tmpendergrass
Member
Hello Everyone,
I have been looking into purchasing a flying RV-6a. However I'm not sure that I could fly it enough to justify the fixed cost associated with owning an aircraft. So I thought I'd put this idea out and see if there's any interests from the socal/ orange county community. I'm still at least a 6 months out from purchasing so this is somewhat preliminary. Here are some numbers I've come up with for a 4-6 member partnership.
Cost of entry
I figure a 75k purchase price for a very nice -6a so based a 4 members that would for around a $20k buy-in price.
Insurance
I couldn't find a lot of good info regarding insurance for partnerships. So I'm going to generously estimate $5k per year for the entire partnership.
That works out to $104/mo for each of the 4 members.
Hangar/Tiedown
$200/month at KSNA.
$50/month per member.
Condition Inspection
I know this can very so I'm going to figure $3600 per year. This includes the inspection and repairs. Any extra goes into a rainy day fund.
$75/month/member
I figure $15/hour maintenance reserve for engine overhaul, oil, etc.
This all adds up to $230 per member, per month for fixed costs. This would get cheaper if we added more partners. All for a buy-in cost a little more than a new civic. Seems quite reasonable to me if we could make it work. Let me know if you have any comments or if you might be interested.
Thanks for reading![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
T
I have been looking into purchasing a flying RV-6a. However I'm not sure that I could fly it enough to justify the fixed cost associated with owning an aircraft. So I thought I'd put this idea out and see if there's any interests from the socal/ orange county community. I'm still at least a 6 months out from purchasing so this is somewhat preliminary. Here are some numbers I've come up with for a 4-6 member partnership.
Cost of entry
I figure a 75k purchase price for a very nice -6a so based a 4 members that would for around a $20k buy-in price.
Insurance
I couldn't find a lot of good info regarding insurance for partnerships. So I'm going to generously estimate $5k per year for the entire partnership.
That works out to $104/mo for each of the 4 members.
Hangar/Tiedown
$200/month at KSNA.
$50/month per member.
Condition Inspection
I know this can very so I'm going to figure $3600 per year. This includes the inspection and repairs. Any extra goes into a rainy day fund.
$75/month/member
I figure $15/hour maintenance reserve for engine overhaul, oil, etc.
This all adds up to $230 per member, per month for fixed costs. This would get cheaper if we added more partners. All for a buy-in cost a little more than a new civic. Seems quite reasonable to me if we could make it work. Let me know if you have any comments or if you might be interested.
Thanks for reading
T