Quote:
Originally Posted by Sapphireho
Just curious, what are you looking at for annual fixed costs on the Cherokee?
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Fixed costs are relatively low.
Insurance is $700 per year.
Hangar is $175 per month
Annual is about $1,000
Taxes will be $500 a year
Everything else I consider running costs, which I'm pegging at $100 per hour since I'm going heavy on the maintenance reserve.
Maintenance may be a bitch as it's a bit older and is near TBO, but compression is in the high 70s on all cylinders and it is using a normal amount of oil and since I'm using it for leisure flying I will run it over TBO.
This is really part of a two part trade. The seller is interested in an incomplete kitplane I have and is taking it in trade at my full asking price off a more than fair price for his plane. Since its easier to sell a "real" plane than a kit, I'm thinking I'll fly this for a year, then use it towards an upgrade.