Aircraft Ownership vs Rental: is it worth BUYING A PLANE?

Awesome video! Thanks!

What is your exact plane?

The production quality of these videos is great man!

Your videos look great and the production quality is really standing out. Gives me some Inspiration to try to up the quality of my videos.

You should also factor in an engine overhaul into that operation cost because one day you’re going to have a $30,000 overhaul waiting around the corner. I know you said you don’t do this but I also factor in my other hourly maintenance costs just because it can get crazy.

My last two maintenance bills for my piper arrow were around $5,000 each so factoring in a decent chunk hourly for maintenance has helped a bit with those bills when they pop up.

I use my plane for flight instruction so I factor in every single cost above Into my hourly rate and end up flying around 70-80 hours a month so I put a lot more wear and tear on my plane.

If you’re flying less than that you might be able to get away with selling the airplane before you have an engine overhaul due.

Great video. Thanks for sharing! Appreciated that you highlighted the safety aspects of ownership (upgrading avionics to increase situational awareness, knowing your plane inside out...literally, taking your time to pre-flight, and most of all, flying a lot!)

sounds great but at $4.50 average per gallon of fuel, how do you approach to those numbers?

When you pointed at the yoke I realized it’s the same kind of Grumman as the Twin Cougar I teach in!

You didn't include the cost of the plane? That's one of the biggest break even points, or even fuel burn on this plane vs a rental!!!

Math is flawed and not apples to apples.

I just joined you on the ownership side of things.
They very first thing I get to do as an owner, an annual.

great video -- made me calculate my estimated hourly on my airplane .. which i think is about $79 ..

I like the voice overdub for the consistent, clear, and quality sound

good videos my dude, you need more views, good quality and editing. keep it up!

I’m definitely buying an aircraft for my training.
I don’t just want to be a current pilot, I want to be a proficient pilot.

45$ an hour doesn't even cover fuel today on long island

hanger costs are the biggest issue for a lot of people for owning. finding a hanger and paying 500 a month for it. Not to mention the loan payment to pay for the airplane but really its the hanger that's the biggest issue i think

How did it feel to be a customer of the rental aircraft fleet places , and worry about who had the plane out last, and if they stressed the airframe, cracked a wing strut, or something else that could affect your own safety? Do you feel safer knowing you are the only person flying this aircraft? I think I would feel safer. Nice avionics man. :-) Your plane is beautiful.

4 hours a weekend sounds like about $700? or $2,800 per month. That sounds like a ton of money (for a regular guy like myself). Can you tell us what you do for work to afford that? that just sounds way out of my league

Great avionics update! I’m from NYC living in FL. I’m looking to buy a plane to save money in the initial license. What do you think? Should I rent for the license or owning is the way to go? I feel buying is the way but many are telling me that it is very expensive. Thank you.

What resources did you use to help you find the plane you bought?

I wondered how many hours per year for you guys who own a plane fly actually?

New goal in life: Private license and plane ownership.

My 17 yr old son just started pilot school at EFI in French Valley Murrieta so we are always watching random videos and trying to absorb all we can. This was a great video. Really enjoyed it. Informative and well put together. Thank You!!!

I don't understand...

Hanger $4,000 - 8,000 per year. People say it ends costing you more if you don't hanger the plane.
Insurance $3,500 - 7,000 per year if you stay under $250k for the plane.
Annual $2,000 - 4,000 per year

These are the fixed costs, $9,500 - 19,000 per year depending on the market you live and the plane you buy.

After that, fuel is $6.50 - 7.50 per gallon at 8-11 gallons per hour = $52 - 82.50 per hour to fly

So on the low end if you fly 100 hours per year, you're around $150 per hour as an owner, on the high end, $277 per hour. Replacing the engine at 2,000 hours for $50,000 adds another $25 per hour to your flying costs. Then buying the plane is $150,000 to whatever you're willing to pay for the plane. And when something goes wrong...oh my....

I'm not saying owning is wrong, but lets look at the real numbers and make a decision. You are spending more than $45 per hour on fuel alone.

Comparing apples and potatoes in this analysis. Nice plane though, have fun and fly safe!

Most straight to the point video i saw . Thanks !

Great video!

Awesome video. I am a student pilot and preparing for my solo cross country. I dream of buying my plane one day.

So if you have a $1500 breakdown (which is very very easy to have). It will officially make it more expensive.

I've owned 8 airplanes and had spells where I rented over the 50 years of my flying hobby.
Although I enjoyed the camaraderie of the folks at the flight schools where I rented, I realized that airplane ownership was the only way to actually use my pilot's license to it's full potential.
For me, I enjoyed taking trips with my plane. Sometimes, like when I was dating my future wife, the trips were short. I would fly 100 miles to Cape Cod to see her and spend the weekend.Then I would fly to work on Monday morning. My plane would get maybe 3 hours of flying on it during the course of 3 days. Most FBOs require or charge 3 hours per day to secure their plane. Otherwise, they lose money from potential renters - especially during a weekend.
Other times, I would take my plane on 1000 mile trips for a couple weeks. Hate to think what that bill would be!
I'm an A&P and manage to keep costs down on maintenance so that also helps. FBOs don't care if your an a mechanic or not. Usually they are pissed because I find things wrong with the plane that most pilots wouldn't!
Just my 2 cents...

Great video mate!

Great video, thx

And you can get one for a round 15000 and it doesn't matter if it's experimental or not you can still learn to fly init

Excellent video, Bruno.
I recently bought my own plane last year and the breakdown for the operational cost(s) were briliant.
Ill see you in the pattern, my friend.

That last part is gold, “be good at what you do, not just for the checkride, but for you.” Goes for a lot of other things, don’t be just enough to pass the test, but be good enough to do it all in your sleep.

That's a beautiful plane🤘

Why are you guys obsessed with playing music over important information? Please reconsider in future videos.

Great video! I’m concerned about anyone taking your math to heart

lmao you don't include overhaul, that's gonna fuck you over big time later

U didn't show a balance sheet. Nill

What’s The Brand Of The Airplane de Your Flying In The Moad

OMG I could not and did not listen to this the music in the black ground was horrible. Why? Ask yourself

Great vid dude
Can’t wait to own my own 🎉

Great video! I'm wondering what's the hourly cost looks like if you add hanger fees and maintenance costs to the equation.

I'm in the market now, looking at Beechcraft Sundowners and Socata TB-10s (I like a roomy plane). I've gone over the numbers over and over. On paper it makes complete sense, but I STILL ask myself, "Is it worth it"? Thank you for this!

Your hourly cost is entirely incorrect by a huge margin

That rental fee that you’re comparing it to included engine con contingency, which you are not .

Unfair comparison

What's your investment worth now compared to what it was when you bought it! Ahhhh