....I can see the tank behind the seat being a potential problem for flight schools wanting to rent and train in a 12.....
What would be a reasonable rental rate for the RV-12? Keeping in mind the realities of rental aircraft (high insurance costs, scheduling issues, etc)....what is the amount you would be willing to pay and still afford to fly regularly?
We tried to get an LSA 2 years back and couldn't get insurance for it.
Why not? Why is it harder to get insurance for an LSA than for a larger airplane? I would be very curious to learn more about this.
Is the accident rate any worse? Is it because the airplane is more expensive? Or do insurance companies just not have enough claims data to estimate their probability and cost (i.e. to calculate what a reasonable policy should cost)?
Yes
FAR 21.191(i)(3)
Once you go E though, you can never go back! Why would buying an S then modifying it into an E be better than just
buying a completed E and further modifying that? Would likely be substantially cheaper. Warranty?
No confident in building ability.
Howdy folks. Question:
I have been building an Excel spreadsheet that analyzes the costs of forming and running a flying club. My thought is to buy one of the new RV-12 factory built models. Using the price of the optionally equipped RV-12, and including an exhaustive list of costs (insurance, hanger, legal and accounting, etc.), AND including a finance cost component (where I would provide financing for club members at 6% interest, 15-year term), I have come up with the following cost structure for a ten-member club:
. . . Initial acquisition funds: $2,532.40
. . . First year's annual membership fee (represents 1/2 the projected fixed cost totals): $1,172.01
. . . Monthly dues: $97.67
. . . Hourly flying cost (wet): $58.28
I did not skimp on including any costs I could think of including engine overhaul reserves, annuals, advertising, website costs, scheduling online tools, hangar fee, annual avionics data subscription costs, etc.
Do you think this would fly in attracting club members, or are my costs too excessive? Thanks.
Jeff Wright
St Petersburg FL
Thanks for your comments Erich. It would be helpful if I could upload the entire analysis (PDF or Excel format). Is that possible on this site?
Now that I look at your estimates, it doesn't seem too far off . . .
I think we will now see a lot more RV's in the hands of people that normally don't consider (Experimental) planes.
With a price of $105,000 I don't know why anyone would buy a Skycatcher at $149,000. I think Van's is very smart to go this route and attack this market quickly.
Skycatcher specs vs. RV-12 specs. It is a no brainer.
I think I read that the C162 is not being marketed as a light sport aircraft any longer... Cessna bailed on that market.