for my aching back!' as I can only fit in whilst slouched or hunched over! If you're from Toongabbie, where do you fly? Wedderburn? Camden? The Oaks? Cheers, Gimballock.

Thanks for your spreadsheet, Spacesailor. These seem a lot more reasonable and closer to what I had imagined. What type of aircraft were you basing it on? Gimballock.

Yes, Crashley, I thought the car and depreciation of the aircraft a bit close to a business model than simply financing an expensive hobby. Considering all the aircraft I see sitting in hangars, covered in bird poo and cobwebs, I seriously doubt that they finance their hobby with a business model approach. I could be wrong, but towards the end, I got the feeling that he was ultimately trying to dissuade me from purchasing in favour of continuing to fly his aircraft!

Thanks, Roundsounds. That's a good answer to my question.

I've considered trikes and PPGs and if someone said to me, "I'm from the future. If you don't learn to fly a parachute with a lawnmower engine strapped to your back, you'll never fly again!", then I'd do it. Until it's clear that this is my only option, I'd like to still consider the stick-and-rudder path.

It's serviceable? Cool! I must try, at least, a Precautionary Search and Landing there! I flew over it several months ago and it was still a dog's breakfast with Xs at the ends.

Hi all, So, I'm entertaining the idea of owning an aircraft. I created a basic spreadsheet of rough costings which, when averaged based on projected number of usable hours per year, came up with an hourly rate. I was using rough figures based on engine type, hangarage cost, insurance, maintenance etc. I presented this to my CFI for comment, and he totally tore it apart. He presented a rough, bottom-up approach, which took into account things like re-skinning a fabric aircraft etc and even depreciation of value of the aircraft and, even running costs of my car to drive to the airport. Given that my aim at this time is a small, single-seat aircraft, perhaps open-cockpit, Rotax 277/447/503/etc (basically the cheapest piece of rag-and-tube that I can get my butt skyward on a regular basis!), can anyone provide me with a spreadsheet template to calculate running costs of such an aircraft? Also, can anyone who runs such an aircraft give me an example of a reasonable hourly rate to run such an aircraft? By the way, I am in Australia, so I would need it to be in, or easily converted to, $AUD and metric. Many thanks, Gimballock.

Whenever the Delta Dyke/Low aspect ratio discussion starts up, this picture also does the rounds: From what I understand, it was a one-off build, done 20 or 30 years ago and no longer flies. Shame. It looks quite cool and sexy! Almost like some sci-fi spacefighter! Imagine the nerdgasms you could have in that thing! :P