Operating Costs Redux

Let’s try it this way. Here is what I am hearing on the estimated costs of operating the SR20:

\$25/Hour for annual maintenance, inspections and ordinary wear and tear.

\$25,000 est cost for the 2,000 hour on the engine and props - \$12.50/Hour.

\$5-\$6 paint and interior holdback based on \$17-\$20,000 at 3,500 hours.

Plus insurance (\$3,000-\$5,000/yr), Garimin data cards at \$400/yr and hangar expenses.

Let me know if these numbers represent reality.

Let’s try it this way. Here is what I am hearing on the estimated costs of operating the SR20:

\$25/Hour for annual maintenance, inspections and ordinary wear and tear.

\$25,000 est cost for the 2,000 hour on the engine and props - \$12.50/Hour.

\$5-\$6 paint and interior holdback based on \$17-\$20,000 at 3,500 hours.

Plus insurance (\$3,000-\$5,000/yr), Garimin data cards at \$400/yr and hangar expenses.

ALL OF WHICH WE WILL GET BACK WITH ‘APPRECIATION’ WE HOPE!

dDon

Let me know if these numbers represent reality.

Don,

Which model did you buy? I want one. It doesn’t use fuel.

I think your \$25 an hour for maintenance depends on usage because the annual is a big part of this item. Also, we’ll be under warranty for awhile. If you run 200 hours a year, I doubt maintenance, incl the annual would cost \$5,000. If you only flew 50 hours, then I expect the annual (inspection alone) would reach the \$1250. In these two examples, maint costs per hour rose with less use. Use this argument with your wife to justify greater use.

I would increase this budget item each year as the plane ages. And, modify based on your usage. And, you’ll still need lots more money than planned.

Insurance: I think \$3,500 or so for the SR20 is enough, given a typical person with some experience and no accidents.

Let’s try it this way. Here is what I am hearing on the estimated costs of operating the SR20:

\$25/Hour for annual maintenance, inspections and ordinary wear and tear.

\$25,000 est cost for the 2,000 hour on the engine and props - \$12.50/Hour.

\$5-\$6 paint and interior holdback based on \$17-\$20,000 at 3,500 hours.

Plus insurance (\$3,000-\$5,000/yr), Garimin data cards at \$400/yr and hangar expenses.

ALL OF WHICH WE WILL GET BACK WITH ‘APPRECIATION’ WE HOPE!

dDon

Let me know if these numbers represent reality.