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Buying a Piper Cub
- Thread starter HuggyU2
- Start date
Huggy here is an excel sheet that I am using to figure out what plane is best for my needs.....you can manipulate it to figure out the exact costs.
I owned a Cessna 150. I leased it to a Navy Flying Club which helped defray some costs. However, a couple idiot students landing with their feet on the brakes can bullseye a tire and rack up the costs (some costs we could assign back to the stud).
I used a local mechanic that was referred to me and the routine and scheduled inspections were manageable. I set $5 per flight hour aside as a maintenance and engine overhaul reserve and a monthly prorated amount toward the annual. Having the local mechanic you can trust helped.
If one of your group has an A&P license, it'll save you big bucks.
This was in 1991 and 1992, so keep that in mind.
I enjoyed having it and flew it quite a bit when the flying club didn't have it scheduled.
I used a local mechanic that was referred to me and the routine and scheduled inspections were manageable. I set $5 per flight hour aside as a maintenance and engine overhaul reserve and a monthly prorated amount toward the annual. Having the local mechanic you can trust helped.
If one of your group has an A&P license, it'll save you big bucks.
This was in 1991 and 1992, so keep that in mind.
I enjoyed having it and flew it quite a bit when the flying club didn't have it scheduled.
Huggy, weren't you talking about some kind of Yak or CJ over on Flightinfo??
That .xls spreadsheet is good stuff. Thanks.
I figure this is the best way to get my taste of aircraft ownership. The other 4 guys have all owned aircraft, we've already got a "man cave" hangar, and the aircraft is pristine.
Hacker,
Yeah, I want something like a CJ or Yak. The Cub was offered to me for $42K, but I didn't want to commit that much money. Part of the reason is that on Wednesday, I got offered a chance to rent a T-6 very inexpensively, and I want to save my money to get heavily into that. So, in the bar on Friday, I mentioned it would be a great idea if we got partners on the Cub. One guy standing there said "I'm in". Next thing I know, there are 5 of us, with a couple others pissed because they didn't get in on the deal. So, for $8400 apiece buy in, I think it's the way to go. Once I learn more about owning an aircraft, I'll look at something like the CJ or Yak.
I figure this is the best way to get my taste of aircraft ownership. The other 4 guys have all owned aircraft, we've already got a "man cave" hangar, and the aircraft is pristine.
Hacker,
Yeah, I want something like a CJ or Yak. The Cub was offered to me for $42K, but I didn't want to commit that much money. Part of the reason is that on Wednesday, I got offered a chance to rent a T-6 very inexpensively, and I want to save my money to get heavily into that. So, in the bar on Friday, I mentioned it would be a great idea if we got partners on the Cub. One guy standing there said "I'm in". Next thing I know, there are 5 of us, with a couple others pissed because they didn't get in on the deal. So, for $8400 apiece buy in, I think it's the way to go. Once I learn more about owning an aircraft, I'll look at something like the CJ or Yak.
Good analysis FLTPAY. I would avoid the twins. Two times engine overhaul. A decent single will provide the same performance as a comparable twin.
I'm sure you already use trade-a-plane and Controller. Both are good places for comparison shopping.
especially the latter
MasterBates
Well-Known Member
So true.. As we both know.
I am going to get a Piper Lance. Roughly the same "cabin" space as a Seneca, same hauling ability, cheaper to own because of insurance and only one engine and prop (although 300hp will drive the price of an overhaul up). I have a lot of time in Senecas and Arrows, this is pretty much the hybrid of the two.
WheelsUpHeelsUp
Banned
Imagine the time saved just from not having to say some bullshit like "I love you".
Is it "Remember the Alimony" or "Rent from Alamo? Maybe both?
...with a straight face
Time to go jet skiing again, Master B