If you search the archives using whatever terms you want this has been discussed in great depth. All the info is there already.
I’m looking at buying either a SR20 or SR22. In an effort to buy the plane AND keep my marriage intact I’m doing some research on the operating cost involved in either aircraft.
I’d like to have a ballpark figure for:
Routine maintenance schedule + cost
If anyone has calculated a per hour operating cost
Any other info will be appreciated.
This will vary greatly with your geographical location, hangar vs tiedown, envisioned level of owner meticulousness, etc. Also, how many hours per year will you fly? Below 75-100 hr/year count on it being VERY expensive per hour. Some items to consider, then you just have to do the legwork to find out your local costs:
*Storage (tiedown or hangar)
*Fuel per hour (10 gph for an SR20?)
*Annual inspection (probably not much more than the shop’s flat rate for the first several years on a new Cirrus, but like any other plane, unexpected costs will crop up as you go past 300-400 hr and get out of warranty)
*50 hr inspections if any
*Aircraft cleaning and detailing (monthly? less?)
*Consumables (landing light, tires, other)
*Personal property and any other taxes (can be 1% of value or more!)
Those are the “tangibles”
“Intangibles” (guesses, figuring 200 hr per year flying):
*Engine overhaul reserve ($15/hr?)
*Prop overhaul reserve ($5/hr?)
*Avionics upgrade/repair reserve ($10/hr?)
*Paint and interior reserve ($6-8/hr)
WARNING this can get to be a depressing exercise, so don’t so too much of it. You should be buying a plane more because it’s a passion, source of satisfaction, enjoyment, etc. than because it has any hope of making economic sense.
I do not own a Cirrus but friends who own SR20s–all still under warranty–have cited hourly costs as low as $80 and as high as $120-130. Not sure if they’re including the “intangibles” mentioned above. My own plane (a Peterson-modified C182) cost about $145/hr last year for ~190 hr. However, the annual was VERY expensive due to my deciding to fix some elective things and due to the shop’s performing some recurring ADs that were NOT applicable to my plane which I don’t expect to be repeated next year. With a more routine annual inspection cost, overall it would have been $120-$130/hr. Note that I carry a lot of insurance, so that adds to the cost too.