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Found 1 result

  1. So I have a long question and would love input on any parts of it. I doubt this is a new question but I've looked around at previous posts and haven't found direct answers to what I'm looking for. Background Info I've been looking at purchasing a plane for business use but I have zero experience with flying small planes. I own a small business, do all of the sales work, currently spend about 30 hours a month on the freeway plus some regional commercial flights, and as my company continues to grow I continue to spend more time on the road. Most of my customers are currently 100 to 300 miles away but that range will continue to grow up to about 500 miles. I'm out West and 75% of my customer sites are not a direct flight on a commercial route. I've crunched a bunch of numbers and it looks to me like flying these destinations in an M20C would save quite a bit of time and would be well worth the cost. But since I have no real experience with small planes, I really don't know how accurate my numbers are. I'm really looking at whether this makes good business sense or not. I get that flying is fun and that a plane would be a really fun toy but I'm trying to separate that out and look at the practical part of it. Actual Questions 1. Will I actually save time - door to door including: pre-flight, getting into a rental car, etc. - flying vs. driving routes that are 100 to 300 miles away. My office is 5 minutes from my local field, most of my customers are within 15 minutes of an airport. 2. Flying about 4 hours a week, is $160/hr a reasonable number for an all in cost to operate an M20C (including interest on a $45,000 loan, hanger costs, engine reserves, etc., etc. 3. If I go ahead with purchasing a plane I plan to get both PPL and IR as soon as I can, within 6 months or less. How terrible an idea is it to buy an Mooney and do all of my training in it instead of renting (172s are the only local option) or buying a Cessna 150 and selling it a few months later after PPL is complete? 4. What else should a clueless newbie be considering that a clueless newbie wouldn't know to consider?
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