Mooney1401 Posted January 13, 2013 Report Posted January 13, 2013 Just looking to see what other mooney owners plan for an operating cost. I have a 77 M20J Quote
ChristianGodin Posted January 13, 2013 Report Posted January 13, 2013 I have the same airplane 77J. I don't plan. I just make a check when I have to. Approx, Insurance is 1900$, annual 2500$, miscelanious repair every year 2000$ plus gaz. No reserve for engine or big repair. Engine has 250 hours since overall, instrument has been updated and the paint is one year old. I am flying approx. 100 hours per year. Quote
PTK Posted January 13, 2013 Report Posted January 13, 2013 Mooney1401, AOPA has ownership cost calculation resources you may find useful. This is probably all you need: http://www.aopa.org/apps/iforms/opcosts/OpCostsInstructions.cfm Quote
N201MKTurbo Posted January 13, 2013 Report Posted January 13, 2013 When I was flying every day my operation cost was about $60/hr now that I don't fly as much it has gone up to about 130/hr Quote
Mooney1401 Posted January 13, 2013 Author Report Posted January 13, 2013 I am looking at selli g some block time and was thinking around $115 per hour. Want to be fair but also make sure my costs are all covered Quote
bnicolette Posted January 13, 2013 Report Posted January 13, 2013 I am looking at selli g some block time and was thinking around $115 per hour. Want to be fair but also make sure my costs are all covered I personally think,that is way too,cheap. There was also a great calculator in a past issue of The Mooney Flyer. Sent from my iPad using Tapatalk HD Quote
aaronk25 Posted January 13, 2013 Report Posted January 13, 2013 Ok because of the long cam guard thread I couldn't help myself......If you run cam guard maybe you could cut your engine operating cost in 1/2 :) ........sorry couldn't help it 3 Quote
gregwatts Posted January 13, 2013 Report Posted January 13, 2013 I am looking at selli g some block time and was thinking around $115 per hour. Want to be fair but also make sure my costs are all covered   Wet or Dry? The cost per hour changes depending on how many hours the plane is flown. My local flight school rents out a 201 for $180 per hr, wet. Being a leaseback, that probably gives the school $20 per hr. I suggest that you really research the risk and your insurance policy. Nobody will fly your plane with the same care and consideration that you do! Quote
jetdriven Posted January 13, 2013 Report Posted January 13, 2013 Excluding all recurring monthly expenses (tiedown, annual, insurance, etc) it costs around 30$ an hour for the plane plus gas, which is 50$ or so, or 80$ per hour in total. Our fixed expenses are around 6 grand a year, so divide that up by the number of hours. I agree with Brett. 115$ an hour is too cheap. There is a school here that rents a Bonanza, and its 300$ an hour wet. A M20J is probably worth around 185$ an hour wet, fair market value. Quote
Mooney1401 Posted January 13, 2013 Author Report Posted January 13, 2013 Thanks for the information. It would be 115 dry and any extra cost to my insurance would be up to them to pay. Quote
jetdriven Posted January 13, 2013 Report Posted January 13, 2013 Thats probably fair, but be super sure and verify he is covered in his operation. Quote
ALP Posted January 13, 2013 Report Posted January 13, 2013 Local school here rents a M20J for $197 wet. Quote
BigTex Posted January 13, 2013 Report Posted January 13, 2013 The rate is obvious.... Should be $201. 1 Quote
AndyFromCB Posted January 13, 2013 Report Posted January 13, 2013 My Bravo has 3500 hours on it or so, 150 of it under my command. After writing some major checks for firewall forward overhaul and then the first annual that came to a tune of $21,000 and going over the logs and invoices, I can honestly say that all and all, a Bravo costs $80 an hour for maintenance, $114 for fuel (19gph at $6 per gallon, that includes climb, I cruise around 16-17gph), my fixed costs are the following: -1560 for hangar -1800 for insurance -1400 for subscriptions to data, plates and XM -2500 for annual inspection $7260 and I fly this airplane around 150 hours a year so a grand total of $240 dollars per hour not including capital costs or about $1.20 per NM. I'd say $115 per hour is too low for a M20J. Quote
PTK Posted January 13, 2013 Report Posted January 13, 2013 Should also take into consideration the avionics equipment in the airplane? Are these numbers thrown around for an average equipped 201? Even so I agree with Brett and Byron, 115$ sounds way too low imho. I personally would be in the 250$ range, dry. Fuel and insurance on them. I also think you should consider ground time. What if, hypothetically, someone rents it and takes it on a two hour flight and sits there for a week before returning. You have no use of your airplane during that time and you only got paid for four hours. What is that limitation worth to you? Also check and be double sure of your insurance stipulations. Get all the documentation they require and be clear and certain of the coverages. Quote
carusoam Posted January 13, 2013 Report Posted January 13, 2013 Interesting challenge... We agree somewhat on the cost of operation and what it entails... But does the market support that price? In other words, does that Mooney get rented $197? Best regards, -a- Quote
PTK Posted January 13, 2013 Report Posted January 13, 2013 Well, Anthony that's a very good question. A Skyhawk 172 rents for ~160$ and a Cirrus for 200$ and above. Theoretically then a well equipped Mooney 201 should not have a problem renting in the mid 200's. I say theoretically because I think the pool of renters for a Mooney is a lot smaller. Even if checked out in the Mooney they may not be current in it and therefore be reluctant to rent it and put their family or pax in it. Quote
carusoam Posted January 13, 2013 Report Posted January 13, 2013 I see the logistics of training and insurance being the initial challenge then.... An individual would need 10 hours or so before being able to rent it and solo and possibly more to take passengers. So at $201/hr the individual is into $2k to $3k for 10 to 15 hrs + instructor fees to get checked out. Another $1k for insurance for low mooney experience above the regular insurance payment. Probably $5k, all in, to be qualified to rent the plane solo...? It makes sense to me to rent if the plane was close to home. This makes a happy flying club... I got checked out in a Kkatana back in the day. It was on lease back then it disappeared after my checkout. It was slightly nicer than the 152 and cost slightly more... Apparently the costs were higher than the owner expected and the market wasn't big enough. Best regards, -a- Quote
PTK Posted January 13, 2013 Report Posted January 13, 2013 I wouldn't rent my airplane though. But if you Anthony, or you Cris are ever in a jam and want to borrow it, you got it! It's all yours for the asking, anytime! 1 Quote
jnisley Posted January 13, 2013 Report Posted January 13, 2013 It costs us between $125-145 per hour depending on hours per year flown. (usually 70-100 hours per year) Our fixed costs plus "normal repairs", average $6000-7000 (insurance, nav/weather subscriptions, annual, hanger expenses (we own hanger but lease ground it's built on for $450 per year) I would love to rent a decently equipped M20J for $115 per hour Quote
aviatoreb Posted January 13, 2013 Report Posted January 13, 2013 I have the same airplane 77J. I don't plan. I just make a check when I have to.  Me too.  I enjoy it much more that way.  I just close my eyes and write checks when I need to.  If I compute how much it costs per hour I think I would enjoy it less. Quote
RJBrown Posted January 15, 2013 Report Posted January 15, 2013 I had to get my BFR/ICP while the Mooney was getting the engine done. Rent on a 172 from Aspen ranged from 99 to 144 with 99 being an avionics free beater to a recent and loaded glass panel plane at 144. Around $200 wet is my guess. If I could rent a 201 for $115 it would be WAY cheaper than owning. Flying 100hrs ayear costs me about $140 per hour to operate. No capital cost included, plane is paid for. Quote
Joe Zuffoletto Posted January 15, 2013 Report Posted January 15, 2013 I have a spreadsheet that I created to figure this out and I feel it's pretty accurate. Didn't know about the AOPA calculator so I tried it out. I fly about 80 hours per year. My spreadsheet spits out $310/hour and AOPA says $315/hour. Pretty darn close. Quote
M016576 Posted January 17, 2013 Report Posted January 17, 2013 Hangar- 125 / mo x 12 Insurance - 1203.00 / yr Gas-5.60 gal x 10gph x 100hrs Annual- 1200 = $9503.00 yr / 100 hrs = $95.03 / hr Throw in about 500 bucks more a year for oil/random maintenance and I'm at about 100 /hr. Of course, that doesn't count the $17500 I paid for an overhaul 6 months ago.... Quote
schule Posted January 17, 2013 Report Posted January 17, 2013 Hangar - $5100/yr (out of the way) - $9600 (in town) --- Tie downs in snow $450/yr Insurance - $2800/yr ($1M/$300k) 100LL - $5.65/gal @ 8.5 gph Annual - $3000 Garmin Americas Updates - $550 US CBP Sticker - $30 Biennial Taxes - $70 Sales Tax - $0 100 Hour Inspection - $1000 WingX - $200 DIY Oil Changes - $100 ea. Misc MX/Cleaning - $750  130 hours last year cost around $20k plus upgrades --- $155/hr  Flying in Alaska without TSA probing - Priceless  -Mark Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.