A group of members in my flying club is organizing to purchase a new plane to lease to the club for use by club members. The SR-20 is an obvious candidate for purchase. In computing the hourly rental to charge at various levels of usage in order to break even, the major unanswered question is “How much will the plane depreciate during the first few years of ownership?”
I would be most appreciative of any information you can provide concerning SR-20s sold used. How much did you pay for your plane? How long did you own it? How many hours did you fly it? For what price did you sell it?
Thanks very much for your assistance.
–Stephen S. Ashley