Obie

Thanks Hubcap! That’s a good round figure to plan for!

Hi William, Very helpful data, thank you! Sounds like you are at PDK. I’ve never flown a Mooney, would you be up for showing me around yours? I am in Suwanee. Trying to figure out a way to DM so I can talk privately with others in this forum. Thanks again! Obie

I am a newbie to this forum and joined with intent to get educated by you all! It's been a dream for me to own my own airplane. I am heavily leaning towards a Mooney due to speed and efficiency. I've been looking at Cessna 182s and Beech Bonanza straight tails as well, but speed of getting A to B is more attractive in a Mooney. I keep debating about numbers with my wife and need some expert inputs from the Mooney community regarding my budget for ownership. Here it goes... FIXED Annual Costs: -Hangar: $6,000 -Insurance: $2,800 (I am an ATP, CFI, CFII with about 5,000 hrs of complex, multiengine time, but only about 200 hrs of single engine time) -Annual: $4,000 (just for diagnostics, not sure how much to budget for 'discoveries' during annuals) - Oil Changes: $300/year if flying 100 hrs per year and doing oil changes every 50 hours -Spectographic Oil Analysis: $250 -Savvy Mx Program: $750 -XM Satellite Wx subscription: unknown -Annual Taxes: unknown (plan will be based initially in KLZU, Gwinnett Co, GA, but willing to consider other locations if better taxes) TOTAL Fixed Costs: $14,100 (not including xm subscription or annual taxes) VARIABLE Costs (flying 100 hrs per year): Fuel: 10 gph x $6/gal = $60/hr Oil: 0.4 qts/hr x $8/qt = $3/hr Engine and Airframe Maintenance: $40/hr (assuming engine overhaul cost of $40,000/2000 TBO = $20/hr, but only 1000 hrs left till TBO, therefore, $40/hour) TOTAL Variable Costs: $103/hr Can you take a stab at these costs and advise if certain line items need adjustment or if I am missing any items from my budget? Thank you all for your help! Obie